OilfieldTraderMar 02, 16 2:36 PM
That's a $30,000 position?
$203 Profit
XLITShort Stock
Entry comments: Reshorted accidentally as I was showing how to put in GTC orders on Interactive Brokers during my live http://tim.ly/sykesmc webinar LOL, I don't mind being short a pump on a bounce during the 1st crack day, I'd love to add to this position in the .90s, goal is to cover in the .70s later today or later this week, remember BPSR had 2 big legs down, so far XLIT has only had 1
Exit comments: Got a litte panic, but promoters are still holding this up and there's tons of support at .80 so I take my small gains and look to reshort on a bigger bounce, the http://tim.ly/sykestrades true morning panic will come, just not yet
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Broker:Interactive Brokers
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Position Updates
- Mar 02, 16 9:50 AM: Shorted 4000 at 0.872 - Reshorted accidentally as I was showing how to put in GTC orders on Interactive Brokers during my live http://tim.ly/sykesmc webinar LOL, I don't mind being short a pump on a bounce during the 1st crack day, I'd love to add to this position in the .90s, goal is to cover in the .70s later today or later this week, remember $BPSR had 2 big legs down, so far $XLIT has only had 1
- Mar 02, 16 2:17 PM: Added 8000 at 0.87 - Turns out I was just short 2k before, not 4k, had to deal with Interactive Brokers customer service for a while, but I just added 10k so now I'm short 12k total, trying to add more, but shares to short are tough to come by now that the chart is a multi-month breakdown, goal is to cover into more panic in the .70s or even .60s, see BPSR, another blatant pump, 1st down day the other day and then a 30% morning panic the next day as a guide, same http://tim.ly/sykestrades pattern as always
- Mar 03, 16 8:45 AM: Covered 12000 at 0.84 - Got a litte panic, but promoters are still holding this up and there's tons of support at .80 so I take my small gains and look to reshort on a bigger bounce, the http://tim.ly/sykestrades true morning panic will come, just not yet
| Date | Price | |
|---|---|---|
| Entry | 3/2/2016 | 0.8707 |
| Exit | 3/3/2016 | 0.84 |
- Total Views1,627
- Position Size12,000
- Percentage3.53%
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OilfieldTraderMar 02, 16 2:38 PM
Is that a $40,000 position?
MadbashMar 02, 16 4:00 PM
Hey Bro, 12,000 shares times .8707/share is less than $10,500 @louiscarbins. Plus it is a Negative position as it is a short sale.
timothysykesMar 02, 16 5:18 PM
@louiscarbins learn math
angeluisMar 02, 16 6:04 PM
@timothysykes is this in your small account?
timothysykesMar 02, 16 6:09 PM
@angeluis nope
Kebalamine1970Mar 02, 16 9:12 PM
Thank you for your great lessons! A great value for a beginner like myself...
jarteyMar 03, 16 9:33 AM
Awesome
1
OilfieldTraderMar 03, 16 1:12 PM
I understand but I was taking the $2.50 rule into consideration as well Timothy Sykes.
