woj37Nov 19, 15 12:21 PM
@Bdavid548 It's a short position. Not a long. Oh how I wish it were a long position. I would be buying rounds of shots. Sometimes profitly posts all new entries as longs, maybe that's what you seeing.
-$61,842 Loss
KBIOShort Stock
Entry: 11.17 - 10:35am - short after morning push then drop. After a perfect morning long position to catch both sides of the trade. chased it down to 1.70. pay attention to support, 1.90 would have been perfect, 1.70 is support. Now up to 2.15 and losing my ass. 11.18 - 9:30am - shorted 800 more. put in order before open at 2.02 for 800. Exit: just 9 min after close. Reality set in margin call at 17.23 to blow up my account. My face is numb, I can't catch my breath, read my blog post.
Broker:ETrade
| Date | Price | |
|---|---|---|
| Entry | 11/17/2015 | 1.824 |
| Exit | 11/18/2015 | 17.2646 |
- Total Views932
- Position Size4,000
- Percentage-846.52%
Copy and paste the following into your page or blog. If using WordPress, you must paste this in the HTML tab only:
AoxNoxxideNov 19, 15 12:24 PM
@Bdavid548 he shorted....not long
1
RaidonNov 19, 15 1:03 PM
Sorry to see this man! I respect you for being transparent tho, most trades would probably hide a 800% loss..
1
Arturas414Nov 20, 15 1:33 AM
Thank you very very much for sharing. Its a disaster i feel sorry, but keep going these kind of things makes us scared but brave man. Good luck!
Raylbc27Nov 20, 15 1:40 PM
Just nasty! I hope you rebound from this!
JoshRobeyJul 24, 16 12:02 PM
i remember this day man, i was short 1k at 1.95 this same day(check my trades) and covered very quickly when my risk was hit, slammed my laptop shut because of the loss and went for a short walk. when i came back, i get an alert from tim saying KBIO is at 9, by the time i can get my laptop open again it's at 18. best loss of my trading career. sorry to hear about this.
renopro123Aug 10, 16 1:08 AM
what that fuck... shorting is really risky.. dang
renopro123Aug 10, 16 1:12 AM
I am not good at this. but I think you just need it to wait a little bit for a crash.. to have less loss..
Barcode1337Aug 10, 16 7:06 PM
You will be the guy who makes it all back steady but surely. You will most likely hit a big win but will be reserved. I've always feared short selling because of this. My biggest struggle is having an open position at work and/or not waking up on time.
