True. But that "someone else" could be long the stock with a profit, but you still HAVE to cover your short. He is NOT obligated to sell his stock.
-Pound
Ah! But, the guy didn't Have to lose $1.10. He, along with 10 other people, could have lost $.10. Right?
So that would make it a MINUS SUM Game. Not zero sum.
-Pound
I don't understand this whole "zero sum game" mentality. I mean, if I short a stock....you buy it....you sell it for a ten cent gain....stock falls 1 point.....i cover my short buying from a guy who sells it to me for a 10 cent loss:
I made money;
you made money...
From the public's view, you are in a job that anyone can do. You are your own boss, you sit behind a computer everyday, and watch porn, most of the time (not applicable to all daytraders). Some days you can make deposits that turn people's heads. This job is all over the place, there is no order...
IMO the chair is near perfect.
Seat is mesh, backrest is mesh, you won't even feel your body heat.
Arms are fully adjustable.
It has a back support thingee.
The best way to describe the chair is that you will forget that you are sitting down.
Go and try it at a Relax The Back Store...
I just wanted to get an idea of what stocks traders are trading/watching these days. Are people still trading old school stocks (cien, sunw, csco, jnpr, etc)?
I trade QQQ's , SPY's, DIA's and MSFT.
-Pound
I shorted Priceline in the 25 dollar range. A guy that I was stiting next to, everyday would ask me if I was going to cover today and I kept telling him "pound, pound, pound". So one day, a new trader came in and sat behind me. He asked the guy next to me a question about Priceline's chart. The...
I know two guys on ET that trade accounts over 500k and are really successful guys. Trading is a boring game and spending time on ET really kills the agony of sitting around in the markets. Lots of market makers read these boards, also. There is some funny guys in this business.
-Pound