scalping GME

TimtheEnchanter · Mar 8, 2021

Today ($575) and last Friday($700) GME was very good to me. $1275 not bad...
I played it most from the long side but I had one short on as well (right after the open)

george_the_second · Mar 8, 2021

I can't get myself to trade these meme stocks neither long nor short. I always worry I'll find myself at the start of a heavy rip against my position right after entering a trade.

Kudos for having the prowess to enter the battlefield with these.

LargeTrader · Mar 8, 2021

Oggi ho acquistato 250 azioni a $180,20

Overnight · Mar 8, 2021

LargeTrader said:
Oggi ho acquistato 250 azioni a $180,20

Que?

Overnight · Mar 8, 2021

easymon1 said:
Per commerciare o per investire?

Que?

ET180 · Mar 8, 2021

george_the_second said:
I can't get myself to trade these meme stocks neither long nor short. I always worry I'll find myself at the start of a heavy rip against my position right after entering a trade.

Kudos for having the prowess to enter the battlefield with these.

Trade fewer shares.

zghorner · Mar 8, 2021

just buy and hold till like $970/sh

TrailerParkTed · Mar 8, 2021

Overnight said:
Que?

Parli Italiano? He bought 250@$180? Guessing from high school Spanish.

LargeTrader · Mar 9, 2021

TrailerParkTed said:
Parli Italiano? He bought 250@$180? Guessing from high school Spanish.

Yes

TimtheEnchanter · Mar 9, 2021

My experience with these and I trade/invest with Schwab that they move so fast that I trade a max of 100 shares always minding price action and use market orders as my entry never that accurate. scalping or not just (on a strong day) go long on a first retracement (which is 99-percent false).
These are not investments but great to make some money short term.

EDIT: my friend went long GME @ 40ish 214 shares last week when it first moved she made around $500 but kicked herself - as it went all the way to the moon...
just daytrade these - they have no frigging value and eventually will be $20 again.