Live Calls Thread.

[vanzandt]

Just to re-iterate my position on this, I don't believe that moving stops is bad. It was just in your case with the one example, you said you moved the stop 6 minutes after entry, which was fine, but you only posted that the stop increased from 30 to 60 ticks after price hit what the stop was originally stated to be and this took 30 minutes to happen.

Moving stops is of course fine, especially if its to protect profits once the trade is going in your direction, but the post should be made in a timely manner, which you of course are addressing in the rules.

The nice thing about mentioning if a person is moving stops or not is that we can develop a feel for what people are doing. Some keep a firm stop based either on number of ticks or some recent swing point, whereas others might be assessing the price movement minute by minute. It will be interesting to see who does what and how effective it is.

Re-open the chat room.!
Darnit.

 

[vanzandt]

Short 1K AMD @ 15.45

EDIT: out @.55
Bad timing.

 

[vanzandt]

"Raise the guidance" huh.....?
lmao.
"We're only gonna lose $2/share".
Ouuuuuuu.
Where do I sign?
Strange times folks.

 

[Big AAPL]

"Raise the guidance" huh.....?
lmao.
"We're only gonna lose $2/share".
Ouuuuuuu.
Where do I sign?


Strange times folks.

Smart money sometimes follows dumb money...

 

[propwarrior]

Just to re-iterate my position on this, I don't believe that moving stops is bad. It was just in your case with the one example, you said you moved the stop 6 minutes after entry, which was fine, but you only posted that the stop increased from 30 to 60 ticks after price hit what the stop was originally stated to be and this took 30 minutes to happen.

Moving stops is of course fine, especially if its to protect profits once the trade is going in your direction, but the post should be made in a timely manner, which you of course are addressing in the rules.

The nice thing about mentioning if a person is moving stops or not is that we can develop a feel for what people are doing. Some keep a firm stop based either on number of ticks or some recent swing point, whereas others might be assessing the price movement minute by minute. It will be interesting to see who does what and how effective it is.

Let's just stick with stops cannot be moved, as in cannot be widened further than originally stated. They can be tightened in to reduce risk. It's just easier that way to avoid an arguments, just the same was as averaging/scaling in can cause transparency issues.

 

[vanzandt]

Smart money sometimes follows dumb money...

And vice-versa too.
In the end....fundamentals win.
No two ways about it.
Thats why Buffet sleeps well at night.

 

[propwarrior]

Short 1K AMD @ 15.45

EDIT: out @.55
Bad timing.

you forgot to include a stop on that call. i know not everyone uses a hard stop but for transparency this thread is for live calls with a stop only. follow the rules goddamit.

 

[Big AAPL]

And vice-versa too.
In the end....fundamentals win.
No two ways about it.
Thats why Buffet sleeps well at night.

I would venture to say that a man like Buffet has the luxury of sitting back and watching his investments come to fruition. We don't have the type of bankroll that allows us to sit back and wait for a payday. Unless your timing is impeccable...in which case I applaud you!

 

[vanzandt]

you forgot to include a stop on that call. i know not everyone uses a hard stop but for transparency this thread is for live calls with a stop only. follow the rules goddamit.

Stop at $21.50

EDIT:
Hold on a second.... I re-calculated...
Its $20.73
My bad.

 

[Pekelo]

Whenever I make a prediction (which is actually better then a trade because people have time to act on it, if they wish to do so) I most of the time explain why I have that view. Again, if Joe Blow is going to post here a bunch of profitable trades, what good is that for the readers? But if Joe actually EXPLAINS why he made that trade one might even LEARN from it.

I know, crazy idea... Knowledge for nothing, I want my MTV....