nibor100
1,103 posts
msg #147125
- Ignore nibor100 |
3/29/2019 10:43:22 AM
@ksk8,
1. It appears to me that you have the utmost in confidence in your latest shorting system, as at least twice in the first 7 trades the stock rose in price significantly after the open and you waited until it turned around and was profitable before you exited the trade. One reached a paper loss level of -41.8% and the other of -24.8%.
a. Does Centerpoint not charge Hard To Borrow Fees when the short is not held past the close of the day you open the short?
(from my research on the web it appears some other brokers don't charge HTB fees if the trade is not held overnight)
b. If a Hard to Borrow Fee is quoted at 100%, is it an annualized percentage that has to be divided by 365 in order to get the daily amount of fee being charged to you by Centerpoint?
2. It seems to me that when you have exited some of these shorts earlier in the day in order to claim available profits, you have a minimum acceptable profit percentage of 8%, meaning if it reaches 8% profit you're out, or you're out if it reaches a higher % before you can get out at 8%.
a. Am I correct in this assumption/observation?
b. Otherwise, do you have an early exit trigger that is not in your SF filters: perhaps a specific indicator on a chart, or a built in Stop that you are using?
Thanks,
Ed S.
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KSK8
561 posts
msg #147127
- Ignore KSK8
modified |
3/29/2019 11:40:32 AM
Good questions.
1. If my account can endure the volatility with a large % of my account still remaining then I can endure any %squeeze even over 100% as long as my account can sustain it. So essentially, going all in would technically have forced a margin call. Risk management is taken into account in case a squeeze transpires during the day. I've never been margin called and I've endured worse than 40% whipsaw before, so I have little concern as long as it doesn't spike like 300% (which won't happen).
a. Shorting any HTB security always has HTB fee's. Centerpoint's HTB fee's, however, are based upon the share count. For overnight HTB fee's, which exist, Centerpoint charges for them if you hold a short position overnight. They aren't too bad though depending on how liquid the stock is. But by default, I like to cover at the close of the day. I do my best to refrain from holding a short overnight unless I feel it is necessary.
b. HTB fee's are NEVER at 100% cost on days that spike up crazy, but on the days they start to fall the fees will start to rise- based upon the demand for the shares. For me personally, they only eat up < 2% usually because I short prior to the stock tanking since there isn't already a growing demand for them. Illiquid stocks with little to no volume do tend to get expensive with the HTB fee's. However, Shillhs has absolutely no idea what he is talking about when he makes those HTB claims. He's a lunatic who would make a great fiction novelist because of the number of lies he spews. His corner thread is empty because everyone is well aware he is a known liar.
2. As I mentioned before I do indeed watch the price action, and if it does not do what I immediately expect it to do then I will cover earlier when necessary. As for a threshold exit, I don't have any definitive % number, I play it based upon what the price does. But by default, I cover at the close because I don't like sleeping knowing I am holding a short. But regarding stop's, I am open to finding a good stop-out indicator, but so far what I have works well for me so I haven't bothered looking for one.
GLTY!
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olathegolf
119 posts
msg #147129
- Ignore olathegolf |
3/29/2019 12:06:53 PM
graftonian,
My preference is to keep the discussion to KSK8's shorting methodology. Otherwise, it's like throwing a bunch of different socks in a drawer and having to sort through the bunch every time to find a pair.
A separate thread for Option calls would make it easier to track that performance.
There's a lot to like about these Stockfetcher forums. One thing I don't like is all the chest bumping and testosterone fill posts that really have nothing to do with trading. They often devolve into personal attacks. I've seen good people run out of here and it's too bad.
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KSK8
561 posts
msg #147134
- Ignore KSK8 |
3/29/2019 4:06:53 PM
olathegolf,
You are forgetting something vital. It's Shills's toxic behavior which caused one of the biggest contributors of this website to depart. Everyone with a brain knows this. He pretends to be rich and elegant when he devotes 16 hours a day every day on an online forums making call-outs with modified next to them.
That will be the last I say on this thread about him going forward. Since this is indeed your thread I will refrain from deviating the topic in the future.
On the nicer side of things, the portfolio today reached a 92% net gain with only 8 trades. I'd like to see someone top THAT.
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olathegolf
119 posts
msg #147135
- Ignore olathegolf |
3/29/2019 5:13:04 PM
KSK8, thanks for your contribution to this forum. I don't think you instigated the exchange. I am just reminded about someone like Kevin who left and many have missed his contrubutions.
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shillllihs
6,102 posts
msg #147136
- Ignore shillllihs |
3/29/2019 6:07:24 PM
This guy is a fraud. The fact that you miss Kevin so much proves you're not capable financially and able to find the shares availabile to trade it. And you lack the guts.
You would double your money every two weeks and you would own half the world and you would not be needing to cry for help from Kevin, whom by the way was long XIV when he left, before tanking 95%
But anyway, fun stuff.
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olathegolf
119 posts
msg #147137
- Ignore olathegolf |
3/29/2019 6:14:46 PM
Poor shilllihs. You always show your true colors.
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nibor100
1,103 posts
msg #147139
- Ignore nibor100 |
3/29/2019 6:31:44 PM
@ksk8,
As part of your earlier shorting threads you had a rule about not shorting a stock that had a reverse split within the last 8 months, if I remember correctl; but a couple of your recent picks have had reverse splits within that window of time.
Are reverse splits not a concern for this new shorting approach?
Thanks,
Ed S.
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KSK8
561 posts
msg #147140
- Ignore KSK8 |
3/29/2019 7:09:42 PM
nibor100,
You are correct about what I said regarding reverse splits, but with my personal method of trading now-a-days I find them to be a useful component considering reverse splits are harmful to the stock; primarily because of the dilution prospect. But they still present a danger. Check the sec filings for the company to find about the reason there was even a reverse split. It is imperative to understand why it happened before deciding to go short. I can go into more detail about this.
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graftonian
1,089 posts
msg #147142
- Ignore graftonian |
3/29/2019 8:08:16 PM
Olathegolf, I'm outa here
Graf
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