Comments on: OPTR – My Trading Teacher

By: RJ

RJ — Fri, 21 Nov 2008 20:44:31 +0000

skm,

I currently use TOS (ThinkOrSwim) as my broker and their software thinkDesktop to execute my trades.

By: skm

skm — Fri, 21 Nov 2008 19:53:47 +0000

Thought I’d catch you while you’re here, so here’s a question:

what software do you use to trade? I mean do you use a broker + analysis software? do you rely on your broker’s software only and such?

Thanks!!

By: RJ

RJ — Fri, 21 Nov 2008 19:47:13 +0000

zheng,

I agree that it was not a good idea for me to risk 60% of my capital on one trade. Though I knew that OPTR’s current prices are un-sustainable. And I kept holding on.

skm,
Yes, I did cover today. And the reason for large stake on OPTR? I was trying to ‘fix’ my position. Never a good idea. Overall, it was a very poor trade. I am lucky to come out of OPTR with a little profit.

By: skm

skm — Fri, 21 Nov 2008 19:02:37 +0000

2 hours ’till close it’s at 7.45 – hope you covered. I am also a bit curious on what made you put that large of a stake on this, without getting out – and without accepting the face that may get hit, and to do so while the hit is as minor. I know you were confident in this – but still…? it’s a pennystock you know..

By: zheng

zheng — Fri, 21 Nov 2008 14:06:35 +0000

Don’t you think betting 60% of your entire portfolio one just one stock might not be the best money and risk management strategy?
Do you have any stop loss (even a mental one) in place? What if Dow or SPX rallies big today and OPTR goes to $10?

By: RJ

RJ — Fri, 21 Nov 2008 05:35:58 +0000

Thanks Torello. I am glad that you like my website. I have put in decent effort to make it look the way I like. I am looking forward to what you come up with.

By: iL Torello

iL Torello — Fri, 21 Nov 2008 05:29:15 +0000

Wishing you lots of luck Ramta. I’ve been working on moving my blog to my very very own personal website…because I liked yours so much!I hope to get it all done soon.