Yes Corelio, I think that is one way, and these days, the financial industry is littered with failed money managers who have adopted that risk management style. The other way to handle it is to simply say you are long or short without having any money in the game, and of course many here have adopted that method because it limits risk absolutely. So when you read these kinds of prognostications on any website remember that "talk is cheap".
I just took a token position in this in AH at $24.15 Using MS 25.07 as a stop and 22.50 as a target. It seems to be the nearest support line. Hope to scalp a dinner out of this.
Whether or not he made the 4/16 call or not; got to like the "green shoots to fatten hogs" analogy. Methinks, however, the farmers are somewhat reluctant to slaughter all the hogs at once (unless you llve east of the PM). This rally may have legs longer than mine... WilderMan
Yeah, taking some heat here as the stop level is flirted with. maintaining short, any day now..... surrf
Rule #1 here at ET.............Fade any & every call made by Surf & you`re odds of making money increase significantly......he`s dead money with a terrible R/R setup. i highly doubt Surf trades real $ ......he`d have been broke long ago trading YM.
We're waiting for the official "stopped out" post as WFC traded above $25. Or are you going to change your mind and hold it for a bit longer?
He should never have shorted the entire position at once. Good traders scale in and scale out. If he closes now, he has completely traded backwards. I'm not sure there's that much upside left in WFC.
More money down the shitter. LOL It's like clockwork with this guy. At least stock_tur3r only loses in 1 direction. 30% stops, awesome. I can't stop laughing. Like I said before, stick to things you know about, like changing the ribbon on your typewriter and leave the trading to people who understand money management. Regards, Red