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Yes I trade with high capital so trading the way I do and accustomed to is worth the time as well as legal of course. I'm glad you're positive with the way I trade and hoping everyone makes money no matter how they trade; being positive is always the best. You're a cool IHubber, keep up the good posts.
Snizzle, one doesn't have to be lucky to short a stock on a green day to make money. I make more money on my short flips than I do on my buying flips. Why is that? Where there is heavy manipulation there is always a vast field of short movement regardless of the indexes are in pos. or neg. A weak stock is easily manipulated. In turn, manipulation comes with an immense amount of what I like to call a skeptical investment cloud. This cloud is normally a bunch of weak hands that feed into short diving and are normally the same ones who entice a buyback once it completes a dip. During that time, covers happen which pumps a small run, the covers either continue to buy at this point or wait for it to top a candle just to short again. Now this can be done multiple times or just once. I normally have orders in multiple places so if it brushes a PPS like BAC normally does, I'll get covered and a buy order filled at the same time with my sale order already in .02 higher the moment it jumps to ensure another profitable trade. My short orders are normally .03-.05 PPS and buy/sell orders .02-.04 PPS. I do that around 10 times a day when I focus trade BAC because it's such a great swing trade.
I am hoping you are in the green like Kim and most likely Pup as we are all here to make money regardless of trading styles or preference. I do believe you know how to trade I just have a feeling you have a way of trading that isn't in line with mine which is totally fine; to each their own, however it's not about luck or being full of shit. It's about trading techniques and I've been trading this way for a very long time and have gotten very good at it. I'm sure you can find IHubbers who have seen a lot of my trades when I used to post technical analysis, what PPS to buy, sell, short/cover at, send emails, post my active trading, etc but don't do that anymore as I don't have as much free time on my hands anymore. I get on here when I can to sift through posts and throw one on here when I have some spare time but it's for the passion I have for trading not because I'm ego tripping.
Glad you are finally in the green; happy to hear that. As for me, I didn't trade this one today. I've been jumping on Tesla. Quick $1-$2 PPS flux's continuously today with an overall $5+ LOD-HOD. Lots going on there with the buyout, factory, etc. I don't like talking about other companies on other companies boards so I'll save the details. If you have the capital, it's a good one to play now.
I appreciate your positive comments about my trading. I find that I either receive applause and others interested to learn how I trade or complete bashing because they label me that I am part of the manipulation and never allow the stock to move how it should. My simple comments back to the latter is that I in all aspects and by no means can move a stock up or down. I do play with high capital but can't move a stock or at least this stock I should say. There is simply too much volume, pressure, manipulation to have a single or even multi person team move it.
I honestly find your posts rather refreshing and glad we agree on each other's way of trading. BAC has a lot of work to catch up on and until then, it can continue to swing back and forth while its hit like a piñata while we collect the money that comes out.
That is exactly what I've been doing and saying for months now.... Take advantage and play it. I've made thousands regardless of what the market is like. Trade the channel, it is the easiest money you can make. Short, buy, short, buy, short buy.
Did I not call that or what??? Some of you guys are too funny. Learn how to trade. I bought 500 at 228 in AH Friday. Added another 500 at 227.50 this morning in premarket and just sold my 1000 share block in between 229-229.50!
Adding more now. This should run up before the bell and at the bell. Don't see a solid reason trading under close with all indexes green and overseas markets green.
If that post was supposed to convince people to sell God help the people on this site! I did find it very humorous on a another note, haha!!
Play - Played*
Some - Such*
Had to correct the few grammar errors, damn IPhone likes to pick words before I'm done typing!
It's a great way to trade this stock. Play a quick short when it hit 14.98 earlier on Friday and covered at 14.93. I don't know how much you normally trade with but if you are playing with a decent block, .05 nets a good return on a quick intraday trade. After I noticed it not channeling as much as it normally does I started playing a few others Friday. I'll be watching this one again tomorrow being that it did break 15. Should be interesting to see if it holds bc a lot of the movement up was due to a short squeeze from some a dramatic PPS flux. Either way, I'll play it going up or down as long as a channel exists.
Bought 500 at 228. People you are selling into a dip that won't be here Monday! Thanks for the cheapies :)
Well made a killing today and glad I sold LOL May buy back in once this thing calms down
Sold 5K shares at 13 wish I held!!!
Thanks all :) Still had mine from under $8 Had a feeling it just needed time!
For*
Flipped this bad boy a few times in AH session. Should be a good one to play again floor row.
I've been waiting for everything to finally collapse. Indexes finally retreating back to more sustainable levels.
Should break under $12 any minute
I smell a negative day coming to NFLX :) Shorted more in AH yesterday.
Price targets are under what this thing is trading for. Should drop soon enough.
Shorting here. This should drop. Way too much negative surrounding it.
There's way too much dumping and shorting to be inside buying. Look at the sales throughout the days.
Shorting here, this will be dropping back down soon.
Thanks. I'll look into that, and as a note I do watch it minute/minute along with second T&S stats so I can see the order leverage. The last trade I did was when it broke out of the channel from the market reversing so I shorted at 14.38 once I saw some resistance at the 14.40 mark. I just covered at 14.33. I may play it again bc I'm assuming there will be a sell off before the bell as there has been almost every day this week but that depends on where the PPS is at before the couple penny fluctuation so I'll wait until 3:45 before I make a move, we'll see. Glad we're all doing well here.
Down she goes under the $23 mark. That's why I got the hell out this morning and shorted part of the way down. I already covered but wish k didnt. This thing went way lower than I expected. Hopefully no one here got stuck in the dive!
I've been playing the channel in and out and watch for a break either way. I will admit BAC is a good LT hold for anyone but I day trade so I don't go in anything for the long haul. In and out for quick profits with repeatedly shorting/covering and buying/selling all day every day with occasionally holding positions overnight. I agree it is a cash cow and this thing trades so obvious, it literally channels every day guaranteed in a .05 range. I short on top and buy on bottom. I've done it 4 times already today. Today's channel has been 14.20-14.25. Short at 24-25, cover then buy at 20-21. It will most likely break that channel at some point but normally doesn't move below or above .03 from the channel it's formed unless the market moves heavily or oil tips under LOD or above HOD.
Got out. Shorts look like they're going to bring it down at the bell based on activity right now.
Should be a slight bounce where I'll get out but I expect a short attack at some point so be careful if you are holding.
It'll bounce back up, not worried. The articles aren't even bad, let the weak hands out. I've seen this all too many times to give in to this and miss a bounce after its dropped a few percent.
Scooped some at 24.30 before AH session close. Thanks :)
Don't know what happened but a nice block was thrown down at 24.20 and 24.35. I missed them though :(
Called it man. Market is finally turning red and I loaded my account with plenty of shorts.
It did which is a good thing. Should be an interesting day tomorrow. Wondering if it'll hold above the 24.50.
This thing can't break 24.50 resistance! I have a feeling it's going to sink right before the bell if it doesn't clear that mark soon. It's failing every attempt it makes.
Waiting to see if she drops down to $24. Lots of shorting going on.
Love this stock today. It's been channeling from .60-.80 for awhile now. Waiting for a breakout in either direction.
Note *
I made my money this morning when it dropped below 14.30. Surprisingly the market is green. I'm waiting for the massive pullback bound to happen in the next few sessions. I expect one solid red day to entice a sell off for multiple days.
On a side not, I've been playing VRX last night and today so I've laid off of BAC for now. Fast money :)
Shorted more at 14.39. Market should be down today. The whole market is inflated. Should be seeing red soon enough.
Shorted this one again along with a few others in AH this evening. Market should be all red tomorrow. GLTA.