OIH and Drillers

Quote from S2007S:

eeeeek



im worried...


Im in around 35.25-35.50.

HAHA

Ill remind you when I sell my shares above $40++++

I do not have a stop order in by the way and will average down like I did last time around $25-$30.
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Same old "paper-trading" BS.
How come you refuse to provide a "screen-shot" of your bearish positions?
 
Quote from Landis82:

By the way S2007S, whatever happened to the SMH that you said that you bought back in September looking for 28.00?

Now trading at 15.60

Did you not "average" down into that trade too?
Still own that original SMH position?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=135821&perpage=6&pagenumber=2

:eek:
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Yes still own that, it pays a few dividends every month so im holding onto it, Im thinking of buying more in my IRA under $10....it will eventually make its way back up, the next bull market thats at least 5-7 years away will push the nasdaq back to 2500 and SMH hopefully back to $25+
 
Its easy to post a screenshot...I dont know why people dont meet the challenge when they are challenged?
Ive called out a number of posters here and they come up with excuses.

Order ID Buy/Sell Qty Symbol Price O.Type Expire Status Fill Sp Executed Entered
4497795144 Buy To Cover 500 T 27.62 Limit Day (2008-11-25) Filled 500@27.59 10:14:10 2008-11-25 10:14:08
4497702344 Sell Short 500 T 27.68 Limit Day (2008-11-25) Filled 500@27.72 10:06:08 2008-11-25 10:06:06
 
OIH now +7.3% today and leading the market higher on further gains in Crude and Natty Gas. Anyone that has been short this sector in the past 4 days has been absolutely CRUSHED!!!

DUG: -2.65

30.50

:eek:
 
Quote from Landis82:

OIH now +7.3% today and leading the market higher on further gains in Crude and Natty Gas. Anyone that has been short this sector in the past 4 days has been absolutely CRUSHED!!!

DUG: -2.65

30.50

:eek:
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Adding More at $30.00.

Cost average after that approx 32.85.

Waiting patiently
 
Quote from S2007S:Waiting patiently
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How's that SMH long doing that you were buying in September in the $25s? Averaging down? Waiting patiently?

Averaging into losing positions is not a trading edge.
 
Quote from makloda:

Averaging into losing positions is not a trading edge.
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Didn't my old boss Paul Tudor Jones say something about "averaging" into losing positions?
 
Quote from Landis82:

Didn't my old boss Paul Tudor Jones say something about "averaging" into losing positions?
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BACK in at DUG $29.94

COST AVG $32.85.


NEXT purchase if I really have to now comes under $25.00
 
What about your SMH position? Added 'for a quick trade' but never found an exit? Because you don't use stop losses? Of course, you never have losing trades that way. Your entire account is just littered with dead bodies of old deep in the red trades that you refuse to close LIKE A TRADER WOULD:

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