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Another entertaining thread from elitetrader... I especially like the story of Rearden Metal being down 1.5M$ on the day, recovering 1M$ off the bottom...
Forums - Biggest day ever
as for myself...
Best day: XNPT got FDA approval a while back and gapped up 70% (sold the next day for 314K$ profit on the 2 week swing trade)
Worst feeling ever that actually turned into a positive day: AVNR bear raid on the day of the FDA approval decision... stock dropped from 3 to 1.25 in the space of 5 minutes and I was down about 150,000$ in 5 minutes. I managed to not panic, added slightly more, and held until FDA approval that evening. Made 192K$ on that one when it gapped up to 5$+
Worst swingtrading loss: 6 months holding a colon cancer stock, lost 300K$ when I finally sold out (50% of position).
If I had been leveraged on those losses I could have been wiped out, which is why I never borrow money to buy any stock positions...
g
Forums - Biggest day ever
as for myself...
Best day: XNPT got FDA approval a while back and gapped up 70% (sold the next day for 314K$ profit on the 2 week swing trade)
Worst feeling ever that actually turned into a positive day: AVNR bear raid on the day of the FDA approval decision... stock dropped from 3 to 1.25 in the space of 5 minutes and I was down about 150,000$ in 5 minutes. I managed to not panic, added slightly more, and held until FDA approval that evening. Made 192K$ on that one when it gapped up to 5$+
Worst swingtrading loss: 6 months holding a colon cancer stock, lost 300K$ when I finally sold out (50% of position).
If I had been leveraged on those losses I could have been wiped out, which is why I never borrow money to buy any stock positions...
g
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