Buying AMZN and shorting CAT today (10/4/2017)

[hajimow]

I initiated a big position on AMZN (962) and increased my short position on CAT (127). Let's see how it goes. Do not follow my trades if you do not know what you are doing and how to handle short position and possible loss. Time span is one week.

 

[hajimow]

Other trades are keep short positions of LULU, KMX, HD and ADI and long positions on GLD, SBUX, and AAPL and NFLX

 

[aphexcoil]

I initiated a big position on AMZN (962) and increased my short position on CAT (127). Let's see how it goes. Do not follow my trades if you do not know what you are doing and how to handle short position and possible loss. Time span is one week.

What was your basis for shorting CAT now?

 

[MACD]

What purpose do you wish to achieve by posting this sort of message? Thanks

 

[aphexcoil]

What purpose do you wish to achieve by posting this sort of message? Thanks

Are you asking me or OP?

 

[MACD]

Are you asking me or OP?

Sorry Yes the OP

 

[ironchef]

I initiated a big position on AMZN (962) and increased my short position on CAT (127). Let's see how it goes. Do not follow my trades if you do not know what you are doing and how to handle short position and possible loss. Time span is one week.

Did you short CAT by selling CAT puts?

 

[hajimow]

What was your basis for shorting CAT now?

It is extremely overbought and its earning is close so it will be volatile and good chance to cover if you short at these levels.
One of the reasons that CAT is up recently was short covering because of bad shorting ( big size and small stop gap).

 

[hajimow]

Did you short CAT by selling CAT puts?

Short stock, short PUT.

 

[hajimow]

What purpose do you wish to achieve by posting this sort of message? Thanks

To mislead other traders and try to push them off a cliff.

Kidding. No specific reason. As I see my account is going up, I get excited and post my trades as a self satisfaction. Sometimes I get bored.