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CRUCIFER
Joined: 17 Jul 2009
Posts: 49
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 Posted: Mon Nov 23, 2009 11:18 am Post subject: |
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yup... good luck tatawin bro... u're still my idol...  |
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E21
Joined: 15 Nov 2007
Posts: 1237
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| Posted: Mon Nov 23, 2009 11:02 am Post subject: |
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| Tatawin wrote: | Hi Bro E21 & CRUCIFER
In addition, the 1st 30 lots sold are due tomorrow. Usually I’ll not wait for last day last min to sell.
For this counter, not even think of I can profitable….the diff of 0.01 – 0.02 is still acceptable.
Hope the remaining which due on 26/11/09 can sell at higer bid. |
Yup. Forgot to mention your contra time-frame. Yes, waiting for last-min to sell is usually a sign of hope (not always a good thing). And it leaves you with fewer options, and less time to execute them.
All the best for your remaining 30lots. |
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zellion
Joined: 12 Aug 2005
Posts: 758
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| Posted: Mon Nov 23, 2009 10:13 am Post subject: |
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Are u applying Liu's logic to sell earlier to avoid further loss?  |
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changkong
Joined: 25 Jan 2008
Posts: 338
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| Posted: Mon Nov 23, 2009 10:10 am Post subject: |
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| 1st lot u buy at 725 sell 645 at least 2.4 K loss. ?? |
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Tatawin
Joined: 28 Feb 2007
Posts: 497
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| Posted: Mon Nov 23, 2009 9:52 am Post subject: |
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Hi Bro E21 & CRUCIFER
In addition, the 1st 30 lots sold are due tomorrow. Usually I’ll not wait for last day last min to sell.
For this counter, not even think of I can profitable….the diff of 0.01 – 0.02 is still acceptable.
Hope the remaining which due on 26/11/09 can sell at higer bid. |
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CRUCIFER
Joined: 17 Jul 2009
Posts: 49
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| Posted: Mon Nov 23, 2009 9:48 am Post subject: |
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| E21 wrote: | | CRUCIFER wrote: | | E21 wrote: | | Tatawin wrote: | Sold 30 lots Ying Li @0.645, loss = 1036.67.
Bal 30 lots.
Total profit as of today = 10813.04 |
Well-played to minimise loss. |
why do you say good play?? 645 is a very good support, selling at support?? not very wise... |
I said good play because original position was at 0.725. The move to average down near placement price was a good move, followed by the reduction of exposure at 0.645 (reduce losses).
While you may view 0.645 as a support, holding 60lots of this very volatile stock could be more exposure than Tatawin targets. Of course, now that the price is at 0.660, we could also say that in hindsight, Tatawin should have waited a little longer before selling. |
yea... to be honest... if i were in his shoes... my emotions would have gotten the better of me... i'm not holding 60lots... so i can say it easily... really need alot of discipline and courage...  |
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E21
Joined: 15 Nov 2007
Posts: 1237
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| Posted: Mon Nov 23, 2009 9:38 am Post subject: |
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| CRUCIFER wrote: | | E21 wrote: | | Tatawin wrote: | Sold 30 lots Ying Li @0.645, loss = 1036.67.
Bal 30 lots.
Total profit as of today = 10813.04 |
Well-played to minimise loss. |
why do you say good play?? 645 is a very good support, selling at support?? not very wise... |
I said good play because original position was at 0.725. The move to average down near placement price was a good move, followed by the reduction of exposure at 0.645 (reduce losses).
While you may view 0.645 as a support, holding 60lots of this very volatile stock could be more exposure than Tatawin targets. Of course, now that the price is at 0.660, we could also say that in hindsight, Tatawin should have waited a little longer before selling. |
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CRUCIFER
Joined: 17 Jul 2009
Posts: 49
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| Posted: Mon Nov 23, 2009 9:15 am Post subject: |
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| E21 wrote: | | Tatawin wrote: | Sold 30 lots Ying Li @0.645, loss = 1036.67.
Bal 30 lots.
Total profit as of today = 10813.04 |
Well-played to minimise loss. |
why do you say good play?? 645 is a very good support, selling at support?? not very wise... |
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E21
Joined: 15 Nov 2007
Posts: 1237
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| Posted: Mon Nov 23, 2009 9:08 am Post subject: |
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| Tatawin wrote: | Sold 30 lots Ying Li @0.645, loss = 1036.67.
Bal 30 lots.
Total profit as of today = 10813.04 |
Well-played to minimise loss. |
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Tatawin
Joined: 28 Feb 2007
Posts: 497
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| Posted: Mon Nov 23, 2009 8:44 am Post subject: |
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Sold 30 lots Ying Li @0.645, loss = 1036.67.
Bal 30 lots.
Total profit as of today = 10813.04 |
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