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

aphexcoil said:
You're starting to sound like a hedge-fund manager ...
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By posting my trades, I have two intentions.
1- Not to forget my bad trades as they are there on line
2- If I am wrong, others might criticize my trades and I would find some other thoughts.
Note: Everyone knows that I cannot manipulate stocks by posting my trades. Let's say in the extreme case my post causes other traders to short CAT 1000 shares. Will it make any difference? Even it might have negative effect as they are not comfortable with this trade and expect a quick profit, might end up covering with loss that might push the stock higher.
Those who trade in big accounts do not need my advice and have their own system or way of trading and those who want to follow me, do not have money to do that.
Once I attended in one of the local trading clubs and I realized, either attendees are either broke or only have less than $500 in their account or are there to find their mates and I quit !!!
 
Moved some cash to pick more Amazon before holiday season, and it's just been sitting there. Thanks for reminding me
 
aphexcoil said:
What was your basis for shorting CAT now?
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Now ? Hajimadow shorts CAT and strong stocks for months / years.
But Hajimadow doesn't trade real money, you know? As Madoff

CM


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Haha. You want proof? Here is the proof. You cannot handle the truth.
Just this week's trade on CAT and the week is not over.
CAT.JPG
 
hajimow said:
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).
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I would prefer to be long Cat into the earnings as the probabilitis and EV favor (in my opinion) the continued bullish hopes of a good earnings release; possibly short on the release. Amazon; well I would not mind adding it to a long-term portfolio.

Good luck.
 
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