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Nomad505

02/02/16 9:49 AM

#13367 RE: frankie_fillet #13366

Actually, bots are most of the volume in most stocks. Unfortunately, I don't understand their strategy or I'd probably be more profitable.

I was playing with the Google earnings last night. I figured it'd tank right after the close so I shorted 100 shares. Bold move... I could have been wrecked... I got a partial fill for about +$375 then the report dropped. I couldn't catch the wave. It rocketed up to $845 after the ER dropped. I tried to get an average up at $839 but missed it. Finally grabbed one at $818.

My remaining 18 shares that didn't get covered had me down way over $1000 at one point.

Managed to get about $675 on the trade.

If I'd been quicker I could have covered and caught the upswing.

Maybe I should be less daring next time and stick to the direction of the reaction...