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Asking about stops seems like a legitimate question to me. There may be some people on elite who followed this trade and are feeling nervous right now. Just in case you are wondering i am not one of them because i never short.

Well the market gave a short window to cover at a profit and closed the escape hatch. This market has a spank the shorts feel to it.

Did we cover this or are we holding a goog short 18 points down? What is your game plan here?

How come this reminds me of the poker players on tv where they go all in?

Looking much better now. Reversal off highs.

Yikes. So what does one do now? You have added to a losing trade 6 times and are now 200% short and under water on you highest add at the current print(39.21). You are reduced to hoping that the market turns around now and the margin gives you few options. I am not trying to bash you but just...

Wow that takes guts. Good luck. I think you have to admit that you were wrong even if it turns your way because in the title of this thread you said the ONLY direction to trade was down. That was clearly wrong.

Wouldnt want to be in this position.

Yes he was right on goog but i watch every mad money show and make a list. Last night i went through the list and if you held every one of his other picks as an investment all i can say is ouch."the house of pain".

Does anybody know a way to get room discounts at the Paris hotel for the expo? TIA

http://www.tradersexpo.com/tradersexpo/lasvegas/main.asp Who all is going to the Las vegas trader expo? Maybe we should have an elite get together. I see elitetrader is a sponsor. I heard Don Bright would pay the dinner bill. (just kidding Don). Booked my flight today.

Good point. I guess my long only mentality is showing.

I hate to say it and you may be right in the end but you have gone from a nice profit to a sizeable loss on this trade and you belittle other traders styles? Maybe a lesson in humility is in order?

Maybe its time you put up some numbers and show these failed daytraders on this thread how a real man does it. http://www.elitetrader.com/vb/showthread.php?s=&threadid=50472

lol. i wonder if etftraderlives still lives or if he died when the train ran over him.

Are you on some kind of record winning streak? I read through all 250 pages of this thread and unless i missed one you have not had one losing day.

Most of the trading posts on et are about some kind of futures trading yet i dont see one profitable futures trader posting on this thread. makes one wonder.

Does cramer know what he is talking about here? Oil Stocks Become Options Paradise By James J. Cramer RealMoney.com Columnist 9/2/2005 11:02 AM EDT Click here for more stories by James J. Cramer Options paradise, these oil stocks. It's now to the point where you want to be long...

You guys make it too complicated. the fact remains that selling naked puts on an index without using leverage is no more risky on the downside than being long that index and collecting dividends. Your premiums are your dividends in this case. You can make a case that it is a poor idea because...

Cramers edge went away when they passed reg fd. He was smart enough to know it and retire. You have to give him points for knowing his game was ended.