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Short AAPL $632 I got 'em
- Thread starter Uncle_Ho
- Start date
Quote from cactiman:
Yes, AAPL at 629. The headlines are blaming all this deep red on Europe.
This is the rumored correction happening I guess. This is when Trend Traders start to reexamine their faith....
I hope Uncle Ho sold his Puts on the dip!
As a scalper (6E futs), I trade the trends that occur on my timeframe by taking bite-sized chunks out of their up(or down)legs; sometimes the retracements are tradable as well. Sometimes I sit through the retracements if I'm really sure of the trend. But I don't treat trends as something special; it's only a one-sided market mode.
Quote from rockefehler:
As a scalper (6E futs), I trade the trends that occur on my timeframe by taking bite-sized chunks out of their up(or down)legs; sometimes the retracements are tradable as well. Sometimes I sit through the retracements if I'm really sure of the trend. But I don't treat trends as something special; it's only a one-sided market mode.
Cool. I can't take the stress of Day Trading anymore, so I do mostly Credit Spreads for 6-12 month Trends, and some Single Options for Swing Trades - using Earnings Announcements as the Catalyst for the short term moves.
What about loss control? You were talking % with someone yesterday on your AAPL trade, but I couldn't follow the math.
Quote from Uncle_Ho:
There are better trades out there. Surdo reminded me that. I sold bonds 141'17 holding for a week, probably make 5x more on this then AAPL. Later butt sniffers.
What ever happened to your bond short back in 2005 that ran 8 points against you?
I see nothing has changed in this cesspool in 7 years.
Good trading!
Quote from Uncle_Ho:
There are better trades out there. Surdo reminded me that. I sold bonds 141'17 holding for a week, probably make 5x more on this then AAPL. Later butt sniffers.
So you hold it while it is underwater for a few days, and when it finally is in the green you sell it because there are better trades? Yeah, right ...