Quote:
Originally Posted by :::grimReaper:::
Just saw your post in the trading thread. I stand corrected. You closed your AAPL short for a 1% ($3) gain... nevermind that it went (7.5%) $13 against you. Great call! I'm sure if you didn't sell the short term low, you'd explaim "10 bagger" and make us think you bought weekly puts.
I guess if we wait long enough, the AMZN shorts you were supporting all throughout will become 2017 will become profitable to someday.
If you think I'm nitpicking, feel free to open a new thread with called "Tooth's trades". Don't have to post in exact real time.
Good God man, now I know you don't trade and don't read the trading thread. I have an amazing record for short term trades this year with nice returns. Lots of people followed along and made good money. And these are just the scraps I throw out.
I think the only thing I've ever sucked on is long term momo shorts - but they're long term. And even those have done well - for example the NFLX thread (which I recommended a long term ~1 year short which is 35% underwater) has a 140% profit short term options trade (entered and exited in real time) and another 100% profit long term options trade. Go read the thread, clown.
This cherry picking is just stupid. I've absolutely crushed in my posted short term trade recommendations this year.
Quote:
Originally Posted by turtletom
Let your losers run and cut your winners short.
George Soros aka "ts"
Have a feeling getting out of that short is probably not +ev either. Im going to guess this is a solid fade. Would never have shorted at that level though so could be wrong. Btw letting a trade run that far against you and the taking profits the second it turns green is almost always suboptimal. Classic puke.
It was a good short term short and a good cover. I'll walk it through for people who are interested and not functionally ******ed/incompetent traders like yourself. The market was puking and Apple was guaranteed to underperform and go into panic selling if that continued. Indeed, since the post, it heavily underperformed its peers, showing the shine has indeed gone off Apple (Apple is blue):
Two unpredictable things happened after the short: the fed pumped the market with multiple fed members making highly dovish comments. Then the Trump/Xi trade agreement happened and further massively pumped the market. You can see the effects on the other FANG. Despite this I held as Apple had a lot of weakness in it yet to shake out, and the Xi agreement started to look shakier.
Yesterday morning, China (who politically controls their own courts) gave a win to Qualcomm in their dispute with Apple, a win which bans iPhones with certain configurations from selling. This sent it down to $165, mostly on a misunderstanding of what this meant (Apple could still sell iPhones in China, just not an outdated iOS version). As this became understood, lots of buying started on Apple. This lifted the whole market strongly. The strength of that buying and the usual upcoming Christmas rally off these lows was enough for me to get out of the way at 1.3% profit. Apple is now 1.8% higher this morning, showing it was a great cover.
I pretty much nailed the trading of this - didn't do a freakout as it moved against on two massive market pumps, didn't cut it when it became profitable, but did cut in when it became obvious the short was going head into the red. As it is this morning had I not covered - It's $171.40 vs my cover at $168.8 yesterday which you think was bad. Dumb cucks are dumb. No wonder you need a wifemother to put food on your table.