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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?


To: advocatedevil who wrote (1474)7/29/2002 12:43:53 PM
From: Robert O  Read Replies (1) | Respond to of 13403
 
ot; AD and thread

congrats AD I see your 7/2 portfolio now into the green. As you know I used your basic techniques to go up over 40k in a month or so then gave it back and some in only two 'on tilt' trades that broke every rule. I will be active again Wen. with a reduced bankroll and skittish feeling. My question to you is it seems you were able to short in a negative market and win consistently. Was this mostly a function of waiting for each rise during the day then shorting as the buying slowed then proceeded lower while you had caught near the top short? In this current market it looks like Semis, AMAT for example, are in a decidedly bearish mode given TSMC news.

What strategy would you take here were you still day trading it, I mean in general terms? Short tops or long bottoms. I.e., has the negativity created a good bounce off all intra day bottoms approach or is it still in the short all tops camp. Obviously an attempt to do both is ideal but where will the bias be in the coming month from your studied radar?

There's also the idea of buying a longer term option then trading against the position kind of like you shorting against the box in a sense, though long position not really all 'yours.' I wish to Gawd I had 'regrouped' as you suggest you did in your post instead of knocking myself out of the game on a dream. That will never happen again in my career and I have enough to make another stand but a few more broken promises would mean disaster for certain. Thanks for any macro commentary/ micro discussion on the above.

RO

Ps. Another interesting strategy would be to buy the cube options long with a smaller put play same strike price. Then just sit back and hope for lots of volatility over 1 month, 2, or longer time period.