Yep and I know you understand that well, sorry of my post was a
bit strong. I had just responded to an email that came into
BPT support from someone who wrote in angrily saying they lost 20%
on OPK (and that was still on my mind) and that how that put into
question all the insider long ideas!
I had to point out the flaw in that logic -for example let's say
that we only put out trade ideas based off ascending triangle
patterns and something like this happened, would you then say"well
that now puts into question all ascending triangle patterns"?
Of course not as that's absurd, and the same thing applies
here too with the insider long ideas. It's just some random BS
thing that unfortunately happens from time to time when you trade
long enough. That's why you always need to do proper money
management via proper position sizing and stops so that when those
unfortunate random unlucky things happen, whey they are annoying as
hell they don't wipe you out. I think this individual may
also have placed a large % of their entire capital into the
position, which made it hurt much worse than it should have, and of
course didn't employ a stop
I'll also point out that RNET which was also discussed on Monday
along with OPK went up 29% for the week! while OPK fell only 18.1%
for the week! So if the same person had placed the same
amount in RNET they would have more than made back the OPK loss,
but again one should have been stopped out on OPK well before or
not in it at all
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Yep and I know you
opk kind of a crash
Posted by matt on 9th of Sep 2018 at 01:10 pm
Yep and I know you understand that well, sorry of my post was a bit strong. I had just responded to an email that came into BPT support from someone who wrote in angrily saying they lost 20% on OPK (and that was still on my mind) and that how that put into question all the insider long ideas!
I had to point out the flaw in that logic -for example let's say that we only put out trade ideas based off ascending triangle patterns and something like this happened, would you then say"well that now puts into question all ascending triangle patterns"? Of course not as that's absurd, and the same thing applies here too with the insider long ideas. It's just some random BS thing that unfortunately happens from time to time when you trade long enough. That's why you always need to do proper money management via proper position sizing and stops so that when those unfortunate random unlucky things happen, whey they are annoying as hell they don't wipe you out. I think this individual may also have placed a large % of their entire capital into the position, which made it hurt much worse than it should have, and of course didn't employ a stop
I'll also point out that RNET which was also discussed on Monday along with OPK went up 29% for the week! while OPK fell only 18.1% for the week! So if the same person had placed the same amount in RNET they would have more than made back the OPK loss, but again one should have been stopped out on OPK well before or not in it at all