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HedgeKing;
With all due respect & we do respect you.
WHERE was the hedge or the stop;
I marvel you did MRVL long with a nickname like that.
Change your nickname buddy ;
or change your nature buddy
i've lost 400k the last 2 months i'm quitting
- Thread starter hedgeking
- Start date
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HedgeKing;
With all due respect & we do respect you.
WHERE was the hedge or the stop;
I marvel you did MRVL long with a nickname like that.
Change your nickname buddy ;
or change your nature buddy
Sad but true.
there's really little for me to say. it's easy to look back and say i should have done this or that but i didn't. this has put my family in a bad situation. who knows my wife could leave me if things get financially bad. just like a blackjack player i went for it looking for the huge score. i wanted to feel the rush of being up 100k fast. instead i sit here despressed and in ruins
I predict this stock closes the gap in two weeks, you should take all your money left and buy as many MRVL calls as possible. If you are going to blow out, blow out everything like a bad ass. Go down in a blaze of glory, not like a whimpering pussy. C'mon man get it together.
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Man you guys are in a bad way!
I have to say the advice and comments I am reading say that you are hurting. I feel bad myself just thinking about it.
I just got one short comment to make for everyone, or at least for the last few posters.
I am pretty sure that there will always be opportunities in the markets. I realize that there may be an opportunity in Marvell for instance, but I think that the best thing you folks can do at this point in your careers is to lay back and try to get more of an edge before you take on more risk. Its not the opportunity to make money on a specific stock that I argue against but the attitude that you bring to the game that tells me you're on the wrong side of things.
I hope you find your way.
Steve
I have to say the advice and comments I am reading say that you are hurting. I feel bad myself just thinking about it.
I just got one short comment to make for everyone, or at least for the last few posters.
I am pretty sure that there will always be opportunities in the markets. I realize that there may be an opportunity in Marvell for instance, but I think that the best thing you folks can do at this point in your careers is to lay back and try to get more of an edge before you take on more risk. Its not the opportunity to make money on a specific stock that I argue against but the attitude that you bring to the game that tells me you're on the wrong side of things.
I hope you find your way.
Steve
always have 4 kinds of stops:
1. Stop loss -- say, get out when your position is down 25%
2. profit stop -- nothing goes on forever... don't let a win turns into a loss
3. time stop -- if the market is not going your way, get out, stand aside and look again
4. trailing stop -- a good set up will let your profit run
don't give up
I don't think you would. You will simply mourn for a few days/months, recoup your capital and start again.
but don't just dive in there... get educated... go learn options. If you are going to play big, you can't afford not to have a knowledge in options to cover you.
good luck!
I am not trying to mock you, I lost a lot of money shorting gold from 500 dollars last year. I know at least some of the pain you are feeling right now. I just think that if you have some money left you should to try and get lucky. I once saw a guy at the craps table lose 6,000 dollars down to 20 dollars then turn that 20 dollars into 14,000 dollars. Miracles do happen.
Hey Steve, I'm curious about something:
A few months ago, a trader in even worse shape than hedgeking started a thread about how he suffers from psychotic delusions and suicidal depression. IMO, It seemed as believable as anything else you read on the net.
That thread is gone now, but I'm sure many here remember it. I recall you responded by insulting & mocking the wretched guy. "Leave you liver for your lover, etc."... you wrote something along those lines, but a whole paragraph of it. At the time I came to the conclusion that you must be pretty heartless and cruel to kick a guy when he's down like that.
So how did you just turn a complete 180°? Were you just drunk that day a few months ago, or what? I'm not bashing you, just curious is all...