Author Topic: Cherrypicking & Tapouts  (Read 225680 times)

Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #45 on: November 13, 2015, 09:12:16 am »
12 November, Thursday

New high:

Sappi @ 6268
Naspers @ 215500

New low:

Mittal @ 480
Aveng @ 266
Assore @ 6601
Anglo @ 9642
ARM @ 4601
Exxaro @ 4900
CML @ 6320
Implats @ 3307
Billiton @ 19170
MTN @ 14117
Sanlam @ 5520
Kumba @ 4250
Nedcor @ 20765

Moving up:

Sappi +6.76%
Oceana +4.09%
TFG +2.65%

Moving down:


Mittal -16.72%
CAT -8.82%
Glencore -7.95%
Assore -6.62%
Anglo -6.56%
NET1UEPS -6.53%
Lonmin -6.42%
Efficient -5.81%

jaDEB

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Re: Cherrypicking & Tapouts
« Reply #46 on: November 13, 2015, 10:18:10 am »
SAP
jaDEB

If it scares you, it's a sign you need to do it

Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #47 on: November 16, 2015, 09:46:06 am »
13 November, Friday

New high:


Nepi @ 16200

New low:

Arm @ 4200
Exxaro @ 4711
Assore @ 6020
Omnia @ 13500
Shoprite @ 13455
Nedcor @ 20500
Murray @ 904
Sanlam @ 5471
Kumba @ 4180
Billiton @ 19057

Moving up:

MrP +6.31%
Nepi +4.45%
Sappi +2.90%

Moving down:

RBPlat -8.24%
ARM -6.80%
Capitec -6.63%
AVI -5.39%
Exxaro -5.36%
Sasol -4.81%
PSG -4.53%
Cashb -4.37%

jaDEB

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Re: Cherrypicking & Tapouts
« Reply #48 on: November 16, 2015, 10:02:29 am »
Sanlam
jaDEB

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Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #49 on: November 17, 2015, 09:50:57 am »
16 November, Monday

New high:

Advtech @ 175
Curro @ 4800
Oceana @ 11871
Resilient intraday 12480, closing 11860

New low:

Tongaat @ 10313
Angloplat @ 19500
Shorpite @ 13324, closing 13600
Nedcor @ 20216, closing 20959

Up:

Telkom +6.90%
Curro +5.75%
Tigerbrands +5.47%
ARM +4.52%
Netcare +3.95%

Down:

Tongaat –5.25%
Hudaco -3.38%

Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #50 on: November 18, 2015, 09:09:56 am »
17 November, Tuesday

New high:

FortressB @ 4237
Adaptit @ 1370
Naspers @ 219490
Curro@ 4808

New low:


Angloplat @ 18021
Anglo @ 9371
Kumba @ 4065
Billiton @ 18912
MTN @ 13201
Sunint @ 8500
Tsogo @ 2241

Moving up:


Fortrressb +6.73%
RMIH +4.90%
Shoprite +4.44%
Suprgrp +4.26%
Brait +3.92%

Down:

Advtech -10.59%
Arm -8.24%
Angloplat -8.10%
Anglo -6.47%
Glencore -5.72%
Kumba -5.67%
Pallinght -5.10%
Implats -4.65%
Anglogold -4.28%

jaDEB

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Re: Cherrypicking & Tapouts
« Reply #51 on: November 18, 2015, 09:38:37 am »
MTN

jaDEB

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Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #52 on: November 20, 2015, 07:53:23 am »
19 November, Thursday

New high:

Bats @ 83624

New low:

MrP @ 18400
Lewis @ 5262

Moving Up: 

Central bank repo rate 25 basis points to 6.25%
GFields +16.97%
Angloplat +12.38%
Telkom +9.01%
Invplc +7.28%
Assore +5.83%
Agnlogold +5.50%

Moving down:

MrP -9.00%
Lewis -3.64%

jaDEB

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Re: Cherrypicking & Tapouts
« Reply #53 on: November 20, 2015, 08:38:08 am »
Mr Price. - Graph

His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wife’s.
That’s where you come in. At least where Campbell desperately hopes you come in. Of course, sympathy in the trading community over such gaffes is typically in short supply.
His is a cautionary tale of getting caught on the wrong side of one of the riskier bets on Wall Street. When you’re long, the worst you can do is lose is everything. But when you’re short, everything and a lot more is at stake. He should have known better, no doubt, but you have to feel for this poor guy.
This is what apparently happened, as Joe explains in his GoFundMe plea.
“I was holding KBIO short overnight for what I thought was a nice $2.00 fade coming,” he wrote. “At the close of the bell I saw the quote montage clear out and figured today there was no action after hours in the stock. So I went to my office for a long meeting. I got out of the meeting and saw a message from one of my buddy’s, he asked if I was ok since I was short KBIO.”
OK he was not. Far from it.
jaDEB

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Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #54 on: November 20, 2015, 09:17:32 am »
Ouch.

Think it's bs though, he would have had stop losses in place or he's really really stupid.

jaDEB

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Re: Cherrypicking & Tapouts
« Reply #55 on: November 20, 2015, 09:58:50 am »
It is Greed I suppose, I once took a position on gold, I left the office by the time I got home it was zero value. The broker phoned me and told me I have R32 left. Told him to close my account and take the R32 and buy himself a coke & burger.... :TU:
jaDEB

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Patrick

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Re: Cherrypicking & Tapouts
« Reply #56 on: November 20, 2015, 11:04:09 am »
Ouch, how's that for a lesson. I see he raised $5000 on gofundme, still, a lot left to pay back!

http://www.businessinsider.com/joe-campbell-gofundme-page-for-e-trade-2015-11

Someone want to explain how you can lose more when you're short than when you're long? I always thought you could gear your longs and therefore also lose more than you have invested.

Orca

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Re: Cherrypicking & Tapouts
« Reply #57 on: November 20, 2015, 11:14:05 am »
Four years ago, I had a long on gold with no SL. I got stopped out by a margin call and lost my entire $10k. Strange why he did not get stopped by a margin call.
I started here with nothing and still have most of it left.

Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #58 on: November 20, 2015, 02:31:50 pm »

Someone want to explain how you can lose more when you're short than when you're long? I always thought you could gear your longs and therefore also lose more than you have invested.

Longs & Shorts are both geared - you 'win' quicker with a short 'cause people react quicker when things go bad, they pull the plug on emotion, so does the neighbor and so on an so forth - the whole house of cards come crashing down super fast.  I find longs tend to move up much slower.

If you don't have a stop loss in place and things turn against you, (doesn't matter long or short) it first eats up your trading account, then you move into the red (margin call) and it will keep on and on and on until you sell/buy (at a serious loss) - and for good measure, you have to pay whatever is owed before the next closing day. - serious stuff indeed.
« Last Edit: November 20, 2015, 10:38:07 pm by Moneypenny »

Moneypenny

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Re: Cherrypicking & Tapouts
« Reply #59 on: November 20, 2015, 02:33:15 pm »
Strange why he did not get stopped by a margin call.

Suppose he ignored their email.