short EZPW

[Goods]

Just cut their EPS, got a small position in @ 16.62 short

[whodi]

just saw ur post, its already around 16.25, to far of a drop for me to chase but nice short

[Goods]

Thanks ~~ Tried to post it quick. Dropped fast.

[whodi]

Thats gonna happen here. Thats why I want to get a live forum for trading. I use to be a member of a respected site that did it years ago and it helped. That's one of the main components I want to put into my site. Its been done many of times, people post there own trades but once Myself and the group I am putting together can show the reputation. I think it I will have big chance in being successful. Speaking to a marketing company about this format now. It has to be 100% real time.

[Goods]

Live forum's the best way to go no question. Difficult to keep out the bs unless you're charging fees. Happy to spread the word once you're up and going. Keep in touch.

[whodi]

Originally Posted by Goods

Thanks ~~ Tried to post it quick. Dropped fast.

I like the fact that you said you are cutting back ur trading and concentratng on a couple of stocks at a time. This will benefit you tremendously in the future. I got to the point where I would own over 15stocks at a time. I could handle it but its hard work. I work out a lot and the motto in the gym works the same in trading. Work out slow to grow, instead of clowns throwing to much weight and looking stupid and can't control what they are doing. Pick a list of stocks you like and put them on a board that night for the following morning. Set alarms for each and narrow your list to your favorites and trade a few at a time and you will make more profits this way versus buying a lot of stocks and hitting on some and lossing the others and end up making a little or lossing a little. Slow to Grow.

[whodi]

Originally Posted by Goods

Live forum's the best way to go no question. Difficult to keep out the bs unless you're charging fees. Happy to spread the word once you're up and going. Keep in touch.

I will, it will be set up as a membership to keep the garbage out of there.

[whodi]

the 6 month chart looks like a perfect breakdown at highs. Been going sideways and turning downwards on top of the bad news. Perfect short here. Very nice work. Support looks like around 14.25ish from June 16th where that price was the breakout and it broke out of that price range on July 7th to current.

6 month

http://finance.yahoo.com/echarts?s=E...=EZPW;range=6m

[Goods]

Yep, had to learn the hard way how to see trading as a business. Had too much of a gambler mentality early on.

I stopped for about a month, reduced my account size to avoid impulse trades and forced myself to concentrate on why I'm trading. Hardest easy money there is.

EZPW looking weaker as the market moves up. Likely hold it overnight for now.

[Goods]

This looks to be the trigger:

EZCORP, Inc. (Nasdaq: EZPW) announced today that its efforts to acquire Value Financial Services, Inc. have ended.

[whodi]

Originally Posted by Goods

Yep, had to learn the hard way how to see trading as a business. Had too much of a gambler mentality early on.

I stopped for about a month, reduced my account size to avoid impulse trades and forced myself to concentrate on why I'm trading. Hardest easy money there is.

EZPW looking weaker as the market moves up. Likely hold it overnight for now.

Not sure how many shares you got and definitely not telling you what to do but taking some profits on this BIG downturn is not a bad idea. You get to lock in real solid profits and you still have a position out there to see how much lower it can run. Its always good to sell into runs and cover shorts on quick and big downturns, just an FYI because it is moving fast.

[Goods]

Small position but you speak the truth. Covered 1/3 @ 15.51 (+1.11)

[whodi]

Originally Posted by Goods

Small position but you speak the truth. Covered 1/3 @ 15.51 (+1.11)

[Goods]

Covered the entire position @ 14.19 on a trail stop this morning (+2.33)

[whodi]

Nice work.