shorting the jumping cat

heilbronner · Nov 5, 2003

Cover @74.73.

heilbronner · Nov 5, 2003

So this is a little $0.56 gain per share.

version77 · Nov 10, 2003

I bet you wish you had held CAT until near the close on Friday?

heilbronner · Nov 10, 2003

Yes and no. Profit would have been bigger in Cat, yes. But as I flipped in and out some other stocks profitable in european, US and asian markets with that money I don't care that much.

And: Never look back!!!

heilbronner · Nov 28, 2003

I can't resist. Once again short in CAT. Short around $ 76.09.

Cutten · Nov 28, 2003

Heilbronner - why not just wait a few days more each time you get the feeling to go short? You seem to get in a bit too early each time - perhaps this is related to your psychological belief of "no pain, no gain"? How about "more patience, less pain, more gain"?

heilbronner · Nov 28, 2003

Quote from Cutten:

Heilbronner - why not just wait a few days more each time you get the feeling to go short? You seem to get in a bit too early each time - perhaps this is related to your psychological belief of "no pain, no gain"? How about "more patience, less pain, more gain"?

Cutton- more patience, less pain, more gain... sounds good, but you have to make a decision.

If I would wait longer, I would definitely miss same trades and would hardly get an entry. I know that I often lack patience. but on the other side I consider myself to be a decision maker and a risk taker. IMHO someone who hesitates and is risk avers won't make it in trading.

Regarding my gains I'm totally satisfied. But if you can show me a way of less pain I will listen to you.

heilbronner · Nov 28, 2003

Once almighty B. Baruch was asked for the secret of his success.
He answered something like this:
I always bought too late and sold too early.

Vice versa is true for short selling.

heilbronner · Dec 1, 2003

Covered @ 75.81 with a small gain.

heilbronner · Dec 1, 2003

Quote from Cutten:

Heilbronner - why not just wait a few days more each time you get the feeling to go short? You seem to get in a bit too early each time - perhaps this is related to your psychological belief of "no pain, no gain"? How about "more patience, less pain, more gain"?

Hi Cutten,

as I'm always eager to learn something new, I would be very pleased to see how to make it with less pain. Could you please give the next call?