Don's openings and more for 2005

Chris and Ray (BT manager in LA office, now CEO of Full Tilt), and the "boys" at FullTilt started putting their web poker site together not long after he won the 2000WSOP. They launched last year, and have done a tremendous job. I expect big things from them.

Don
 
6 fills / 1000 shares each

4 long / 2 short +622.00

-.55/+.95 %

got out too quick in pep....

blocked 9 out of 94 on news...
 
don:
did you make money on WMT? If you are short on open then you had to withstand 13 cents shakeouta and held on more than 5 minutes.
 
Quote from danjos:

don:
did you make money on WMT? If you are short on open then you had to withstand 13 cents shakeouta and held on more than 5 minutes.
More...
If you held on while WMT went 13 cents against you, and then it came back and you wound up making money on the position...then that 13 cent move against you was a "shakeout"...and we all know Don warns against being duped into dumping your position into a shakeout.

If, however, that negative 13 cent move continues and becomes a negative 25 cent move, and then a negative 50 cent move....then, according to Don, "why didn't you take your 13 cent loss and look to get back in at a better price".

In financial jargon this is called "20/20 hindsight". You can't categorize a move as a "shakeout" until some later time after entire scenerio has played out, if at all.

Hope this helps.
 
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