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  1. S

    Confessions of a successful trader

    Positions: short 21k adbe at 33.90 short 11k de at 45 long 8.6k amzn at 85.71 long 22k vrsn at 22.80 So far everything working except de not doing much of anyting
  2. S

    Confessions of a successful trader

    got a late start this morning due to incorrectly setting the alarm on my new Iphone. Now fixed. Today i have short ADBE (closer to 34 the better), long AMZN (been buying in the premkt, can prob pay up to 86 for it, but rather around 85.50). Short DE if it gets one bounce toward 45 and long VRSN...
  3. S

    Confessions of a successful trader

    Confession: my first serious drawdown was losing 10k. 5k two days in a row. I was scared. I get a lot less scared these days since I have a decent (almost 7 yr) record of coming back but the thing I think I've learned is that drawdowns anywhere and always really suck.
  4. S

    Confessions of a successful trader

    Ok, so not only did i get my ass handed to me today, but it was especially bad that the bby ultimately ended up doing roughly what i thought it might. I got too big too early and had to cover with the tape going straight against me. If i had a smaller position or waited till the open, there's a...
  5. S

    Confessions of a successful trader

    Bot 3k ebay sept 25 strike calls for avg price of just under 12 cents, i still feel like this thing has a shot at trading towards 25 today. If the ebay turns out a loser too, i will have to declare "brown thumb" status, cut down my size and try to rebuild some confidence.
  6. S

    Confessions of a successful trader

    I went ahead and covered all the bby given how bad it was acting and got a bunch of this ebay, about 93k shrs at 24.35 realized PnL negative 63k on the day
  7. S

    Confessions of a successful trader

    Well this bby looks to have shot my day early, i'm down to 30k short and a -23k realized PnL. Also, im looking to go long ebay if it dips after the open.
  8. S

    Confessions of a successful trader

    I confess i've dug in my heels on bby and am now going to MCD for a fat filled breakfast
  9. S

    Confessions of a successful trader

    well bby now at 39.63 and getting painful, im up to 44k shrs at 38.81, sticking with it.
  10. S

    Confessions of a successful trader

    I just shorted 40k bby on the eps miss avg price of 38.76. Too much size prob, but will see what happens
  11. S

    Confessions of a successful trader

    fyi- i didn't actually use an opg order for 23k shrs (might be obvious that is too much size for this stock), i worked into it during the premkt and for about 2 min after the open, then reported my avg price. Yes, i did have a nice profit for awhile, but I thought (wrongly) that the stock could...
  12. S

    Confessions of a successful trader

    Confession: my parent's don't have a basement but I always wished that they did.
  13. S

    Confessions of a successful trader

    I don't disagree, i generally just tighten my stops way down and give it one last chance.
  14. S

    Confessions of a successful trader

    Out of everything losing about 30k on the day, which is what I get for having crappy ideas.
  15. S

    Confessions of a successful trader

    I got smoked out of some of the MOT, now down to 121k shrs w/realized PnL of -26,143. I need to get real lucky if that one is going to end up working.
  16. S

    Confessions of a successful trader

    Covered all the POT based it it not acting well, realized PnL for the day now -23,681, still long 153k mot at 8.80, if my luck so far today is any indicator, that one will roll over and i'll lose on it too.
  17. S

    Confessions of a successful trader

    Covered a few more pot, down to 12k shrs short added for the last time to mot long maxed out at 153k shrs avg cost 8.80
  18. S

    Confessions of a successful trader

    I've whittled it down to 14.6k pot short and 120k mot long, will keep these for a few hours as long as they dont start going the wrong way. Realized PnL for the day so far is -16k
  19. S

    Confessions of a successful trader

    I cut the pot back to 16k shrs based on its not working, my avg cost is 87.94 for the short position. I dialed the mot up to long 120k shrs at 8.79 based on it is trying to work. still short 8k omx at 11.78, prob going to exit that right now
  20. S

    Confessions of a successful trader

    i added mot back, 60k shrs at 8.78, still short pot 27k shrs and small omx 8k shrs, trying to wait to see if pot is going to break down, but good chance it could burn me good.
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