Scalping...

[lundy]

Quote from Mecro:




Yeah well I held 1000 shares of FSH 50 cents the wrong way, my fault. Then held 1000 the wrong way again another 15 cents. Then made a little back. Then went long 2000 and did not get out 10 cents up. Kept holding it the wrong way, finally went sell market 10 cents down and got out at 70 cents. I was surprised cause all he had at 70 in the book and on time and sales was 100 shares. He could have easily spread down another 20 cents since it is a very low volume stock and there was NOTHING in the book.
Good guy, even though I lost 1000 dollars on him by 11:30.

i hope i can post some good stories rather than horror stories.

 

[Mecro]

Quote from lundy:



i hope i can post some good stories rather than horror stories.

Well thats the worst morning I ever had. I just really got too cocky after my first trade on him. Also I usually trade that stock right on the money. A lesson to cut your losses.


Still I came back at 2 and made back almost all my gross losses. Ended the day much better, but still down a lot net.