Short 500 AAPL at $75

quite a thread...which is exactly why i don't trade large stocks on a strong trend like this (short term). Everyone is going every which way with their picks and reasonings that it just muddles the entire picture. Just because its "the hottest" stock doesn't mean I can't make similar or better profits day trading other stocks that have "no media noise".


T.F. nice work on the trade. However, imo i don't believe a strategy such as this is worthwhile. I know you said the edge of buying/shorting a trending position is quite small. But i beleive the drawdown for such a strategy to be too high.



RT
 
Quote from Trend Fader:

Yea whatever... steven cohen from SAC was shorting the Pokemon stock (KDE) when it was like 200+ ... i guess he is not a pro trader in your book.

Read shwaggers stock market wizards book.


--MIKE
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hmm. i do not know the man. have not read the book. there is really "stock" market wizwards? ah, just googled. there is.
you might be right. so there are pros who make a living shorting highs? it is not just a onceinawhilehappenedgoodtotell thing?
remember google? many many topshorters with hurting fingertips ...
 
Quote from man:

so there are pros who make a living shorting highs? it is not just a onceinawhilehappenedgoodtotell thing?
remember google? many many topshorters with hurting fingertips ...
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Actually, there are hedge funds specialized in short-only trading, with Manuel Asensio being one of the best known:
http://www.asensio.com/Index.aspx
 
Quote from Trend Fader:

Chase Bank is offering a free ipod if you open an account... ipod is becoming a hot commodity item.. like the microwave or toaster.. shorting this stock is not easy.. but the risk to reward is on my side.


--MIKE
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Read the details of the offer. If you put $25,000 into an account at their abysmal sub 3.00% yields.
 
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