KSK8
561 posts
msg #147816
- Ignore KSK8 |
5/17/2019 11:04:10 AM
mahkoh,
I'm up 13% right now on this trade. It would have been bumpy had I not gotten filled around the open. That's why timing is a huge factor.
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mahkoh
1,065 posts
msg #147817
- Ignore mahkoh |
5/17/2019 11:36:41 AM
Well, goes to show what I know.
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shillllihs
6,102 posts
msg #147857
- Ignore shillllihs |
5/21/2019 2:42:05 PM
It's obvious that if safe the system potentially is very profitable assuming shares were available and you could get out of a position. I would be interested if I knew more about it.
Questions I have are,
What is the absolute biggest spike you have ever seen a stock go up, not with your system but in general?
Would someone with no collateral be best suited to trade this, someone who has no home to lose?
And if they have nothing to lose, are they on the hook for anything?
Will they close out positions for you so it doesn't get real bad?
Can you set this up in an LLC?
Just too risky for me but could work for someone with nothing to lose.
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KSK8
561 posts
msg #147865
- Ignore KSK8 |
5/22/2019 4:18:36 AM
shillllihs,
1. When companies in the OTC market get rid of their convertible debt or engage in a reverse merger, typically, their stock will go parabolic, sometimes in the hundred's or even in the thousands of %'s.
VYST is a shining example that ran well over 1,000%.
2. Short selling microcap equities isn't for beginners, its for seasoned traders who have a high risk tolerance.
3. Not sure what you mean by 'on the hook'.
4. It's called a margin call and it could be avoided if you have enough equity in your account to cover potential losses or other conditions-depending on your broker.
5. Dunno.
GLTY
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shillllihs
6,102 posts
msg #147866
- Ignore shillllihs
modified |
5/22/2019 7:57:52 AM
What I mean by on the hook is let's say someone with no possessions who shorted 60k messed up and they ended up owing 200k, they can't come after them for anything more or would there be a judgement on them to continue to pay off their debt even though they're broke. Someone like that could just file bankruptcy I suppose.
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KSK8
561 posts
msg #147867
- Ignore KSK8 |
5/22/2019 10:52:17 AM
With most brokers you'd be stopped out before the losses exceed a specific % of your account equity.
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sandjco
648 posts
msg #147878
- Ignore sandjco
modified |
5/22/2019 7:40:49 PM
some brokers will also restrict your exposure to certain positions relative to your account size
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mahkoh
1,065 posts
msg #147949
- Ignore mahkoh |
5/29/2019 1:29:43 PM
Looks like ELTK is up at it again. You plan on playing it tomorrow?
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KSK8
561 posts
msg #147950
- Ignore KSK8 |
5/29/2019 1:54:18 PM
I've been watching it. I want to see how it plays out till the close before I make a decision.
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mahkoh
1,065 posts
msg #147961
- Ignore mahkoh |
5/30/2019 4:22:34 AM
ELTK , I don't like that it closed at a new 18 month high, could fill the gap from late 2017. And it traded 17 times shares outstanding, that is crazy.
I'm going to put in a limit order to short near 15.
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