Shorting , I know how tempting it was to short after a 20 point up
move , but hey live and learn . several years ago I would of made that mistake. after all the stock is up 20 points , it must go down right? WRONG . But as I said , experience is something that comes with a price and that's what it is for a lot of rookies that call themselves traders. Oh well , live and learn. It isn't all what it seams sometimes. Congratulations to us longs.
you are right
and if you look at the price action today on something like a 5 min running with a 20 EMA with envelopes that would normally encompass all the moves, you can really see how exceptional a day it was, with the candles spiking and running well outside the boarders and then taking practically the whole day to ever come back to the 20EMA.
even if you wanted to scalp short in the usual places, you would have gotten creamed
an exceptional day, extremely warped to the upside
I admit it here and now , I pawned my Rolex watch thursday of last week just to add to my position and support my options positions and as it turned out , by the time I wired the money Friday morning , Apple was trading around $ 510 or so. That's when I added. Thank You very much.