It Sucks to be a Trader!
June 20, 2008 – 11:36 am
2 weeks back, I had a nice position in [[IPI]]. I bought 20 calls around 0.55 cents, right now the same calls are trading at $13.30.
You do the math.
22 Responses to “It Sucks to be a Trader!”
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Agree, but is this market not too choppy not to take profits ?
Also, Zanger picks winners maybe 35 % of time. (Your strike rate is astonishing 90% I would say) but he holds his winners for weeks and months and then margins, goes all in, banking insane coin, mind you, with less % of winners.
June 20th, 2008 at 11:43 amLesson learned.
June 20th, 2008 at 11:54 amDow looks good on the Weekly
http://img297.imageshack.us/img297/3107/diarb0.jpg
June 20th, 2008 at 12:03 pmI like WYNN short here.
Hat tip OA.
June 20th, 2008 at 12:36 pmI agreed. I was there too. Though still had a great profit.
June 20th, 2008 at 12:46 pmI was in the same situation with IPI.
If we knew the stock was going that high we would have both bought 2000 call options on it.
Still sucks though
June 20th, 2008 at 12:50 pmThe question on everyone’s mind is… Did you hold them?
June 20th, 2008 at 1:00 pmDie BIDU.
June 20th, 2008 at 1:02 pmBlue, I wish I did, I had a huge gain and took it.
But had I held, it would have made my year.
June 20th, 2008 at 1:05 pmlol @ the market.
June 20th, 2008 at 1:31 pmAMSC
June 20th, 2008 at 1:39 pmsurprising fly hired you, no offence i mean, 20 calls up 13 bucks wud have made your year ? what your account size ? u allowed to daytrade? lol
June 20th, 2008 at 1:43 pmLook at VMW short.
June 20th, 2008 at 1:43 pmOh well,
turning $1,100 into $26,600 is not fun for you?
i’ll take that anyday.
multiply the 13.30 x 20 x 100
June 20th, 2008 at 1:46 pmVMW under 63.75 looks like a great short
June 20th, 2008 at 1:47 pmfun, yes. makes year, no.
June 20th, 2008 at 1:48 pmSHORT HRB RIGHT NOW.
BAD NEWS COMING
June 20th, 2008 at 1:54 pmAlready in it, thanks to OA.
June 20th, 2008 at 2:14 pmI guess you are not too bullish on SOHU anymore.
June 20th, 2008 at 2:41 pmThat one died nicely.
http://twitter.com/RaginCajun/statuses/837965365
post on twitter when iBC was down.
June 20th, 2008 at 2:43 pmWhat software are you guys using that you read these posts so quickly ?
You seem to read them within seconds of the post.
June 20th, 2008 at 2:47 pmbought more AKS.
big fight at $68 …. go LONGS!
June 20th, 2008 at 2:48 pm