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Could this reflect traders abandoning ship by calculation (to free cash or bank short-driven profit) rather than mindless reset trading?

Posted by: DTXbro (a.k.a SenJohnBlutarsky) on Apr 19, 07:48 in response to QuebecHollywood's post I HATE reset traders this morning...namely for the one...

The cash isn't available until a short is covered.  Also, some folks may wish to take the profits and move to (ostensibly) more lucrative short-term returns instead of awaiting a three-week bleed-out.

In each of those circumstances, it isn't reset trading, but rather a calculated move based on short- rather than long-term prospects or goals.

I HATE reset traders this morning...namely for the one stock that is WAY up...that has no business being up, and secondly... QuebecHollywood Apr 19, 06:47

i agree with you about the one that is way up... OlegMaxYTD Apr 19, 06:55

Any thoughts about what delist mult it will end up at? Facto Apr 19, 07:01

I can tell this ...that movie will have an ugly 3rd & 4th week. Guillo Apr 19, 07:10

i think it would be lucky to do OlegMaxYTD Apr 19, 07:14

im usually in ur boat too with reset traders.... Dorfman Apr 19, 07:10

I'd say both are acting quite normal. If one wants to surf the daytrades, best get to know the various waves, and their rhythms... {nm} Facto Apr 19, 06:59

There was a lot of profit there. When you divest yourself of a short, you gain H$ to reinvest. In that case, the amount was fairly large and Catzan Apr 19, 07:11

That's why I sell/cover all my daytradings before going to bed and when I wake up a couple of hours at reset I just see the market trends.. {nm} krapnek Apr 19, 07:13

please tell me you don't wake up specifically for reset! {nm} ndmaster Apr 19, 09:12

oh wow i see now, that is way up... Dorfman Apr 19, 07:16

see roller coaster is already on its wa back up {nm} Dorfman Apr 19, 07:24

damnit... price going up so fast my tradeskeep failing. lol {nm} Dorfman Apr 19, 07:26

lost .50 cents a share trying to buy and it failing. lol {nm} Dorfman Apr 19, 07:28

You have to be ahead of the curve. You'll never make profit if you're playing catch-up! Commish can kill a smaller port! {nm} eyescovered Apr 19, 07:36

ur right... i been watching all morning, but having to trade on my cell now and guess it wasnt going through fast enough. {nm} WinstonMan78 Apr 19, 07:45

u get charged commission even if trade dosnt go through??? {nm} WinstonMan78 Apr 19, 07:45

No, no charge if trade doesn't go through. Thought you were saying that your trades weren't getting you profit. {nm} eyescovered Apr 19, 07:55

no no. every time i tried to buy the trade would fail causeit was rising so fast. {nm} Dorfman Apr 19, 08:02

Heh... Now that's easier said than done... There is no way of knowing exactly where the curve comes... Facto Apr 19, 07:46

Very true. What seems to work for me is sticking with your guns. A common reaction is to sell a falling stock, but that same stock may eyescovered Apr 19, 07:59

Yup. {nm} Facto Apr 19, 08:03

went out for a coffe and when I came back my profit was already lost :( hope this flip is worth it!!! {nm} krapnek Apr 19, 08:30

Eh, I use days like this to clean out the port a little bit (since I'm already in the red). Usually finish the day in the greem, though. {nm} eyescovered Apr 19, 07:26

Could this reflect traders abandoning ship by calculation (to free cash or bank short-driven profit) rather than mindless reset trading? DTXbro Apr 19, 07:48

I believe the one that fell this morning was due to resetters... not sure why though... Sir {nm} Dorfman Apr 19, 08:04

You do know that u are going to make the money back soon, else dump the stock next time soon after a great short to save yourself a shock ;) {nm} karspov Apr 19, 07:56

Day trading is the 4 legged Yeti of HSX. {nm} Scorpion Apr 19, 09:53





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