Boycott NIKE!

Frederick Foresight said:
Okay. But you entered and reported the trade over a 2-day period yet made no reference to exiting early, before either your stop or target were hit, until just now when you were prompted. You'll forgive me if I was not aware of your unstated early exit rules.
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When i started the trade early on i was starting small with 400 shares, thats the way i always start a position if i think its possible it will be a multi day trade. Then i add and add and add, until i have the position i want at the spot i want, but by the time i get max size on if it doesnt go my way quickly i get out of it. I gave it two days to break down and by the end of day two i was still wrong on the trade so i exited.

As you recall i started out with 400 shares, i think across all accounts i had like 7500 shares short at one point, the blotter i showed you here, i had 4800 by the time i was at max size for that account. once im at max size i dont give things alot of leash it either works or it doesnt.

The purpose of taking the 400 share position feeler is because it just gets you honed in on a stock once you actually have something on. I start out with a super wide stop at first and the ability to add to it, and then as i get more and more size on my stopout gets tighter and tighter and my rules get tighter and tighter, i was doing the exact same thing with the other 2 stocks i had too but those ones werent news stories and they werent as thick as something like NKE where there is no problem getting into or out of as much stock as you want.
 
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Makes sense. Although I'm not partial to "super wide stops," especially at initial entry. I suppose it's a matter of personal preference. But I do understand the tightening as you add.

That must have been some trading to only have lost $1,000 on the trade given what you said was your max size at one point.
 
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Frederick Foresight said:
Makes sense. Although I'm not partial to "super wide stops," especially at initial entry. I suppose it's a matter of personal preference. But I do understand the tightening as you add.
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I mostly do it because its hard to sit there and have 100% confidence that you have the right spot right off the bat, in this case i was caught up in chop so i was adding at the top and piecing out at the bottom hoping the bottom would fall out.

Ideally if the stock starts trending down and its still hitting lower lows and lower highs all day im adding on the bounces the whole way down

But alot of the time it just turns into chop, and doesnt end up working out the way you had envisioned it, in which case im trying to work around the position selling at the top side of range and buying towards the lower side of the range until im out, but trying to lighten off the position while getting a higher average price.

Here it is with all the entries and exits in one account by the end of the day you can tell i was just getting cut up in chop all day so i knew when it wasnt breaking down i couldnt hold it overnight, cause i was wrong.

nke.png
 
Frederick Foresight said:
That must have been some trading to only have lost $1,000 on the trade given what you said was your max size at one point.
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This only shows executions not execution size so its hard to get a feel for what im doing based on this i took a huge chunk off on that one blue triangle at the very bottom, and i was at max size close to the top, the rest was just me nibbling at some taking some off nibbling at some taking it off based on what i was watching on L2, but all the arrows at the dead top, and the single blue arrow at the bottom was enough to save me from total annihilation on this trade.

80.50 was going to be my stop once i was maxed out at the top. My average price still sucked at that point though it was only like 80.08 or something so it would have been a huge loss if 80.50 broke.

If i wasnt trading around a core position i would have been dead.
 
Covertibility said:
Nike’s online sales jumped 31% after company unveiled Kaepernick campaign, data show



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These guys just run head first straight into a wall every time and pretend like nothing happened.

Tsing Tao was saying oh they are going to destroy their stock price with this blah blah blah. Max went and shorted the stock and the rest of these morons are cutting up their shorts and burning the sneakers but like Nike is run by a bunch of idiots or something.

Of course Nike sales have gone up, Republican voters don’t buy Nike apparel young people and athletes do and Nike knows their customers support Kaepernick.
 
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