Im a little short on ideas this morning. I can buy orcl just above 21 and i can buy a lot if it were to get to 20.50ish.
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Confessions of a successful trader
- Thread starter StLouisTrader
- Start date
Ok, im definately buying the ORCL, would like to get it near 21, but will pay up a bit if necessary. Also looking to short some SNDA.
filled 21k orcl at 21.41, bidding more there and lower but will cancel those orders soon
paid up for more orcl, now full on the position w/53k shrs at avg 21.56
added one last time orcl, now really full at 85k shrs at 21.57 avg. I shorted 4k of the snda and the tape quickly told me i was wrong so covering it for a loss.
still been adding to the orcl all the way down, now at 117 shrs avg cost of about 21.55, will try to hold all day as long as mkt is supportive
Initial target on this?
target is 22
Quote from StLouisTrader:
Trading individual stocks has been my full time profession for almost 7 years. I've made more money than I ever could have hoped for or expected. Confession #1 is I read the elitetrader site and sometimes even post. I think this is mainly due to bordeom. I'll follow with more confessions whenever I run out of anything else to do. Confession#2 is I believe very few people on this site actually make money. Confession#3 is I believe none of the gurus on this site or pretty much anywhere else can make money themselves or help anyone else do so over any extended period of time. I'd love to hear confessions from the other dozen or so successful traders on the site if u choose to share.
What a let down, I guess the thread title was just a teaser. Your thoughts or beliefs aren't confessions man. I was expecting something like " after my first great month I paid three girls from hooters to fly to cancun with me and then a few details".
Question1: If you were flat right now would you want to get long Oracle?
Question2: If the answer to number 1 was no are you a good enough trader to get out?
Question2: If the answer to number 1 was no are you a good enough trader to get out?