Lose to Win, Potash, POT, Don Harrold

Uploaded by: donharrold
Video Description:
http://www.donharrold.net

Tags for this video: Don Harrold Lose POT Potash to Win

Find more videos in the "People" category
See more videos uploaded by donharrold

Related Videos

Ron Paul Radio Interview Part 1	Commodity Stocks to Watch: Mosaic Co., Potash Corp. of Sask., CF Industries, U.S. Steel	Citibank, Bank of America, and, Fraud? Cuomo to the Rescue!

Oil, Gold, Dollar, The Fed, Don Harrold with Mike Swanson	The Great Stock Market Crash of 2007	The Federal Reserve, The Constitution, McCain, and, Clinton

Share This Video:

Comments for this video: Show || Hide

Comments for this video on YouTube

You shouldn't short ... ( 10 months ago by evgenykravchenko)

You shouldn't short based on just one indicator :) Use more indicators maybe? macd, and rsi, perhaps? Also, if you are a beginner avoid shorting because there is infinite loss, since the stock can against you by a factor of 2, or even 3, etc... Where as if you go long all you can lose is the amount you invested

Very impressive, ... ( 10 months ago by kakahead96)

Very impressive, you minimized your loss. Too bad you couldn't have been along with me and the rest of the Cramericans as my POT position is currently up a whopping 23%... although I must admit that all thats riding now are profits. Don't guess when you invest, let Cramer show you the way!!

KAKAHEAD96 - Love ... ( 10 months ago by donharrold)

KAKAHEAD96 - Love it. It's funny when a nut like you crows about one of Cramer's picks. WHich one of his disasters do you want me to bring up? You know, just to keep things even. How about GOOG from 700 to 490? How about BDK the other day from $72 to $68 in 2 days. HOw about his call to sell ALL TECH and then have tech lead the markets higher for a week? If you ever want to discuss an actual break down of Jim's picks, let me know.

EVGENYKRAVCHNENKO - ... ( 10 months ago by donharrold)

EVGENYKRAVCHNENKO - I did not short based on only one indicator. I looked at three things: 1) The move from Friday, 2) The sharp move from the open, 3) 1, 5, and 10 minute stochastics. Moreover, the positions were basically a break-even trade.

WILLIETRADER - Yes, ... ( 10 months ago by donharrold)

WILLIETRADER - Yes, stochastics was, as you say, "pinned". There are, however, just as many times when that works the other way. That's why I scaled into the position and recommended small lots.

RANDSEED - The idea ... ( 10 months ago by donharrold)

RANDSEED - The idea that you did not want to short a DAY TRADE position based on a "three day" downtrend being broken may or many not valid. My short was based on many things. The point is that I showed in this video how to trade out of a "mistake". With regard to stop/loss, I did not use a "stop/loss" I scaled into the position - clearly incorrectly, as the stock never gave me a "win" on all three positions. That's why I did the video: To show how you unwind a bad trade.

KAKAHEAD96 - I make ... ( 10 months ago by donharrold)

KAKAHEAD96 - I make to you the same offer I make to all Cramer apologists who boast about his picks that made them money: I will wager money on a contest where you buy Jim's picks and I trade any way I want for the next 30, 60, or 90 days. The winner of this contest is the one whose portfolio is up the most pretty simple. You name the amount to wager above $5,000. Either shut your pie hole or put your money where you mouth is. If you want more details, email me. If not, give it a rest.

wow such etiquitte. ... ( 10 months ago by kakahead96)

wow such etiquitte... I could go tic for tac with you and point out 3 good picks for every one of Cramers bad picks.. I could "enter your contest" lol.. Don.. bottom line... YOUR A CLOWN. Plain and simple. If I were you I'd move past your Cramer Aparthide now instead of 2-5 more years down life when you realize the futility of your efforts.. Keep your wagering money, heres some free advice, pursue your music career its all your good at.

KAKAHEAD96 - Yep, ... ( 10 months ago by donharrold)

KAKAHEAD96 - Yep, just the reply I knew I'd get. The: "I could take your challenge, but, I won't because..." LOL. Right on. I could not be the coward you are. NO way I could publicly back down like that. To have such little dignity must be hard for you. You are just another Cramer-lover who would rather throw out insults and red-herrings than put your money where your cowardly mouth is. But, that's what I expect. Not one of you has ever taken my challenge. Jim would be proud.

oh yes, I ... ( 10 months ago by randseed)

oh yes, I understand why you made the video... and it was a very good lesson for new traders who never want to exit a trade that goes the wrong way. I differ, philosophically, with you on one point: if a trade starts going the "wrong way" for me, I never pour more money into it.

don, thanks for ... ( 10 months ago by randseed)

don, thanks for drawing my attention to POT yesterday, I made $6/share today and even left some money on the table. when I realized it wasn't a very good short candidate, I played it long and it turned into a real cash cow!

Don, why didn't you ... ( 10 months ago by djpl8)

Don, why didn't you sell the out of the money calls when stochastics turned over and bought them back for a small profit when stochastics turned back up? Or, do you not trade options? Just wondering, keep them vids coming, I enjoy them.

Terrible advice ... ( 10 months ago by esebille)

Terrible advice shorting a stock showing such powerful technical and fundamental strength.

ESEBILLE - No. Not ... ( 10 months ago by donharrold)

ESEBILLE - No. Not "terrible advice". If you get 1, 5, 10, and 15 minute stochastics on your side, it's usually a good time to short. Note, that I covered for basically no loss at the precise time to do so before the big run. Note, also, that the purpose of this video is to show how to unwind a bad trade - which we all make from time to time.

DJPL8 - I could ... ( 10 months ago by donharrold)

DJPL8 - I could have done that. However, there are problems with that beyond what I wanted to show here. My purpose here was to illustrate one way to unwind a position that ANYONE could do. The options idea is one that not everyone can do, nor, is easy to explain if you're not an options trader. Great idea, though. Thanks for the comments!

RANDSEED - So happy ... ( 10 months ago by donharrold)

RANDSEED - So happy I could alert you to a way to make money. Or, something.

RANDSEED - I don't ... ( 10 months ago by donharrold)

RANDSEED - I don't "pour money" into a trade that goes "the wrong way". Many times I assume I do not know the top or bottom and scale in with small positions. This is a strategy I DECIDE ahead of time to do and is not an "after the fact, I think I'll 'average down'" type of deal. Averaging-down for it's own sake is a disastrous concept. Taking positions that you planned ahead of time for is another. And, you'll note that when the charts got on my side to cover, I covered ALL.

Don rule number 7 ... ( 10 months ago by esebille)

Don rule number 7 from Mr. Gartman....best of luck shorting stocks that have shown huge strength in an awful market.
7. Buy Markets That Show the Greatest Strength; Sell Markets That Show the Greatest Weakness: Metaphorically, when bearish we need to throw rocks into the wettest paper sacks, for they break most easily. When bullish we need to sail the strongest winds, for they carry the farthest.

WILLIE HELLO JIM ... ( 10 months ago by buyystocks)

WILLIE HELLO JIM CRAMER I MEAN WILLIE LOSER,HOW WAS nt,lu,dks,cpn,rad,lvlt,pwav,and all the other losers.

buyystocks Im ... ( 10 months ago by willietrader)

buyystocks Im sorry I trade futures So you must have me mistaken with someone eles.
Willie

YES my bad ( 10 months ago by buyystocks)

YES my bad

When we have ... ( 9 months ago by mongobobo)

When we have inflation like we do now most agi or commod stock is going to get you gains. POT is now at $170

pot= lot ( 6 months ago by KelferMookie)

pot= lot

There is no such ... ( 4 months ago by JoePipIsMyPip)

There is no such thing as over bought or over sold & teaching people to add to a losing position even with small size trades is not wise.

Tell a friend:

URL
Embed Code