So you jumped in front of a freight train and said "stop". Kiss that two grand goodbye in less then a day's trading. This kind of strategy is terrible you don't dictate the value of a stock the market does. Guessing a top is a fool's game.
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Nflx
- Thread starter ptrjon
- Start date
So you jumped in front of a freight train and said "stop". Kiss that two grand goodbye in less then a day's trading. This kind of strategy is terrible you don't dictate the value of a stock the market does. Guessing a top is a fool's game.
Quote from Nine_Ender:
So you jumped in front of a freight train and said "stop". Kiss that two grand goodbye in less then a day's trading. This kind of strategy is terrible you don't dictate the value of a stock the market does. Guessing a top is a fool's game.
Take it easy, this is a very small position in my portfolio, I manage positions I do not trade in and out of one stock all day. I have a variety of long holdings and a variety of short holdings.. Yes I am down about $1200 on this trade so far, but my time frame can be weeks. I have no use for stops they do not make sense in my investment strategy. If NFLX gaps to 180 tomorrow, my overall portfolio is still in good shape, and when moves like that happen it means I have large gains elsewhere in my long holdings. Goodluck.
Closed all positions in nflx @ 159.49 Net loss $380. Look to reenter short tomorrow.
Quote from ttowntrader:
Closed all positions in nflx @ 159.49 Net loss $380. Look to reenter short tomorrow.
You are dishonest it is quite obvious from your posts. The math doesn't add up for starters. I would say the moderators should look carefully at your posts with the idea of banning you from this site.
I am not going to post every trade on here, my first position was in at 155.88, there was plenty of time to short nflx all day today in the 162 area. It's at 159.6 right now. I have a lot more excellent calls on this site than bad, so go ahead. It may not even get to 162 again tomorrow, but if it does that will be another good short entry. I am already reentered another short just 100 shares again, and total pl is now -296. Not a bad loss considering the timing of the first position in this trade. Those of you who waited until today actually made good money.
Quote from Nine_Ender:
You are dishonest it is quite obvious from your posts. The math doesn't add up for starters. I would say the moderators should look carefully at your posts with the idea of banning you from this site.
Yup... paper traders everywhere! NFLX will go to $300, mark my words! Insane shorting at $120-$150!
Quote from failed_trad3r:
Yup... paper traders everywhere! NFLX will go to $300, mark my words! Insane shorting at $120-$150!
Maybe.... but for now I like a short position for the next week or two. Back to -$536 for me, see pic. Lame that people on here want proof for mere hundred dollar moves.
http://www.osutrader.com/nflx_sept23.PNG
Quote from ttowntrader:
I don't use stops. I will add to the position or exit based upon price action and portfolio weighting. I normally keep between a 10 to 40% short exposure. I cover a position like this if i get down a couple thousand. I normally actively trade a portion of a position intraday for improving cost averages but the general timeframe is 1 to 10 days. Goodluck.
Your story is inconsistant you have been caught in a lie. The trade you posted was down at least $2600 which exceeds your stated stop loss of a "couple of thousand". You then make all sorts of claims that you magically made all sorts of intraday trades using almost perfect timing to lose only small amount of money.
Baloney.
Trading is a hard game but don't post these fantasy trades which are actually not well thought out and 90% of the time you will get thoroughly owned doing them. Then pretend you didn't get owned.
I'd hate to think there are people out there following your lead with their money and wondering where that magic timing is that you keep posting about. Fact is the whole premise is a sham.
Quote from Nine_Ender:
Your story is inconsistant you have been caught in a lie. The trade you posted was down at least $2600 which exceeds your stated stop loss of a "couple of thousand". You then make all sorts of claims that you magically made all sorts of intraday trades using almost perfect timing to lose only small amount of money.
Baloney.
Trading is a hard game but don't post these fantasy trades which are actually not well thought out and 90% of the time you will get thoroughly owned doing them. Then pretend you didn't get owned.
I'd hate to think there are people out there following your lead with their money and wondering where that magic timing is that you keep posting about. Fact is the whole premise is a sham.
I obviously do not have perfect timing, trades don't always go your way thus my loss on nflx. If you want to make it so personal, all I can say is grow up. I would much rather spend my time actually trading, thinking about the next setup, managing portfolio, and risk exposure, than bickering about bs accusations on here.