Marketsurfer says short shake shack

TRS said:
So I assume some form of TA was used to devise a $50 level?

What about trade management as the trade progresses?
Strong argument can be made that trade management is more important than the initial entry criteria.
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he doesn't follow TA

how did he get to $50 though? my bet is he paid for an escort and she charged an extra $50 for pegging, so he thinks 50 is his lucky number
 
debitspread said:
Uncanny... day after day...
SPY 211.82 +1.01 +0.48 %
SHAK 65.85 -3.49 -5.03 %
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There you are buddy! We miss you in the Surf Report thread quoting the Dow getting higher...

I wonder why!

I admit that short Shak was a good call here, except Surf was burned previously and ended up covering at 91. Can you believe that?

We are 25 pts lower, and he did not even take advantage of it. I’m so disappointed that he missed that opportunity after taking a loss.

But the statistic remains stable: ~80% accuracy.
 
samuel11 said:
There you are buddy! We miss you in the Surf Report thread quoting the Dow getting higher...

I wonder why!

I admit that short Shak was a good call here, except Surf was burned previously and ended up covering at 91. Can you believe that?

We are 25 pts lower, and he did not even take advantage of it. I’m so disappointed that he missed that opportunity after taking a loss.

But the statistic remains stable: ~80% accuracy.
More...


Huh? We have been short from 86.70 and 86.75. Took 2 tries, but victory is sweet. Next stop 50. Then 25 ---
 
TRS said:
So I assume some form of TA was used to devise a $50 level?

What about trade management as the trade progresses?
Strong argument can be made that trade management is more important than the initial entry criteria.
More...

No, it is derived from present actual value analysis ---
 
Sonic is selling off for the second earnings season in a row. Surprisingly, somebody has a bid for 32.21 (-3.45%) in the after-hours and it's solid.

Still, this could help SHAK break thru a major support of $65 tomorrow.
 
xandman said:
Sonic is selling off for the second earnings season in a row. Surprisingly, somebody has a bid for 32.21 (-3.45%) in the after-hours and it's solid.

Still, this could help SHAK break thru a major support of $65 tomorrow.
More...

Thanks for the news! surf
 
marketsurfer said:
Huh? We have been short from 86.70 and 86.75. Took 2 tries, but victory is sweet. Next stop 50. Then 25 ---
More...

You shorted at 67.09, 74.41, 78.07, and 76; covered at 91.

Unless you took on more shares on your most recent trade, you haven't broken even yet on this trade. If you hold til well past the lock down date ( something I recommended at the onset of your recommendation ), you will likely make your money back in my opinion, and possibly gain a real victory.

Am I missing something here ? Why is this a "sweet victory" ?
 
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