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.
Anyone else shorting the shit out of DJT?
- Thread starter Robert Mugabe
- Start date
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
yes sure looks like it
but if it bounces back it will be substantial move
just trying to cash in on that pull back when and if it happens
could be 20% move on a day
also I don't like shorting
maybe your way with options is good but I just do not know enough about trading options
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
DJT applied to sell more stocks which will dilute the price even more
I'm sure sooner or later they will charge Trump with something connected to this company
I'm sure sooner or later they will charge Trump with something connected to this company
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.
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
ya it filled the gap, although tbh i think it has more downside to the high teenslooking at a monthly and weekly chart does not look promising
NASDAQ:DJT Chart Image by WonderingBear
www.tradingview.com
NASDAQ:DJT Chart Image by WonderingBear
it really is simple
look at it this way
the stock price is falling
stock is trading at $9.00 right now
you can buy it right now for $9.00
but because the price is falling, it might be trading at $8.50 soon after you buy at $9.00
so you want something to indicate that the falling price is coming to an end at least for a short term
and that the price might go up a little
so your plan can be let's say
I want to see the price to go up to $10.00
that would indicate to me that the downtrend might be coming to an end
so I want to buy this stock but only if and when it reaches $10.00
I don't want to buy it now at $9.00
I want to see some bounce up first
otherwise the stock will just keep falling
$9
$8
$7
who knows how far it will fall
I need the stock to show me it's turning up
like a good girl, before I enter
of course you can do all of that all by yourself if you have the time to sit in front of the computer all day
but if not, you can make a bracket order with the buy price specified
before the market opens
that way you can go to work and not even look at the charts
and if the stock price goes up and hits $10.00
your order will trigger
and the broker will automatically buy you your shares at $10.00
if the price doesn't go up to $10 but instead keep going down to $8.00
your order will not get triggered and nothing will happen
but if not, you can make a bracket order with the buy price specified
before the market opens
that way you can go to work and not even look at the charts
and if the stock price goes up and hits $10.00
your order will trigger
and the broker will automatically buy you your shares at $10.00
if the price doesn't go up to $10 but instead keep going down to $8.00
your order will not get triggered and nothing will happen
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it really is simple
look at it this way
the stock price is falling
stock is trading at $9.00 right now
you can buy it right now for $9.00
but because the price is falling, it might be trading at $8.50 soon after you buy at $9.00
so you want something to indicate that the falling price is coming to an end at least for a short term
and that the price might go up a little
so your plan can be let's say
I want to see the price to go up to $10.00
that would indicate to me that the downtrend might be coming to an end
so I want to buy this stock but only if and when it reaches $10.00
I don't want to buy it now at $9.00
I want to see some bounce up first
otherwise the stock will just keep falling
$9
$8
$7
who knows how far it will fall
I need the stock to show me it's turning up
like a good girl, before I enter
I don't see any bounce. Just free fall. Easy short.
Joe Biden cracked a joke about this stock today. Didn't catch the punch line but the joke was about how fast it was sinking. Soon it will be too low to short.
