Short 500 AAPL at $75

What made you short AAPL at this particular time? Reading your post you were short AAPL overnight. I realize that traders fade into strength intraday but my experience it is a costly move often enough. I am not talking about backtested example but commutative results from all great traders will tell you so.
The question is if you were just lucky this time or you knew some insider scoop not privy to the masses.
Quote from Trend Fader:

I dont agree.. who says that its ideal? Can you quantify this.. or is it just something you read somewhere?

Actually, what i realized in my experience.. is that when u fade strength many times you get a much better entry and risk to reward than when u wait for a downtrend or for the stock to roll over.
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TrendFader,

Just as I suspected, only amateurs with lots to learn make 4 points over a 2 day time frame...:)

Good trade and make sure to rub it in to our resident "pro" uninvited_guest.

Mike
 
Truth is.. it was luck that this stock tanked so hard today... but the call was from combination of fundemental analysis and some technicals...

I still hold the premise that there is little edge in going with the trend in stocks... i backtested strategies that went long in downtrend or long in uptrend.. the edge was miniscule. The trend following is my testing is more prevelant in currencies not stocks.
 
I second that, I am more of a futures trader than stock trader....
Quote from Trend Fader:

The trend following is my testing is more prevelant in currencies not stocks.
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Quote from Trend Fader:

Truth is.. it was luck that this stock tanked so hard today... but the call was from combination of fundemental analysis and some technicals...
More...
Luck or not, still a dam good trade. There is luck involved in all aspects of life.

Now if you can do the same kind of thing over and over with a decent positive expectation...you got a good system! :cool:

Good luck to all.

C
 
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