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Anyone else shorting the shit out of DJT?

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tastingyou

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Robert Mugabe said:
Seems like shooting rats in a barrel. Unless it collapses before you cash out....
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It seems to be easy enough as a short as the stock and the company is worth ZERO. But it is a MEME stock so that the gambling [ and often stupid ] American stock players could start this on a sharp upward trend again at any time.
 
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stinkynuts

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Robert Mugabe said:
Seems like shooting rats in a barrel. Unless it collapses before you cash out....
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I would never short any stock, no matter how shitty it is or sure you are. The risks are enormous. Trump has a cult following, and if he wins the presidency, it could skyrocket.
 
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Robert Mugabe

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Oddly enough I was losing my shorts.....so to speak. I sold them yesterday with a very modest gain. One was for April 26th. Strike price of $51.00. when DJT hit $30.00 a share I was only up 40 something percent. Was expecting more somehow.
 
TomFord1980

TomFord1980

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sprite09 said:
The merged stock started trading March 26, so I think that's a better starting point.
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Interesting. Tread carefully though, if they are using the stock to double as political donations to the Trump campaign, short sellers may get wrekt.
 
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sprite09

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JuanGoodman said:
options are tricky

from what I understand it's not worth it for most stocks to trade options
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Because it's complicated so you really need to know what your shit. And, the gains can come really quick, so people get too greedy.
 
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Robert Mugabe

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JuanGoodman said:
why sad man, did you buy it or not short it again?

DJT wend down yet again that makes it 13 days in a row with lower high each day

it sure looks like a falling knife or a falling piano :)

but it will rebound eventually



my set up did not get triggered today because the price did not trade at 33.10

so no loss and no gain

will try again
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my happy face was a confused look. not sad. I didn't quite get your strategy. I am not a sophisticated trader.
 
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Robert Mugabe

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Watching CNN. Apparently Trumptards who care, have sunk their life savings into this piece of shit and are willing to put more in if they can scrape it together to prop it up.
 
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Robert Mugabe

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JuanGoodman said:
simple strategy

I take today's high and low of the day and that gives me a range

for tomorrow I set up my trade to be triggered in only if the stock trades 1 penny above today's high

I want the stock price to break previous day's high to show me that there is potential move up

today it didn't happen

the price actually gaped down and didn't come close to breaking previous day high

so we didn't get triggered into the trade

so no loss
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Shorting the shit out of it seems like a simpler and more predictable strategy
 
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Robert Mugabe

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JuanGoodman said:
that's why you should always have a stop loss set up so at least you know how much you can lose if price goes against you

I used what's called a bracket order, every broker has it

it lets you set up a trade before market opens

you can set up exactly how much you want to pay for the stock

also your stop loss and profit all at the same time
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I have a stop loss on every stock I own right now because the market is fucked. I don't know that much about options, but this seems a no brainer to short. I just don't know how you would consider buying this on a stop loss. Good luck with that.
 
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Robert Mugabe

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JuanGoodman said:
not sure I understand what you mean by buying on a stop loss

I'm here only for the bounce, short term and not as a long time investment

I like it for short term because it can move 20% in one day

a bracket order is a combination of 3 different prices

I do not want to buy this stock now as it's falling

I want the price to go a little higher and brake previous day's high

that might suggest that the bounce is on the way

in order to do that I will place a "BUY STOP LIMIT" order at the price 1 penny above previous day's high

at the same time I will set a stop loss to go into effect only when my "BUY STOP LIMIT" order gets triggered

if the price never hits my set number for my "BUY STOP LIMIT", nothing will happen

my order will not be filled and that's it, no loss

but if my buy order gets triggered

then immediately the stop loss order will be activated to protect me in case the price reverses and goes down

in the same bracket order I will set a third price

that will be my profit target and my shares will be sold automatically when the price goes to that level

but the profit and loss orders will only go into affect when the "BUY STOP LIMIT" order triggers

if it doesn't

nothing happens
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