It would take a higher high to get any short with half a brain to cover anything. You don't cover when its going down. lol Today is what shorts are waiting for. I have a few puts which are working out and not a huge position just saying that covering here would be the epitome of stupid.
Doesn't need to have anything causing it. The issue is, what is the catalyst for any further moves higher? Earnings done. Gigafactory announcements done. The reason its down is because there are more sellers than buyers. Which is what happens once everybodys in. Technically its breaking down at least short term. If it doesn't hold 235 it should keep moving down to fill the open chart gap.
my puts expiring next friday are up 28%. Not losing my shorts at all. You are obviously either clueless about TA or simply choose to ignore it
I cant tell you how many of you "watch and learn" idiots I've watched bury their life savings. trading definitions - "Watch and learn" means "rookie"
dollar cost averaging is a complete losers game. theres not the slightest sign of a bounce and you think its a buying opportunity. lol
today was completely options related. too much OI at 172.50 strike, mm's ran it down there then during the afternoon sell-off the 170's got gobbled up so it closed there instead. just your typical max pain manipulation.
when folks disagree with me or start bashing me, I just go away and make money myself. I couldn't possibly care less if anyone else makes money or not and if someone can't engage in intelligent discussion then screw it. TA isn't flawless since news events will always trump it but it works most of the time and is a great too for timing entries and exits. I will always trade charts rather than fundies only because I'm an in and out trader, zero interest in making a 14% return on the S&P over the last 15 years. lol
Post info on the other board, would like to check it out.
still don't understand why you would even care...
yea I get that... i just usually don't take a position until it starts moving, difference between the shares and options mindset.. I want the volatility! GL...
I'm usually trading weeklies and only on momentum, so expiration isn't an issue. Most of the time I'm out same day. I held on to the DDD calls overnight last week due to the v-bottom pattern, closed it the following day.
I only trade options, so I'm doubling or tripling on most trades with a ~%30% max stop. SO when I got a $3 pop, I had a 180% gainer :) but I def agree that theres no such thing as a bad profit.
I wont argue that but IMO putting up $120K+ of capital for a $5K-$6K return is too much. And thats assuming he shorted at the top and covered at the bottom. I'd rather short a $20 stock and scalp a buck or two than put up that much capital on a serious momo stock.
Well I said at the time that I would probably buy on dips rather than short, but how has it been a great trade? Its been trading in about a 3% range since then... hasn't broken below 115, and isn't really exhibiting any technical weakness?
you spend too much time and energy lecturing these people. let it go, they dont care