Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (76049)	6/7/2002 3:27:43 PM
From: GTC Trader	Read Replies (1) of 99280

Zeev, Any advice for a part-time trader dabbling on the dark side? I shorted several of the Q on 5/15, not sure whether to hold them to the bottom (6/28?) or try to trade the bounces. On 5/23, I locked in some ~10% profits including VTSS from 6.50 to 5.84. Now it is at 4.25. I even settled for only ~5% on AMAT and it sky-dived the next day. Neither one gave me a re-entry, and I re-shorted a couple others at higher than I closed them. This morning, I watched the open, knowing it would be bad. I decided not to "overtrade" and instead hold the shorts until I see the eye whites. I could have taken good profits in the morning and then reshorted when they ALL closed the gaps (or close). Did I play this really stupid or was I just wrong this time? Should I close the shorts next Wednesday, or let them ride until 6/28? Your input would be of great help. Thanks so much! Not trying to be a pig. Just trying to trade smart! TIA - Ken

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