StefanM 25 posts msg #130150 - Ignore StefanM |
7/29/2016 8:47:28 AM
Guys,
just a quick question as you are shorting stocks all day long: what are the risks of shorting stocks and holding them only intraday?
I suppose that takeover anouncements or other circumstances that may cause a short squeeze will be reported pre or after market, as well as regulatory changes. Or am I wrong?
Of course I already shorted stocks without thinking about that too much, but in case that I would open 2 or 3 short positions per day at the same time I maybe should think about it in a little more detail.
And about the uptick rule, as I understand I can buy stocks that I shorted before but at a higher than the last tick after a 10% drawdown. If I may be right with this?
I am ready to take a moderate risk, but I would not like to see a 20% spike up or something like this in one minute under the day while I am short, that is why I ask for it.
Is anyone in the mood to give me a hint on that?
Already now, thank you!
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StefanM 25 posts msg #130154 - Ignore StefanM |
7/29/2016 10:21:38 AM
Sorry guys, I did not want to interrupt your conversation ... hopefully you do not start a new thread now anywhere else ..... :-))
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Kevin_in_GA 4,599 posts msg #130155 - Ignore Kevin_in_GA |
7/29/2016 10:29:32 AM
PEN - short 300 shares at $68.543.
I will hold EXAS until tomorrow but no longer. I failed to take the early morning profit offered, and am kicking myself for it but that's part of the game.
++++++++++++
I actually doubled down on EXAS right near the close yesterday - short 2400 shares at an average price of $17.111.
Just closed out this one out this morning at $16.92 (net $450). Not the way I wanted or should have played it, but it worked.
my trade in PEN is up a few bucks. I set a limit order to close it out at $68.30 which should net me about $70 bucks. Very few shares trading on this one this morning.
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Kevin_in_GA 4,599 posts msg #130156 - Ignore Kevin_in_GA |
7/29/2016 10:33:30 AM
PEN trade closed for net $72.
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ThaGekko 139 posts msg #130157 - Ignore ThaGekko |
7/29/2016 10:39:45 AM
Kevin - any special selection criteria for this one? I see you didn't short CRYO, which was on the list
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Kevin_in_GA 4,599 posts msg #130158 - Ignore Kevin_in_GA |
7/29/2016 10:53:45 AM
CRY popped onto the list late so I had already mapped out my trades. No specific selection other than avoiding stocks that hit the list based on a merger/buyout.
Still testing this one out, to be completely honest. I like the basis for the trade (closing 2 days in a row above the upper BB(20,3)) as there is a statistical underpinning for a mean-reversion. Couple that with the typical emotional desire to take a profit on the part of investors (and algos) and it is a little safer in my opinion than trying to go long by reversing the code.
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ThaGekko 139 posts msg #130160 - Ignore ThaGekko modified |
7/29/2016 11:16:54 AM
makes sense. by reversing the Muddy filter comes to mind
Also, are you purchasing stock or buying puts?
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Kevin_in_GA 4,599 posts msg #130161 - Ignore Kevin_in_GA modified |
7/29/2016 11:21:28 AM
GTLS and OSK have popped up so far today from this filter. FYI.
@gecko - you can see from what I am reporting that I am shorting the stock rather than using options. Just personal choice - options can work well but I am more comfortable with trading stocks rather than dealing with things like the Greeks, time decay, etc.
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Kevin_in_GA 4,599 posts msg #130171 - Ignore Kevin_in_GA |
7/29/2016 4:07:19 PM
Entered the following trades from this filter a few minutes before the close:
OSK - short 360 shares at $55.154
HWAY - short 1200 shares at $16.795
SPB - short 160 shares at $129.011
IART - short 200 shares at $84.403
I am trying to be completely transparent on this filter and my real results in trading it. Not sure about holding over the weekend but these all looked good as potential short candidates.
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arimont 57 posts msg #130181 - Ignore arimont |
7/31/2016 3:40:26 AM
Sorry to nag but...
You run the filter near EOD, place the short orders, leave them overnight and kind of day-trade them the next day?
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