Quick note on yest. selloff. In my experience,
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Posted On: 10/15/2020 10:39:48 AM
Quick note on yest. selloff.
In my experience, many moons ago and lacking the wisdom of grey hairs, retail trading margin calls were forced upon me, typically near the end of the day, and always in market order fashion.
It's very possible someone(s) who picked up shares on the Fox interview hype were tapped on the shoulder by their broker when the stock moved against them and their shares were force sold by their retail broker in the market near EOD. I personally have flash crashed illiquid stocks when this happened to me and somehow selective amnesia hasn't blessed me with the ability to ever forget it.
Cdiddy - as for derisking a position, I'm personally of the belief that the only way to derisk a position is to own less of it (or hedge it directly with options). Making a quick buck trading a stock you know well is nice, but I never believe in "I'm playing with the casino's money", because it never is, it's always your money, at every moment in time...that's how the casino's win, they want you to think that the won dollar is less important than the earned dollar, it's not. I used to follow the fallacy of "I'm down on paper only", it's never paper money, it's always real. Having said that, it's still great that you played it well!
Long & strong, interim or not, multiple catalysts still remain, ability to raise $$ in the short term is there if needed, dilution can reverse itself once we are approved this year or next and revenue's start flowing...
In my experience, many moons ago and lacking the wisdom of grey hairs, retail trading margin calls were forced upon me, typically near the end of the day, and always in market order fashion.
It's very possible someone(s) who picked up shares on the Fox interview hype were tapped on the shoulder by their broker when the stock moved against them and their shares were force sold by their retail broker in the market near EOD. I personally have flash crashed illiquid stocks when this happened to me and somehow selective amnesia hasn't blessed me with the ability to ever forget it.
Cdiddy - as for derisking a position, I'm personally of the belief that the only way to derisk a position is to own less of it (or hedge it directly with options). Making a quick buck trading a stock you know well is nice, but I never believe in "I'm playing with the casino's money", because it never is, it's always your money, at every moment in time...that's how the casino's win, they want you to think that the won dollar is less important than the earned dollar, it's not. I used to follow the fallacy of "I'm down on paper only", it's never paper money, it's always real. Having said that, it's still great that you played it well!
Long & strong, interim or not, multiple catalysts still remain, ability to raise $$ in the short term is there if needed, dilution can reverse itself once we are approved this year or next and revenue's start flowing...
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