Sunday, March 14th, 2010

It Sucks to be a Trader!

Friday, June 20, 2008 at 11:36 am

22

2 weeks back, I had a nice position in (IPI: 31.54 +10.98%). I bought 20 calls around 0.55 cents, right now the same calls are trading at $13.30.

You do the math.

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Comments

22 Responses to “It Sucks to be a Trader!”
  1. Ron says:

    Agree, but is this market not too choppy not to take profits ?

    Also, Zanger picks winners maybe 35 % of time. (Your strike rate is astonishing 90% I would say) but he holds his winners for weeks and months and then margins, goes all in, banking insane coin, mind you, with less % of winners.

  2. dilligaf says:

    Lesson learned.

  3. RaginCajun says:

    I like WYNN short here.

    Hat tip OA.

  4. Sarah says:

    I agreed. I was there too. Though still had a great profit.

  5. Gregory says:

    I was in the same situation with IPI.

    If we knew the stock was going that high we would have both bought 2000 call options on it.

    Still sucks though

  6. Bluedog says:

    The question on everyone’s mind is… Did you hold them?

  7. RaginCajun says:

    Blue, I wish I did, I had a huge gain and took it.

    But had I held, it would have made my year.

  8. RaginCajun says:

    lol @ the market.

  9. oh well says:

    surprising fly hired you, no offence i mean, 20 calls up 13 bucks wud have made your year ? what your account size ? u allowed to daytrade? lol

  10. RaginCajun says:

    Look at VMW short.

  11. RaginCajun says:

    Oh well,

    turning $1,100 into $26,600 is not fun for you?

    i’ll take that anyday.

    multiply the 13.30 x 20 x 100

  12. Gunners says:

    VMW under 63.75 looks like a great short

  13. oh well says:

    fun, yes. makes year, no.

  14. Hybrid 08 says:

    SHORT HRB RIGHT NOW.

    BAD NEWS COMING

  15. Cajun says:

    Already in it, thanks to OA.

  16. Gregory says:

    I guess you are not too bullish on SOHU anymore.
    That one died nicely.

  17. Gregory says:

    What software are you guys using that you read these posts so quickly ?

    You seem to read them within seconds of the post.

  18. BOTD says:

    bought more AKS.

    big fight at $68 …. go LONGS!

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