Short AAPL $620 I got 'em

Quote from Uncle_Ho:

Really some of you are pathetic haha.

Still holding them, got some advice over the weekend and I think I will put the rest of my cash on hand on these. So 2 entries total, usually the standard for my type of trading.

I'll probably buy the 615's within the week if I can get a good entry (where I don't have to take a lot of initial loss, like the first entry)

My stop on this trade is covering if we get into the upper 620s.

If I would have covered these friday for profit, I would have put it back on today. The market is on fire lately, and I didn't see the S&P/nasdaq rallying this week, like it did today.

I do think we are due for a 4-5% correction in the market, the question is whether or not we will get one. Today my consensus went back the other way a little, but I still think there is a high chance of a 4-5% correction.
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First off: <b>BWAHAHAHA!</b>

Second, the market made a lower high, but that doesn't mean Apple's coming down with it. Be prepared to lose Tuesday or Wednesday when this sets a new 52 week high.
 
At least he didn't have a chance to double down.

What about the other strikes he had that he alluded to? Or were those sims as well?

Remember. He's a playa.
 
The lesson of this thread is that the best practice for shorting an individual stock is to not do it when it is in a clear up trend (despite what you 'believe' is going to happen; and if you do get a quick profit in that environment, take it), instead waiting until there is some clear sign of failure. Even then, shorting can be really dicey because it's usually something 'obvious' and there ends up being far too many people that are short that issue. Of course, that's not the case with AAPL.

If you are going to try and short a broad market correction (which there is no sign of as of right now), shorting an index is usually a better way to go and if you are going to do it in a strong uptrend, you are better off scaling in to the short, as the market rises against you and only doing it with a very conservative total position.
 
wtf is sims losers.

I mean today I am a loser, but u guys really are losers.

It's sad you guys are probably close to 40 if not older haha. Had I made money, I probably would have said the same thing lol.

I mean really you woke up and went on elitetrader went to your favorites clicked on my thread and then talk trash? Then refresh it every 10 sec, till I respond. Get a life.
 
I think your insults here, despite what other people have said, are pretty weak.

But if you learned something from your trade and the thread than you aren't a loser.
 
Quote from Uncle_Ho:

wtf is sims losers.

I mean today I am a loser, but u guys really are losers.

It's sad you guys are probably close to 40 if not older haha. Had I made money, I probably would have said the same thing lol.

I mean really you woke up and went on elitetrader went to your favorites clicked on my thread and then talk trash? Then refresh it every 10 sec, till I respond. Get a life.
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If you want help all you have to do is ask for it...Or maybe your cup is full.
 
Quote from Uncle_Ho:

Really some of you are pathetic haha.

Still holding them, got some advice over the weekend and I think I will put the rest of my cash on hand on these.
More...

I am rooting for your blowout. Oh snap, this is sim.
 
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