Shorting MCD (McDonald)

Quote from riskfreetrading:

Let me ask you this: would you buy MCD at $66? If $66 is expensive for you, where would you buy and when? If $66 is cheap, where do you expect to sell, and when?
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You don't short this Risk, what you do is you buy a retracement.

Daniel
 
Quote from riskfreetrading:

Short answer: if I nail it at the top (for a stock) or close, my risk is the lowest. No fakes nothing. I would then stay the course, and watch this from a distance.

In addition, I want to trade it in the topping process to build an insurance policy. Once it is done, I will then build a position such that the insurance policy and the cost basis are risk free trades.

Once that is done, you just watch people fight on your behalf.

PS: Throw a rock, and try to calculate the highest point it can go to on paper and compare it to reality. Once you have done that, extend your result to a stock.
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Doesn't work. Sounds good on paper but it just doesn't work that way man.
 
Quote from riskfreetrading:

Let me ask you this: would you buy MCD at $66? If $66 is expensive for you, where would you buy and when? If $66 is cheap, where do you expect to sell, and when?
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Those questions (and the answers) don't mean SHIT in trading.

Everyone thought wheat was expensive at $6 a barrel. What do you think they thought when it was @ $12?

That logic just doesn't work.

Stocks are just commodities. Game of hot potato
 
Quote from riskfreetrading:

All of you reading this thread. Could you do me a favor.

Please send a nice note to Brandonf. I read one of his threads, and I found it very human and touching, and I will appreciate it if you could join in thanking and wishing the best to Brandon.

And in case you wonder, I do not know Brandon other than after paying attention to his posts this evering but I may have read some of his posts without particular attention in the past.

Best wishes Brandonf!
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Thank you. Alot of people complain and talk about what a terrible place ET is, or has become. Since my illness I have found the exact opposite to be true, and with the exception of one person who had a bad experiance with me when I ran a subsription service (who wished me a slow and painful death), I have had nothing but kindness from people. Thank you again for your very kind regards.
 
Quote from riskfreetrading:

We will see what it will do. First shot was made, and I am in at 66.05. If it goes up to 70 on Monday, I will decide if I should add more.
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MCD is at a 52-week high and has moved far above its SMAs. The majority of the time this acts as a bit of a magnet and the stocks pulls back at least a little before resuming an uptrend. Today, the OP can already take profits in pre-market, based on his/her entry price. Also MCD margins will be adversely affected by increasing food prices, making it more difficult to continue to post strong earnings.
 
Quote from daniel33:

You don't short this Risk, what you do is you buy a retracement.

Daniel
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I've lost more money buying retracements than I ever did calling tops. I think this 'common knowledge' is ultimately erroneous knowledge. (but maybe this implies i have a talent for identifying fundamental blowoff tops)
 
Quote from scriabinop23:

I've lost more money buying retracements than I ever did calling tops. I think this 'common knowledge' is ultimately erroneous knowledge. (but maybe this implies i have a talent for identifying fundamental blowoff tops)
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Tell it brotha
 
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