Quote from retaildaytrader:
Very good questions.
First off, let me clearly state that I am a trader with short-time frames unlike yourself who lurks on the wrong message board. I think you should probably be on one of those IBD boards instead of a "trader" forum. It seems as if you think in time frames of months or years. Sometimes my time frame is just the day, several days or even weeks. I cant remember when the last time I held anything for a few months.
To answer your question, I covered my short position in early February when I saw a double bottom. That link you posted up was several weeks old BTW.
Your frustration originates from yourself. You purposely hang out on a trader's forum where people are making short term calls while you gloat about some odd position you took way back when in your Fidelity account. If I may make a suggestion which may make your life a whole lot easier, why not go to a board like Morningstar? If you see people trading the ES or some other highly volatile stock, why do you think and believe this board is then for you when you talk about an investment in Apple. I never invest, I trade and use these stocks as trading shells. I really dont care about "The Pad" or any of the nonsense you spew about unemployment or any of that. I am just interested in taking something from point a to point b in a short time frame and then dumping it down...
The point of when you entered Apple is moot. The fact is that you are trying to talk about running marathons when we are talking about running the 100 meter dash. They are similar in ways, but entirely different topics. This is a board where we discuss short term high risk trades not longer term investing strategies such as the ones you profess.
you're right about time frames. my appl long is not a trade. same with my goog long.
but one thing that i don't understand, is why you think i'm frustrated? lol.
btw, re ES........i am one of the very few people who has posted a P&L day trade blotter on ES. i did it for several months back in 2009 - march - may. and again in the beg. of 2010. but i stopped because it added no value to my own trading and was more a nusiuance for me than anything else. i have nothing to prove to you or anyone. RTD, you talk like a hot shot day trader, but i think i have only seen one blotter from you. why don't you post an ES blotter every day for several months?
i'm not trying to get in a pissing match with you, RTD really. i have better things to do. in fact, if i don't reply to this thread anymore, don't take it personally, i just find that ET is not a great use of my time. i ended early today so i thought i'd stop by....and i'm not pleased with myself for getting caught up in your stuff. oh well....no one's perfect.