$700 Goog

The lesson here boyz and girl (stock_trd3) :p

Is that high beta stocks fall 3 - 4 x faster then they rise.

In the last 8 days goog has given back what it took 2 months too accumulate.

This is the GREED side of this business that is the most insidious part of trading.

Guys like stock_trd3 and turtles do very well 1/3 of the time because markets either rise, fall or consolidate but if you want to be a professional trader you must learn how to recognize and trade all markets not just the bull.

Best of trades to you all. :)
 
I'm still in google

Goog will go to 800 next year.

I don't care if it falls to 620 in the process because I look beyond today's price or next week.

If you're a swing trader and use lots of leverage that is another issue.
 
Quote from stock_trad3r:

I'm still in google

Goog will go to 800 next year.

I don't care if it falls to 620 in the process because I look beyond today's price or next week.

If you're a swing trader and use lots of leverage that is another issue.
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I hope it does and I hope you make money but think of all the grief you could have sparred yourself if you just learned the craft better.

:cool:
 
Quote from Joab:

I hope it does and I hope you make money but think of all the grief you could have sparred yourself if you just learned the craft better.

:cool:
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I'm not grieving

If a stock falling 20% from its high is too much to bear, find another hobby.
 
There is a good chance that Goog may never hit those november high's ever again. You have no systematic entry/exit system. You're a recipe for disaster.

Quote from stock_trad3r:

I'm still in google

Goog will go to 800 next year.

I don't care if it falls to 620 in the process because I look beyond today's price or next week.

If you're a swing trader and use lots of leverage that is another issue.
More...
 
Lots of hedge fund managers work with a 4% max drawdown limit off total assets per month. 20% off highs typically lead to mass redemption. Face it, you're not a good trader. Maybe a long term trend speculator, but not a trader. You also never admit wrong and don't cut losers. When your stocks plunge, you say your time horizon is infinity. Goodluck.

Quote from stock_trad3r:

I'm not grieving

If a stock falling 20% from its high is too much to bear, find another hobby.
More...
 
Quote from Tracy McGreedy:

Lots of hedge fund managers work with a 4% max drawdown limit off total assets per month. 20% off highs typically lead to mass redemption.
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Um obviously I'm not a hedgefund, but my % returns do beat most of them. Hedgefunds fail because they have toooo much leverage so even slight selloffs can result in massive losses.
 
It's quite obvious you'll never manage one too.

Quote from stock_trad3r:

Um obviously I'm not a hedgefund, but my % returns do beat most of them. Hedgefunds fail because they have toooo much leverage so even slight selloffs can result in massive losses.
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Generally, with the exception of the 2000 dotcome bubble you dont short smart companies. The more PHDs and the more stringent the hiring requirements the greater the odds you will lose money shorting it. Companies like RIMM, GOOG, GS, MA, BIDU, AAPL are run by the smartest of people. They tend to have small workforces and are very efficient and nimble. Wallmart, ford, GM, citi, lowes, home depot, aren't smart companies. They have large, bloated workforces and have made great shorts.
 
Quote from stock_trad3r:

Companies like RIMM, GOOG, GS, MA, BIDU, AAPL are run by the smartest of people. They tend to have small workforces and are very efficient and nimble.
More...



GOOG has 15,000 employees, half of which were hired in the last 12 months.


15,000 employees for a single search engine.


hmmm
 
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