tag:blogger.com,1999:blog-7138812688978974457.post6565739858964558399..comments2023-09-21T06:00:23.283-04:00Comments on Dinosaur Trader: A Nice Walk Through Some FireDinosaur Traderhttp://www.blogger.com/profile/05675466667593721085noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7138812688978974457.post-20808650647119569882008-08-07T03:18:00.000-04:002008-08-07T03:18:00.000-04:00DT I'm sure your getting shit for this, rightly so...DT I'm sure your getting shit for this, rightly so, but Let me tell you, this has happened to me numerous times, and I haven't been so lucky. You already know that. But the moral of the story is, I let these catastophic events happen because I was winning and feeling cocky leading up to the event. Instead of trading with my usual stops, I felt I could let the trade ride because I was up nicely onHPThttps://www.blogger.com/profile/12837046386348740840noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-88247072335755264002008-08-07T01:00:00.000-04:002008-08-07T01:00:00.000-04:00Now this is interesting in that you have a chance ...Now this is interesting in that you have a chance to explain what was going on in your head at the time- your reasoning process.<BR/>Now you're a seasoned trader that knows the golden rules not to break, but something that morning caused you to break those rules again and again...trading on gut instinct and adrenaline rather than cutting your losses at a predetermined loss value. <BR/><BR/>What Soullfirehttps://www.blogger.com/profile/09553112921402005563noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-54354388240937589612008-08-05T23:04:00.000-04:002008-08-05T23:04:00.000-04:00DT,I pulled up the CLF chart with pivot points plo...DT,<BR/><BR/>I pulled up the CLF chart with pivot points plotted and this is what I see.<BR/><BR/>The stock gapped down at the open with the open below the day's pivot point. Price then went up to 101.75, where it was stopped dead in its tracks at the day's pivot point, then it was nothing but selling for the first 15 minutes until price crossed S2 and stopped half way to S3.<BR/><BR/>From there,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-23638010393695329372008-08-05T20:07:00.000-04:002008-08-05T20:07:00.000-04:00it looks you just gamble without sufficient risk c...it looks you just gamble without sufficient risk control for a falling knife. there is actually nice pivotal line support and resistance in 5min chart for this stock.coolproptradinghttps://www.blogger.com/profile/12494320393182810062noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-28490145951984167562008-08-05T18:53:00.000-04:002008-08-05T18:53:00.000-04:00I'm glad to see this work out.Reminds me of my fir...I'm glad to see this work out.<BR/><BR/>Reminds me of my first week trading... except the stocks didn't come back.bloggerdotcomhttps://www.blogger.com/profile/09874154789084838194noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-76695599602818319232008-08-05T17:53:00.000-04:002008-08-05T17:53:00.000-04:00Obviously iam happy that you didnt blow up or even...Obviously iam happy that you didnt blow up or even lose money for that matter but you should never put yourself in that position again. Its not the way to live. Iam happy for you though, honestly.Jawbreakerhttps://www.blogger.com/profile/10500409520171562113noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-22679699365089263512008-08-05T16:51:00.000-04:002008-08-05T16:51:00.000-04:00well, I can at least tell you that a guy from my o...well, I can at least tell you that a guy from my office, shorted this pos 2000 shares at the open and covered it 2mins later with a nice 2pts or more profits.<BR/>C'est la vie...StockHunterhttps://www.blogger.com/profile/16847886697396573777noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-646555475800284182008-08-05T16:25:00.000-04:002008-08-05T16:25:00.000-04:00Yikes.Now don't do it again.I will not come to thi...Yikes.<BR/><BR/>Now don't do it again.<BR/><BR/>I will not come to this blog to read about the conversation you had with some putz over the water cooler while working at a cubicle farm.<BR/><BR/>Besides, if you blow up, I'll want a refund on my blog subscription and you won't be able to afford it.<BR/><BR/>Glad everything worked out.<BR/><BR/>But seriously, don't do it again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-50746600264637292082008-08-05T16:24:00.000-04:002008-08-05T16:24:00.000-04:00BD,I was the conductor on the train.There was no r...BD,<BR/><BR/>I was the conductor on the train.<BR/><BR/>There was no rational plan. But stocks don't just decline forever, and dropping 10% in 10 minutes isn't normal behavior. Other stocks in the group began to rally, and that gave me some gumption.<BR/><BR/>-DTDinosaur Traderhttps://www.blogger.com/profile/05675466667593721085noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-34702921766288078072008-08-05T16:07:00.000-04:002008-08-05T16:07:00.000-04:00Scary day, DT! Did you have a plan for when to pu...Scary day, DT! Did you have a plan for when to pull the plug, or were you riding that train to hell? I'm glad it turned around for you! Close call.<BR/><BR/>BDBluedoghttps://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-3566431238794433342008-08-05T14:25:00.000-04:002008-08-05T14:25:00.000-04:00OBAT, For the record, I started buying 100 shares,...OBAT, <BR/><BR/>For the record, I started buying 100 shares, than another 100, then 300... I started small and then things got a little crazy.<BR/><BR/>Tyro,<BR/><BR/>I actually feel lighter than ever. I think I broke through some fear that's been dogging me for awhile. I think everything is good here.<BR/><BR/>-DTDinosaur Traderhttps://www.blogger.com/profile/05675466667593721085noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-18595373599503705212008-08-05T14:17:00.000-04:002008-08-05T14:17:00.000-04:00I've never seen you like this before. Not just ig...I've never seen you like this before. Not just ignoring stops but the position size seems ten times bigger than normal. What happened?<BR/><BR/>I can understand that you may not want to go into this with us but I hope you do something to stop this. Maybe your office's risk manager could help.<BR/><BR/>Good luck man, don't scare us like that.Adrianhttps://www.blogger.com/profile/08694840174170043470noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-60021677407953590032008-08-05T14:15:00.000-04:002008-08-05T14:15:00.000-04:00That's some scary shit. These days I am afraid to...That's some scary shit. These days I am afraid to take anything larger than 300 shares in CLF if I ever trade it. The stock freaks me out. You got guts DT.OBAThttps://www.blogger.com/profile/00855870627073079524noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-60990553378552167762008-08-05T14:04:00.000-04:002008-08-05T14:04:00.000-04:00I started buying at $98.23... so believe me, my "s...I started buying at $98.23... so believe me, my "stop" was hit many, many times.<BR/><BR/>I dodged a career ending bullet. I hope I don't see another.<BR/><BR/>-DTDinosaur Traderhttps://www.blogger.com/profile/05675466667593721085noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-15973881494146874842008-08-05T13:49:00.000-04:002008-08-05T13:49:00.000-04:00wow, you dodged a bullet there. If I were in that ...wow, you dodged a bullet there. If I were in that trade, CLF would've went through my stop and THEN go back up for sure.Kishttps://www.blogger.com/profile/03884389356425327375noreply@blogger.com