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by Gavin M.
This was the quickest trades I've done this summer and I love it. Soon as weakness happened at the open, grabbed the Puts soon as possible and it was a quick 30 cent scalp. Client saw huge and quick profits right out the gate as AAPL slid to $110.40. Sure, bulls will argue the bounce to 112.40 is more epic but they will never be able to compare to the speed and ease of the short trade at the open. So are you ready to improve your trading? Join us while the SALE is still ON! REALITY:
Peeps went long AAPL 7 days ago at $116. NOW: Still underwater at $113. REALITY: Peeps bot the dip at 2062 on Spoos expecting bounce. NOW: It's 70 points lower. People will never admit online or anywhere but a lot of them took a big hit when the markets tanked on Monday. Most of them likely took their losses and moved on. Not all of them will have the fortitude to actually jump back in long to enjoy the bounce. Those who brag that they did, they are 90% lying at this point. Let's do the math. Say you listen to the idiots over at Marketwatch and bought AAPL at $116. Last Monday or Tuesday, you were at 93 at some point then $100. You'd be down $1,600 on a 100-share investment. And I am sure just as human instinct would kick in, you would've taken your losses and left the stock. The stock then rallied, you thought you could buy in. Most likely you're in 106 or 108 for a long trade to try to recover your losses. Where does that get you? Your gains are only $400 as opposed to your massive loss at $1,600. This is the reality of 90% of retail traders. The ones on Twitter or on other social media are just bragging they somehow made some money but I never saw them praising the drop and making money off of that. |
Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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