Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
This papa needs a fast contractual revision....you have to define "stuff" with teenagers.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
There are those who say that FB is forming a C&H (I think it was on CNBC Cramer or on wen somewhere); I'm not so suer about that...it could be.
But if you draw a trend line connecting the bottoms on 9/4/12 and 11/12/12, and then create a another parallel line and place it on the peak made on 9/19/12, you will see a channel that FB was trading in for a while from August 12 to 11/21/12. On 11/26 FB broke out of that channel. On 12/28/12 and 2/28/13, FB retraced and tested (the now support) that channel's top trend line. Price penetrated the trendline by a few ticks on both occasions but bounced off on both occasions.
Now if draw a third parallel line; you will see that it has acted as resistance on two peaks on 1/14/13 and 1/28/13, and creating a possible second channel (not confirmed yet). We'll see if the low of 26.34 on 2/28/13 will hold or not.
Excuse my rant here but I couldn't attach (don't know how) the chart with the trendlines shown to make it easy on you and myslf, but wanted to share anyhow
I am a beginner trading stock and options. I sold short 500 shares of facebook today (500 shares at 28.37) and bought to cover same day (The 500 postion at 28.10)
I felt very good about that!
The point now is, I feel the craving to sell short again at the current price (28.58), does it make sense? Something I am supposed to see on the today's chart that can tell me otherwise?
- Why do you want to sell that price?
- What is your stop?
- How much risk does that represent in terms of % of account?
- What is your target?
- In what scenario would you modify your target or exit the trade early?
- How long do you intend to hold the position?
1 Why do you want to sell that price?
2 What is your stop?
3 How much risk does that represent in terms of % of account?
4 What is your target?
5 In what scenario would you modify your target or exit the trade early?
6 How long do you intend to hold the position?
1 - Because it usually falls on the next day after going up that much in the previous one(+4.07%)
2 - My Stop would be 28.99 (+1.5 %)
3 - the position aquired is 30% of the account cash
4 - To Make minimum of 100 bucks
5 - If it hits the stop, if I need the whole cash account to do anything else
6 - After 2 days if it doens't hit 100 bucks, I would close it as long as I didn't get loss