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lombardo141
lombardo141 Apr 26, 17 11:07 PM

Don't mean to be down on your success my man but i took a look at your short positions recently and although you won that is a lot of leverage. On one trade you bet 59k to make only 6k. Just be careful the market is a bitch recently and i have seen R/G action in seconds. GL my man.

Ramice06
Ramice06 Apr 26, 17 11:13 PM

Nice post, thank you for sharing. I am new also 2 months in, trying to be part of the 10%.

TheGrizzlyBear
1
TheGrizzlyBear Apr 27, 17 12:44 AM

@lombardo141 I dont use much leverage but that pattern i know VERY well and i added on the way down.. i was never in the red. if it started to go against me i would get out right away.

donebeingpoor
donebeingpoor Apr 27, 17 1:05 AM

Nice eye opening post. Please be careful.

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Palmer
1
Palmer Apr 24, 17 5:57 PM

In other words, they were selling into strength per the open also. Pre-market trading can be tricky. However, when you see huge volume coming in pre-market like $OPTT did this morning you can almost trade that time as a regular trading hours trade, if that makes sense,

Palmer
1
Palmer Apr 24, 17 5:58 PM

because there is so much volume coming in. Either get out right before the open or hold about 25% of your remaining shares to give it a chance to run more. But, get out on the first sign of a moning failure like this did.

TheGrizzlyBear
2
TheGrizzlyBear Apr 24, 17 7:48 PM

Probably becuase of all of the bag holders.. this tends to happen to stocks like OPTT, SPU, GLBS.. everytime these things have been spiking recently they just completely fail

BigBobby
1
BigBobby Apr 24, 17 8:02 PM

Thank you all for the info, clarifies much

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