Zog
Blackwing Lair Raider
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I hear this a lot and it really depends what kind of trading you do.
Sometimes you just gotta get what you can get and get the fuck out.
Investing General Discussion
- Thread starter Furious
- Start date
Sometimes you just gotta get what you can get and get the fuck out.
Sanrith Descartes
Veteran of a thousand threadban wars
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Shonuff
Mr. Poopybutthole
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All my trades are hotkeyed for profits of .1%, .05, .025 and .01, or a stop loss of 1%, on a stock with a volatility of 3-4%, on an OCO (one cancels the other) bracket order. I don't enter a trade without those parameters. I learned on PLUG that you have to protect yourself. Sometimes insiders do start selling off. I think I lost thousands on that one, when if I did my bracket order I would have capped it at 400. Sometimes something is wrong, and you have to take the stop and see what is going wrong. Insider trading is illegal, but it happens all the time. I think PLUG dropped 15% before any news came out (that they had Accounting irregularities).
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Shonuff
Mr. Poopybutthole
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The problem was I broke one of my trading rules. Best time to trade is between 8:45 and 10 AM CST. My trades just kept winning for hours, I didn't want to leave. For months now, I've been doing simulated trading, and I'm out. I sat there all day, even traded over lunch (bad time). I try to make 400-500 a day and then leave no matter what. Today, I refused to leave to my detriment.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
All I can think of at a time like this is... "It couldn't happen to a nicer company". Except maybe TWTR or GOOG.
Shonuff
Mr. Poopybutthole
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You know what I mean. I was answering his question.Next you are going to tell us naked shorting is illegal, too.
Big Phoenix
Pronouns: zie/zhem/zer
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Shonuff
Mr. Poopybutthole
- 5,538
- 790
$400-500. Has been mostly simulated trading on thinkorswim. Yesterday was the first time in awhile with real money. And it was a $2,500 day, except I broke my rule about trading for no more than 1.5 hours. For the last 60 days, when I make 400, I step away and do something else. Yesterday, I couldn't walk away. 100% I am to blame for not following my rules. I keep a log, anytime I'm sitting there trading pre market, or outside of that time range, I'm not doing well.
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Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Big Tech earnings shot their wad, AMZN pisses all over the party. Hangover incoming.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Shonuff
Mr. Poopybutthole
- 5,538
- 790
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Its one of my original core holdings. I moved in the day it plunged on the Allergan purchase announcement. Its been printing money every since. Its this rare hybrid of dividend and stock price.
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,451
- 107,488
AMZN 200 DMA is $3268 and lower support floor is $3182 for anyone interested in playing the dip. No technical support beyond that.