karennma
8,057 posts
msg #113243
- Ignore karennma |
5/9/2013 2:30:00 PM
$74.67?
Oh geez!
Why don't you just go to $100.oo and make me really feel like #*(%()#% !!
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johnpaulca
12,036 posts
msg #113246
- Ignore johnpaulca |
5/9/2013 4:00:04 PM
johnpaulca
7,224 posts
msg #113234
- Edit message 5/9/2013 12:13:28 PM
VOLC($17.43)....not much downside left...will start with a small position....using 2-hr chart
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in at $16.76
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Eman93
4,750 posts
msg #113255
- Ignore Eman93 |
5/9/2013 7:31:25 PM
karennma
4,308 posts
msg #113243
- Ignore karennma 5/9/2013 2:30:00 PM
$74.67?
Oh geez!
Why don't you just go to $100.oo and make me really feel like #*(%()#% !!
=================================================================
It could have just have easily been the other way. its a coin flip with no edge. as a trader it just straight up gambling. Stick to your rules.
If I could protect myself with puts or calls it would be worth holding. the vix is so low puts are cheap if you had 500 shares and wanted to risk only 2.0 the weekly puts were prob pretty cheap.. but that's a trade that needed to be planed out weeks in advance..
I cant stress enough trades need to be planed out days weeks or months ahead of time, where are you going to buy that gives you the best risk reward...then do it.. you need to be supper disciplined.
I had 500 shares of MRIN but trimmed it to 50 for the earnings. I used 14 as my support. would have made a good short below 14.00.
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johnpaulca
12,036 posts
msg #113262
- Ignore johnpaulca |
5/10/2013 9:28:31 AM
Looking for a bounce from some bottom dwellers
Volc($16.78)
ISIC($18.49)
NI($28.85)
INFI($31.78)...close to completing a DB with indicator divergence.
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karennma
8,057 posts
msg #113263
- Ignore karennma |
5/10/2013 9:55:01 AM
TSLA up $9.oo!!
Relentless!
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karennma
8,057 posts
msg #113264
- Ignore karennma |
5/10/2013 10:08:30 AM
Eman93
4,057 posts
msg #113255
- Eman93 5/9/2013 7:31:25 PM
Its a coin flip with no edge. as a trader it just straight up gambling. Stick to your rules.
I had 500 shares of MRIN but trimmed it to 50 for the earnings.
=======================================================
I posted those three thoughts because I totally agree.
#1 - Yes, this IS gambling. And for THAT reason --- >> #2
#2 - For the odds to work in your favor, you must have rules.
#3 - That is one strategy - trimming down your position IF the trade could go either way on earnings.
TSLA "could've" gone either way, IMHO. I would've been screwed had it gapped DOWN 25% instead of up 25%.
However, I could've used a stop, which would've alleviated that issue.
(just thinking out loud.)
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Eman93
4,750 posts
msg #113267
- Ignore Eman93 |
5/10/2013 10:18:23 AM
STJ breaking out
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karennma
8,057 posts
msg #113268
- Ignore karennma |
5/10/2013 10:22:58 AM
Holy Smokes!
One of my rules is DON'T BUY OPTIONS.
However, ...
Look at this .. !!
On 5-08-12 -
May $60 TSLA Call cost $1.95.
Today, you could sell it for $1,950.
If you're wrong, you're just out $195.
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Eman93
4,750 posts
msg #113269
- Ignore Eman93 |
5/10/2013 10:26:06 AM
DGZ above the 20day
GLD weekly looks nasty
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Eman93
4,750 posts
msg #113270
- Ignore Eman93 |
5/10/2013 10:27:22 AM
Yes its a much better deal you could have taken both trades calls and puts and still made 200%
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