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Re: OT--dinners on PCG--OT I would not touch this with a 10 ft pole for a hold. I'm just trading the swings. So far, I've caught a bounce on each try. Yup, there is a risk of buying on the way down where it just keeps going down, aka a disaster. It takes guts, bucks and speed. Don't get greedy. Take your target when you get it and wait for another chance. He who fights and runs away lives to fight another day. I do best when I buy after a turn up. I usually get underwater when I buy on the way down I flipped this 3 times yesterday and 2 times so far today. Longest hold was 1 hour (thought I was going to lose on this one). Next longest is 14 minutes. Shortest is 7 minutes. Pre-tax, 10,397 for dinners this week on PCG alone. After tax going out once a week, I'm already good for the year but wife will start agitating for twice a week. PCG infected the utility sector. I own NEE and DUK. There was no reason NEE should have been down 3.5% yesterday so I bought some. Sold 'em this morning for 2.37%. Same with DUK....yesterday dinner trade for 1.18%. These two or NRE I'm more than happy to hold if wrong on a flip buy. Not so with PCG. If I have to eat a loss I'll eat it to be out before the trading day ends. Only reason I didn't buy NRE yesterday under 16 is overloaded position. Fidelity would have added 5% to it's margin requirement. Speaking of margin, PCG is no longer marginable at Fidelity. Learned that yesterday. All should understand I flip for fun and entertainment during what would otherwise be a long day. I don't need the money and can take a substantial loss without financial or psychological damage. I lost 23,000 on CLNY calls last year and it's just part of the game to me. 2018 was my best year ever for flipping thanks to NRE calls. Many financial professionals would describe some of my trading as reckless. If you can't afford the losses either mentally or financially, don't try to emulate my flipping. There are times I will post here what I think is a good flip-opp. Trade with me at your own risk. I do NOT bat 1,000. If you do and lose, your only consolation is I lost along side you because I never post one of those until I have acted on it. |
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Msg # | Subject | Author | Recs | Date Posted |
7595 | Re: OT--dinners on PCG--OT | pereirae | 0 | 1/15/2019 1:53:19 PM |