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re: Trader shorts $35k, loses, then sets up gofundme

Posted on 11/19/15 at 1:21 pm to
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12507 posts
Posted on 11/19/15 at 1:21 pm to
Options aren't available for that stock.

ETA but in theory yeah, you're right. He should have.
This post was edited on 11/19/15 at 1:23 pm
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/19/15 at 1:23 pm to
I was assuming they were. I should have checked my back office first
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12507 posts
Posted on 11/19/15 at 1:23 pm to
I got a guy
Posted by TigerDeBaiter
Member since Dec 2010
10746 posts
Posted on 11/19/15 at 1:23 pm to
I follow some stocks, including $LABD and $LABU on stocktwits and remember this guy doing the same thing. He was always posting insane depressing things. Very sad.

Ouch
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/19/15 at 1:23 pm to
I am that guy
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12507 posts
Posted on 11/19/15 at 1:25 pm to
Me too
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/19/15 at 1:26 pm to
3/4/7/9/24/63/65...

You?
Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
47473 posts
Posted on 11/19/15 at 1:27 pm to
Would love to see Bilzerian offer to come to this guy's aid if he can come in his wife.
Posted by Artie Rome
Hwy 1
Member since Jul 2014
8757 posts
Posted on 11/19/15 at 1:27 pm to
An a-hole here in BR set one of these up to pay for his most recent DUI.
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12507 posts
Posted on 11/19/15 at 1:29 pm to
7/63/65

Will have 24 and 9 at some point in next 2 years.

4 FTW!!!! Would love that one. Can't get enough of options trading.
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/19/15 at 1:31 pm to
quote:

Can't get enough of options trading.
The crazy excitement (with other people's money) is in futures... FTW
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12507 posts
Posted on 11/19/15 at 1:31 pm to
I'm getting into that for myself.

Do you use TOS?
Posted by lsu13lsu
Member since Jan 2008
11842 posts
Posted on 11/19/15 at 1:33 pm to
quote:

Pretty sure unlimited losses are a known risk of shorting stock, or am I wrong?


You are correct and everyone investing in them knows this. It isn't a hard concept to understand. This guy is blaming E*TRADE which is hilarious and par for the course for Americans these days. He only wants to participate on the upside.

Also, when a company is sold after hours there isn't a stop that can be activated. There was no market for his shares except for a huge loss. E*TRADE cannot just unwind his investment at some fictitious market price.
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61818 posts
Posted on 11/19/15 at 1:34 pm to
Frickin oil futures busted my arse this morning, dropping below $40 when I was expecting a bounce.

Never thought of a go fund me.

5 contracts then doubled down @$40.54
This post was edited on 11/19/15 at 1:36 pm
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/19/15 at 1:34 pm to
TOS?

We have proprietary back office system.
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61818 posts
Posted on 11/19/15 at 1:38 pm to
quote:

E*TRADE cannot just unwind his investment at some fictitious market price.
Unless you are Hillary RC.
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 11/19/15 at 1:43 pm to
quote:

when I was expecting a bounce.



Why? What made you expect that?
Posted by Count Chocula
Tier 5 and proud
Member since Feb 2009
63908 posts
Posted on 11/19/15 at 1:50 pm to
quote:

Unless you are Hillary RC.
Cattle futures
Posted by RebelOP
Misty Mountain Top
Member since Jun 2013
12507 posts
Posted on 11/19/15 at 2:08 pm to
quote:

Cattle futures

Lean Hog
Posted by Bullfrog
Running Through the Wet Grass
Member since Jul 2010
61818 posts
Posted on 11/19/15 at 2:12 pm to
quote:

Why? What made you expect that?
It was oversold and against resistance. I was 65¢-67¢ too early.

But they took it down to catch the stops and reverse.

But I've recovered.
This post was edited on 11/19/15 at 2:17 pm
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