Guy your an idiot .You been saying sell fcx since 72.Day you said sell again fcx went up more than 4 points .So a day later it drops a few points and now your right .Hog wash your still anidiot missing the ride up fromm 72 to 108 .Now its 102 .Wow you were right on 6 points and wrong on 36 points.Guy your the idiot on the Yahoo message board .Go slink away fool!
I continue to be amazed at the ignorance on this board. Traders make mistakes all the time. The difference between them and an ordinary person is that they stop themselves out quickly if a trade goes against them. Guy Adami certainly did not ride his FCX short from 72 to 108. He probably stopped out at 80 or so. Then he can re-short at a higher level, which he apparently did. This is the kind of things traders DO.
Fast Money traders assume that people who watch their show understand certain trading fundamentals. Apparently, most people on this board don't know the basics. Too many opinions, too much bashing, not enough knowledge.
All I can say Daven is if I didn't have such a good batting average I would not have been able to retire at such a young age. Will share with you I am strongly opposed to diversification. In other words delution is not the solution! All diversification acccomplishes is lowering your annual ROI.