Did I goof?

Last post 11-10-2008 7:18 AM by samwham. 37 replies.
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  • 06-16-2008 10:24 PM In reply to

    Re: Did I goof?

     If your limit/short works a lot better  then look at ISRG.  A friend shorted with a limit/short the night before the $50.00 gap up. If he had used a short/ stop he would not have lost $89,000.00 real money at open the next day. Each have advanages & disadvanages.

    In real life use what is comfortable for you.  In the game work with what is available 

  • 06-16-2008 11:21 PM In reply to

    Re: Did I goof?

    for everyone who ans. and dont like short selling or covering, well  i have 9 stock in my portfilo most ever,   ALL SHORT   we have had 4  days of good up side on the mkt   my shorts have all lost money.     having said that,  with 4 good    up side days,   my shorts are all,  ONLY GOING DOWN A SMALL AMOUNT  EACH  up day.  if i played it right (i hope)  a good down market and i should  get a good pay day     good luck to all players            

  • 06-17-2008 1:28 AM In reply to

    Re: Did I goof?

    Bryden's Mom:

    Wow...I can't believe I actually know the answer to something.  When you put a limit on a short, that is the LOWEST price you will pay.  And when you put a limit on a cover, that is the HIGHEST price you will cover with.  It is exactly the opposite of buying and selling.  When you put a limit on a buy, that is the HIGHTEST price you will pay.  When you put a limit on a sell, that is the LOWEST price you will sell for.  Your transaction might not have gone throught the other day because when the price went up, it either exceded your position limit or your buying power.  You can look at "my order history" for clues.  I hope this helps.  Everyone else has been helping me. 

    Good Luck, James!  Glad you were able to write on my wall.  :)

     

    Good Answer, I just thought that your answer deserved repeating!!!!!!! 

  • 06-18-2008 2:57 PM In reply to

    Re: Did I goof?

    Good info, except the fact that the WSS system has lots of bugs still!

  • 06-26-2008 1:44 PM In reply to

    Re: Did I goof?

     

    Short F and GM ......buy USO
  • 06-26-2008 3:14 PM In reply to

    Re: Did I goof?

     

    There is so much blood in the streets today, you could short 90% of the shares and make money.

    Lots buying opportunities.

    Happy Stock Hunting To All

  • 06-27-2008 9:01 PM In reply to

    Re: Did I goof?

    it wasn't me . another James.james L with a t

    sorry

     

  • 07-07-2008 2:15 PM In reply to

    Re: Did I goof?

                            BRAVO !!!!!          BRAVO !!!!!!         BRAVO  !!!!!!!!!

     

  • 07-07-2008 3:35 PM In reply to

    Re: Did I goof?

    If I shorted everything in my portfolio instead of buying I'd be rich now!! lol

  • 07-10-2008 10:11 AM In reply to

    Re: Did I goof?

    When you short a stock you have to think the opposite of when you go long.  When you short a stock you make money when it goes down and you lose when it goes up so you have to set your stop loss above what you paid.  When you go long you set the stop loss below what you paid.

  • 07-14-2008 3:53 PM In reply to

    Re: Did I goof?

    it serves all you pessimists  right!!!  you shouldn't be shorting in the first place. bad philosophy. spread the love.

    happy monday ya'll

    sp

  • 07-16-2008 10:32 PM In reply to

    Re: Did I goof?

    THE LIMIT ORDER IS THE PRICE YOU WANT TO BY YOUR SHARE FOR.THE LIMIT HAS TO BE ABOVE THE LAST PRICE IT WAS PRICED AT. WHAT IS GOOD ABOUT THE LIMIT BUY OVER THE MARKET BUY IS THAT YOU CAN GET THE PRICE AT THE LOWEST PRICE. THE MARKET SELL AUTOMATICALLY WILL DO IT FOR YOU.BUT YOU WILL PROPABALY PAY 1TO2 DOLLARS MORE FOR EACH SHARE. YOU SAID YOU HADE A LIMIT ON THE BUYFOR 31.82 .AND IT WAS SOLD FOR 32.50. SHORT IS A SELL. I THINK IS THE SELL PRICE WHEN YOU REACH 32.50. ME3ANING YOU HAVE A STOP ON YOUR STOCK THAT WHEN IT REACHES A CERTIAN PRICE IT THEN IS SOLD AUTOMATICALLY AS A MARKET SALE. IF THE STOCK GOES FOR 31.82 AS A LIMIT ,WHICH WAS PROBABLY WHAT YOU GOTFOR IT AND WHEN IT HITS THE 32.50 THEN IT WHOULD BE SOLD. SO IM PRETTY SURE IT WHOULD BE THE SHORT BECUSE IS JUST FOR A SHORT TME.
    Filed under:
  • 08-01-2008 7:57 AM In reply to

    Re: Did I goof?

    i know how u feel. i put a limit on dell and i keep losing,when i try 2 sell it tells me 2 cancell existing order?????????? what existing order

  • 10-02-2008 3:17 PM In reply to

    Re: Did I goof?

     I wouldnt short to much theres going to be a big swing up here soon

     

  • 10-02-2008 4:16 PM In reply to

    Re: Did I goof?

    Depends on what you mean by Big swing. I still think the S&P wants to go to 1075

  • 11-06-2008 2:16 AM In reply to

    Re: Did I goof?

    If you want to make money in this market, you need to know how to short.  Stocks fall a lot faster than they rise, and this is where the easy money is. Study the charts, learn support/resistance levels, and don't fear going short. Set stop losses to avoid huge draw downs to your account,  and becoming discouraged. Losses are a fact of life, but keep them small and let your winners run, moving your stop loss with the price. You'll go broke being a full time bull in this market environment. 

    Money management is your most important tool in trading......

  • 11-10-2008 2:11 AM In reply to

    Re: Did I goof?

     Mom, I have a real stock account. If you want to buy stock short, it acts the same thing as buying on margin. When you buy the stock short, you sell so many shares. Then hope it goes down. If it goes down, the stock becomes covered (?) and then you can buy it back any price you want. I also asked them and they answered back this explanation.

    Got it, Mom?

    On your transaction, did you make it the night before. I f you did it the night before, when the market opens up, it tends to jump right over your limit price.. Don't forget, the overseas markets are open before ours are. These markets tend to dictate some difference in where our market closed one day and where it will open on the next. Unnderstand?

    Later, Big Bear 

  • 11-10-2008 7:18 AM In reply to

    Re: Did I goof?

    Well Said !

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