<p>^ You’re amazing if you can trade options that fast</p>
<p>Some options I hold on longer. I checked my record, I made money in/out in one day for AAPL, NFLX, AMZN. All big stocks.</p>
<p>So what type of indicators do you use to determine when to get in and out?</p>
<p>I used to use volume and negative ticks. But in the last year, since I don’t have any investment platform set up yet. Negative news and traders bring the stock down. I also read SeekingAlpha to get an idea about news, like I let go of Tesla recently, there are several opinions. I read and decide when I get out or when I sense the directions are reversing, but honestly, I must say I’ve been mostly guessing. I also get out when I made enough money to worth my while but I do notice I left a lot on the table. But like you wrote in another post, you can turn a negative trade positive, that is also when I get out.
Sorry nothing clever here, almost Las Vegas gambling!</p>
<p>Many times the best trades are the ones we don’t do…</p>
<p><a href=“Digital Ally, Inc. (DGLY) Stock Price, News, Quote & History - Yahoo Finance”>Digital Ally, Inc. (DGLY) Stock Price, News, Quote & History - Yahoo Finance;
<p>“Volume and negative ticks” as combined indicators? Where is the tick indicator? I don’t see it in the upper and lower indicator choices? Or do you mean the chart is ticking down, sell, sell, sell? Green tick, buy?</p>
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<p><a href=“What Is a Tick in Securities Trading and How Does It Work?”>http://www.investopedia.com/terms/t/tick.asp</a></p>
<p>DGLY will keep going up up up until there are shares to short and I will start that short then. It will be a quick ride down. </p>
<p>I don’t think relying on the combination of a stock tick and volume is a good indicator to buy or sell a stock. For the best risk/reward, the stock has to set up correctly on the charts barring any momo or disappointing news before you step in. As for DGLY there was a short opportunity during the day but long rides were less scary.</p>
<p>@dstark – yes, definitely – If only I had thought to buy 1000 shares of DGLY on Aug. 18th (when it was priced @$4)— unlikely, of course, since I won’t buy stocks priced at under $10 due to bad experience in the past… but if I had it would have been a lovely boost to my Roth IRA. Or think how nice it would have been if I had picked up a few hundred shares for my grandson’s Coverdell account. But, alas, it wasn’t even on my radar…</p>
<p>I was kind of looking at DGLY the opposite way calmom because razorsharp talked about shorting the stock this morning when it was several points lower. I was responding to razorsharp’s post.</p>
<p>Razorsharp, you have had a lot of success shorting stocks when the short becomes available? So you check constantly? </p>
<p>Can somebody please explain to me the advantage of shorting a stock vs buying a put? All I see is the risk for shorting the stock being significantly more (infinite) compared to a very specific risk (cost of the put) with buying puts.</p>
<p>There are no puts in dgly. :)</p>
<p>Tsla looks like it is off the hard to borrow list. Is that correct?</p>
<p>lots of people short stock when there are puts, why would they do it?</p>
<p>More liquidity…maybe trade bigger sizes…</p>
<p>With some accounts you can get interest for selling short. That is not as important right now. Sometimes they are not really short. They can be long call options, spreads, Other option positions, warrants, a convertable bond, or a diifferent stock, or indexes, against the position of short stock.</p>
<p>@dstark – well, razorsharp’s lucky he couldn’t short the stock when it was lower. 
It’ll be interesting to see whether it drops a lot late in the week, or just levels out at around the I do my more active trading in the IRA accounts, I don’t have to think about tax issues - so I can’t short anything there. </p>
<p>Doct, you can buy puts. You dont have to short stock.</p>
<p>Calmom, I hate the tax issues.:)</p>
<p>I dont like to short much. I am almost never short. I am short 100 shares of intc for many points because I over sold my position by 100 shares. </p>
<p>We talked about trading in a way that fits the person. You mentioned the call spread position that worked for you and still didnt enjoy that trade. </p>
<p>I just prefer being long or out. </p>
<p>I worked closely with a friend that liked being short for very short periods of time. He did really well. He did. He would short stocks after a run.</p>
<p>So a stock goes up 10 bucks…he shorted it. It would drop 2 bucks. He would cover. Make 2 bucks. Then the stock would rally another 10. </p>
<p>I said to the guy, “if you were sick the day you covered, and did not cover, you would be down 8 bucks. Dont get sick when you are doing these trades”. :)</p>
<p>Well doct, if you can short scalp intraday why not? DGLY and GPRO had some momo juice last week. Late Friday, DGLY had positive news. <a href=“Digital Ally says camera inquiries up five-fold after Ferguson shooting”>http://finance.yahoo.com/news/digital-ally-says-camera-inquiries-222406648.html</a> So you go long Tues morning and enter an alert for your own price target. Then if it hits sell, if you like or you can keep it as an investment. </p>
<p>Look at the 1 minute chart of DGLY. See that tall shadow after 1 pm with high at 31.85? I see that as resistance. You can wait 2 lower candles for confirmation then short. You cover at a retracement price from 31.85 high based on your comfort level like maybe -38% or -50%. If you have time to baby sit the chart, you can flip and go long at that point until it hits the resistance 31.85. But wait and watch because it broke past that. Then luckily there’s the tall shadow again at 13:55 pm. Shorting time again… Disclaimer: I don’t know if this works for everyone. </p>
<p>“Doct, you can buy puts. You dont have to short stock.” Yeah I know - I just don’t understand why others would short stock. I buy puts and spreads all the time, such as in the other trade that you said you would do differently - the one I collected $1.40 for putting on the trade. :-@ </p>
<p>Yeah, the tax stuff is a mess to track and then IRS can come asking questions years down the line, plus there are all of those wash sale and hedging rules. I have to kind of factor in the value of my time spent with taxes.</p>
<p>I do my own taxes these days. I used to have a CPA, but he died a few years back. Unfortunately, he didn’t tell me that he was planning to die. I had sent him an email asking him to file for an extension and let me know if I needed to pay IRS anything beyond what I had already paid in quarterlies, then didn’t hear back and figured it was a done deal. Then it wasn’t done and I was scrambling to file in May or June. So now I just do it on my own. </p>