-
Seth Golden posted an update 6 years, 10 months ago
Shorted small lot $27.80, looking for simple scalp. Not core addition
Who's Online
Recently Active Members
MarketWatch.com – Top Stories
- Have kids? You’ll need to make an extra $36,000 to reach true financial security. November 21, 2024Despite the focus on high inflation and interest rates, “a lack of resources, rather than unusually high costs, is the driving factor behind economic insecurity,” Urban Institute researchers said.
- Sam Altman says Trump could be a ‘visionary leader’ by backing AI infrastructure November 21, 2024OpenAI Chief Executive Sam Altman gave President-elect Donald Trump advice on how to accelerate the artificial-intelligence revolution at the FinRegLab AI Symposium in Washington on Thursday.
- Will mortgage rates and home prices go down next year? Your 2025 real-estate road map. November 21, 2024Will mortgage rates finally fall in 2025? And will it become more affordable to buy — or even rent?
I did the short the box thing. But with call spreads. Then bought Calls to hedge but with lower price. Been letting the long calls go 1 by 1 every little bit it goes up. First time doing it and I like it. It’s probably safer to do it this way.
Not sure it’s safer if you hold it overnight. But nice job! I just covered that scalp per my update! Good action even with a drawdown day to keep the portfolio with realized gains!
I’ve been covering my shorts in relative short periods (hard for me to hold a long term core), I consider the LOB strategy very similar, except it takes more MR, and you still need to time it at perfection, or you will see the profits diluting on one side or the other.
For me, just the fact that I need to think when to add or reduce my long is a distraction on the ultimate goal which is to profit from the short side.
I would agree with your comments Guillermo. We have a different operation as I manage a portfolio, demanding of me profits and to the extent I can actively manage strategies I’m obligated. But for individuals I certainly wouldn’t recommend the LOB, very difficult and needs precision timing.
I say safer cause it’s money I am willing to lose. Never intended to profit. Like my safety net. It’s still cost significantly less than the short. But now it’s more profit letting it go on a spike I did not expect.
All good!