The Surf Report

[EPrado]

Quote from ghostzapper:

I guess i was alittle conservative on crox... just traded $60 in after hours.

Gotta love these guys patting smurf on the back. The guy has zero money mgmt skills...no risk management. Doesnt believe in stopping out a bad position. He basically does about everything wrong one can do. Talk about a candidate for blowing out an account.

Crox didnt show it's hand at all before earnings...stock is up in a huge down mkt before earnings. Didnt see this huge surge up coming.

They should show this thread to all new traders on how not to trade.

 

[JSSPMK]

-20% heat Surf is a lot ImO, what percentage of total net capital have you allocated to this position?

 

[Mvic]

So did you hedge your shorts in any way? Hopefully you didn't use RVBD like I did.

 

[ghostzapper]

Quote from JSSPMK:

-20% heat Surf is a lot ImO, what percentage of total net capital have you allocated to this position?

Yes it is. -20% losses is blow-up territory for most.

And despite his earlier post that proudly reads :

Quote from marketsurfer:

Continuting to hold all positions. doubled up on CROX short @ 51

you'll now here it was only a "small position", or the even more obscene:
"we're adding to it -- doubled up on short @ $60..will cover @ $20" !

 

[marketsurfer]

yes, taking heat on the crox position.....however holding at this time---fully expecting volatility, unfortunately it was in the wrong direction, but analysis still stands here, holding short.

surf

 

[ghostzapper]

Quote from marketsurfer:

yes, taking heat on the crox position.....however holding at this time---fully expecting volatility, unfortunately it was in the wrong direction, but analysis still stands here, holding short.

surf

you lose -20% in a position in minutes and you're only "taking heat" ?!

You hang around ET long enough and you here it all . LMAO !

 

[2006]

Analysis still holds here.

lol --- how can you say this with a straight face.

 

[HolyGrail]

It's the old "hold until proven correct" trading theory.

 

[marketsurfer]

Quote from Mvic:

So did you hedge your shorts in any way? Hopefully you didn't use RVBD like I did.

no, no hedge on these. however, will explore this idea--any specific guidance would be appreciated.

thanks
surf

 

[marketsurfer]

Quote from ghostzapper:

Yes it is. -20% losses is blow-up territory for most.

And despite his earlier post that proudly reads :

!

only those who don't position size properly. this is a volatile stock, fully expecting the volatility, continuing to hold CROX short
surf