Sunday, 21 April 2013

Where is $AAPL going? - Tragedy

On March 4th, 2013 I tweeted saying this:










I was short in my account 2 friggin shares of $AAPL, that was a position size of $851.68, now that was back on March the 4th. I honestly did this just thinking "ahhh whatever" and whenever I do a "ahhh whatever" swing trade it always ends up working out. OK shorting 2 shares of $AAPL is kinda dumb and pointless, first of all the amount of money I am locking up is humongous for me. Second even if $AAPL went to 360 I would have pocketed approx. +$130 But sad old me let the shares go at around 430 because I knew if $AAPL broke above 430 it would do a small reversal for a while, the amount of risk I was willing to take in this trade was very little, so I got out with a -$10 loss. Now a month and a half later $AAPL is at about 390, this piece of shit is deteriorating, I wouldn't be surprised if it went to even 300 sooner or later. Nothing goes straight down, it will do its crazy little drama and continue to bleed.

My Trade Tickets on March 4/2013.



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