Quote from sfbayarea:
Thanks for your response. Sorry that happened to you.
http://www.geldpress.com/2008/09/proshares-biggest-counterparty-risk-us-government/
I see the gap. If you looked at the chart. It looked like it finished its measured moves upward at the beginning of the day. Then came a sharp bear drop with its measured moves down which was stronger than the move up. The bears looked to be in charge before the swan so to speak. Why would you be going long with it? I used to do that when I traded counter trend. Thinking the moves were over. It's just better to go with the stronger trend. If you were short SKF, you would've been ok according to the chart at least. But without shorting ability, then it's better not to be in that position. It looked like a morning gap like many other stocks that gap on the 19th. Also I've learned the hard way that holding overnight is dangerous. It's easy to say. Unfortunately I find myself scalping out consolidation points because I didn't like waiting for the expected bigger move. That's my fault.
Quote from sfbayarea:
Doesn't matter about the black swan.. Everything corrects itself when trading resumes anyhow and the trend resumes. Google the chart I mentioned. Until you can show me otherwise on a chart, I just don't believe you. I'm tired of listening to options stuff. Most traders don't do options anyhow. You're attitude is the worst of anyone here. I'm not the only person to say that. Lighten up and do something else with your day. If I lose, I lose. I'm the only one that would care.
You keep ranting about some stock halt but you still don't have any evidence to back up what you're saying. Your false claims about my scalps losses along with the black swan is all just trolling. No one else here cares about black swans. The only really bad thing would be if my broker's clearing firm was stealing money like MF Global. If you want to see a black swan, go to Australia. There's plenty of them there.
Quote from Redneck:
Donât be sorry â shit happens
================================
Btw â next time I place a trade.., (tomorrow for instance) why not give me some of your armchair QBing BRFORE I place a trade
Better stillâ¦, only need it on the trades that will lose.. not have⦠but will
eta - And you missed my point completely
Iâm out
RN
Quote from sfbayarea:
Riffraff,
PLEASE LEAVE THIS JOURNAL. You are a troll. YOU KEEP SPREADING LIES. First you offend me by saying I take losses on my scalps, then try to spread further falsehoods by saying that I would hold over night or hold those positions till they correct. Why would I hold over night? I mentioned numerous times (too many to count) that it's not a good idea since I got burned before. I just said most of the time, they will correct during market hours but NOT always for gaps after over night. During market hours if it happens, one will see a clue of a potential drop off before it accelerates (there would volume to show it).
Your Dendreon drop off is another example that can be seen on the chart. It had a huge spike up. When something goes up too fast too quick, it will come down. If it doesn't and wants to go up more, it just goes sideways for a little while before doing so. That Dendreon stock chart looks like those classic pump and dump charts that Tim Sykes talks about. Biotechs are also risky as everything is dependent on FDA review.
http://seekingalpha.com/article/350...-data-cell-genesys-and-antigenics-follow-suit
You're talking about "I don't get it".. You don't get it.. you don't talk to people in the manner that you do. People don't want to be accused of things they didn't do. That's fine that you give your advice and I appreciate everyone's input. If people don't want to follow it, it's up to them. It's their prerogative. That fact that you have an extremely negative attitude merely and act like an asshole because people don't want to do what you want them to do is offensive to everyone. In fact your attitude makes people want to do the exact opposite of what you're telling them to do. Please leave. I'm asking nicely.
Quote from Instynct:
sfba,
Why not just open up a futures account? You won't have to deal with the constant stress of your account running on fumes because of the pattern daytrading rule.
If your risk appetite is $100, that's 5 handles on 1 NQ contract, which is more than enough room for your stop or get out point.