David Schrader's  Instablog

David Schrader
Send Message
Dave is currently working as an Account Rep at a prominent financial services firm in Manhattan. In addition, he serves in the iMentor program and is under contract with a startup hedge fund for use of an algorithm he discovered. Prior to that David worked as an Equity Associate at First... More
  • The Most Expensive Point 0 comments
    Sep 30, 2010 11:39 AM | about stocks: QQQ

    From reading investment and trading books over the past several years I've come to learn a valuable lesson time and again: the last point in a bear or bull cycle is the single most expensive point you'll ever chase. Yet for some reason I thought I had discovered the 'last point' in the bull move -> see my previous post on hedging/shorting. While I still agree it was the correct move it was certainly premature. Let the market tell you where it's going prior to making significant changes, unless you have a real edge in that particular situation.

    Lesson (hopefully) learned.

    Currently holding QQQQ Nov $48 puts. Looking forward to a multi-bagger on this one.

    Disclosure: holding QQQQ Nov $48 puts.
    Stocks: QQQ
Back To David Schrader's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • PPD ripping on only 2x avg volume
    Oct 25, 2010
  • PPD looks to be gaining support here... if you had taken profits when discussed, now may be a great time to re-enter the position.
    Oct 11, 2010
  • Lots of nearly parabolic movement going on... don't be greedy when everyone else is
    Sep 29, 2010
More »

Latest Comments

Most Commented
  1. Long Idea: CHBT ( Comments)
  2. Sell ( Comments)
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.