Uncle Ho is a bit quiet; as a real trader he doesn't flinch from these small fluctuations probably.
Short AAPL $632 I got 'em
- Thread starter Uncle_Ho
- Start date
Exit @ 637.27; a nice 4% increase of my account 
Quote from rockefehler:
Exit @ 637.27; a nice 4% increase of my account
Levered 5:1 intraday on this stock? Aggressive.
Actually 6.3:1; I always use a tight stoploss and have a high expectancy value, so I can take on this kind of risk.
Actually I'm not satisfied with this trade; I left profits on the table. Now, if my exit was based on rational grounds, this wouldn't bother me. But my reasoning was as follows: it dropped 50 cents from the high, and I couldn't bear to let go of more than that amount from such a nice profit, while I knew there was more to be gained. If my profit had been 2% instead of 4%, I would have let it go more against me. And, of course, I exited on a bottom.
According to my GF, I won't be a real trader until I stop being bothered by this
After taking profits, I shouldn't care anymore.
According to my GF, I won't be a real trader until I stop being bothered by this
After taking profits, I shouldn't care anymore.Quote from rockefehler:
Actually I'm not satisfied with this trade; I left profits on the table. Now, if my exit was based on rational grounds, this wouldn't bother me. But my reasoning was as follows: it dropped 50 cents from the high, and I couldn't bear to let go of more than that amount from such a nice profit, while I knew there was more to be gained. If my profit had been 2% instead of 4%, I would have let it go more against me. And, of course, I exited on a bottom.
According to my GF, I won't be a real trader until I stop being bothered by this
This thought always makes me feel good, even on a small profit:
"You made that money sitting on your butt, using your brain, and clicking a mouse. Compare that to working for it at a day job."
that's certainly true. And I have real fun trading; am not bored by it yet. Especially prop trading with 20:1 buying power.Only problem with sitting on my butt all day is that I grow horizontally. Thankfully the GF doesn't mind.
