7/28/17 update. Greg exited the EBAY long at 2.30ish, the high for the day so he kept his loss to abouts 20%. No idea what he used to hedge this trade so I wil only log what he disclosed. He did say he was hedged to 10% of the long position. I could have taken that amount and doubled it "probly." So if you'd like to learn how to do it just let me know. :-)
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@joejustjoe you want an apprentice? I need a mentor
Not really. But I do already give out plenty of helpful tips everyday for free that will make you a MUCH better trader. Look at this blog on JCP that would have not only saved you from dizasta, but now I give you my take on the highest price you should pay for JCP stock if you are a long term investor. And that price is ALOT lower than the current price. Follow this thread for constant updates and you will at least learn some "basics." Then we can talk in the future if you wish me to teach you my very simple system of trading.
https://steemit.com/jcp/@joejustjoe/7-31-17-follow-along-as-alexmorris-and-i-try-to-save-j-c-penney-jcp-from-jeff-bozo-and-amazon