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I hit my negative stop loss. Looks like I will have to look at the mistakes i made on this one.
Yes and I need all the help I can get.
You're very welcome, would you care to discuss further trading strategies? I'm very interested in learning to short stocks and am novice to it. Also, have experience with buying stocks that are going up, but not down!
Shorted AMCC again at 24.75. I think every 100 lot share that came across the time and sales at 24.75 was sold by me.
AMCC hit my positive stop loss at 24.50
I would like to thank you for the subjection.
Shorted QQQ at 46.
Closed out QQQ short at 45.75.
Three point stop isn't bad unles you able to buy thousands of shares. My preferrence would have been to move the stop a little closer to the buy price, say less than 5% difference. Or if I bought at 26 put the stop at 27.30, just a thought.
I shorted AMCC at 26+ with my three point stop loss placed. I got this short idea from here
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=15734434
Just hit a stoploss on GOTO at 17.5 ish.
Yes I am and getting too close for me on my GOTO and AMAT shorts.
lol Morning Shannon, hope you're using stop loss orders!
muel
Shorted QQQ at 47.25. If somebody is actually reading this please do not follow my trades. Following this blond female may lead to a smaller trading account. vbg
Well that makes two of us, lol I have traded successfully in a bull market, but have yet to buy short. Since I see advantage to doing this I think I should be learning how! I'm a little fearfull of buying short because I know nothing of it! Something I'll have to overcome. Talk later, going to bed now.
muel
The only idiot on this thread is me and I need all the help I can get.
Hi Shannon,
I finally remembered my password so this is my actual Nick. I'll give you backround on myself. I was heavily into shorting during the internet run-up. I would short momentum plays that would run 50-100% in 1-3 days. I would just short the running for the exits. Anyways, showing my inexperience, I put all my eggs into one basket and finally was burned last year. I lost about 6 months of hefty profits in one trade. I felt so terrible I didn't trade since. But now, I've educated myself as per protecting gains and consistency. My first day trading again will be tomorrow. I've done some minor paper trading in the process. I like to play the momentum which ever way it might be so that means I'm willing to play a long position although I find it easier to call a short. I've crawled the internet searching for resources pertaining to shorting. There are not really any active forums or educational resources so it's great to see yourself and a couple of others using this board. I look forward to contributing on a daily basis. I don't want to interrupt your board though as you have mentioned that you use this board as a scrapbook. I finished reading your 25 points and couldn't agree with you more as per most of them. Unfortunately I'm still getting on my feet so I can't divvy up my money into 10 parts. I look forward to your input and would love to hear how you got into shorting.
RevGslick
Hello Shannon,
Would mind trying to teach an idiot how to short stocks? lol
muel
Hello ReverendShort,
I would like to thank you for posting on this thread and feel free to give us some of your ideas. The reason I started this thread is I thought it would be a good quiet place to start a trading jouneral to see where I make mistakes and make sure I do not make the same mistake again.
HI Shannon and Mr. Zone,
I'd like to introduce myself. Are you all willing to posting here more often? If so, I am also willing to contribute. This could be an excellent place to share ideas. I'm curious as to how into shorting you both are. I look forward to your responses.
Close this position at 9.50. I wish I have coverd early in the day. Going to take a small short position in GOTO above 15.
Shorted AMAT at 51. I am adding to a position I started Friday.
Hit positive stop loss at 35.40
QLGC short again , what the hell, 39.05, it's gotta pay
Sold RFMD 25.15
I took a big spanking, too.
I went long on RFMD at 23.88. I learned this from my past short in BTGC short and I will talk about my mistakes in BGTC. Also, thank Mr.Zone and Gator for posting your picks.
well that rate cut just kicked my teeth in on myshorts OUCH!!, thx greenie.
SPWX average is a papered average for me from intial short , I have only one position at 13.50 and will set stop at 14.50 and may box it if it runs
AMZN sold 16.05 from 14.40
JDSU sold 22.20 from 20.25
QLGC short 34.20
AMZN looks to break above 16, waiting for a break to sell
ORCL sold 17.13 from 16.30
SPWX added short 13.50 average now 12.60, taking profits on longs here and going cash for a bit
AMZN -- I am holding my short through next week's earnings conf., I think they will have to fess up to bmv not growing, also will be interested in seeing current liabilities.
I am very late reporting that I covered RIMM at 26. Also, I shorted BTGC at 6.20
market showing abnormal strenght off the open i wouldn't be surprised to see some buying today, lots of oversold dogs out there, but many overvalued pigs around though
SPWX covered 11.75 from 11.65 average, same thing, potential squezze candidate, will hit higher
JDSU long 20.25
QLGC ate my stop at 32.50 from 31.15 short... will hit again short later, lots of plays gonna squeeze today i think
AMZN long 14.40 for a daytrade
covered AMZN flat at 14.35 although it should be a permanent short it seems flooded on the short side and will likely move up further if this market turns, i may trade it long from here with that in mind, should be able to short it higher i think
Going to close out FNSR around 9.5.
HIT QLGC short again 31.15
SPWX added 12.10 short average 11.65, market may spike a bit this afternoon, but looking to add on shorts and trade out of ORCL long
Shorted RIMM again at 27.
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