Hi Paul A; Re: "KTEL was a thing of the past, and I highly doubt you will ever see anything quite like it"
I guess you were wrong. I just did.
Re: "I also never in my life heard of not being able to hold shares into the next day, unless you get called out which isnt going to happen with a silly momentum play.."
I guess you don't have much experience in stock trading, and don't know what "DTO" means. It means a stock is short for "day trades only."
Re: "She will print 16-17 on Friday morning before the open, and ill bet the market orders start piling up.. Theres just too much ra ra in this story and all the hypsters will be falling over one another to get their 'triple'.I would probably stil have shorted it if it rose 1-2 points on this news.. Its just silly, and thats where the most profitable shorts are to be found. Silly."
Ouch. Sorry to hear that.
I might as well put one of my traditional speeches about risk control here. This is directed at all traders, including myself. Never put more than 2% of your equity at risk on a single trade. This is a statement about where you have to put stop losses, not about how many shares you can put on, per se. Details of why traders need to follow this advice is in the book, "The Mathematics of Money Management." If you are currently hurting from a trade where you put too much on, pick up a copy, read it, and modify your behavior accordingly. Trading doesn't have to be gambling.
-- Carl |
