{"id":43065,"date":"2016-01-29T12:09:15","date_gmt":"2016-01-29T17:09:15","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=43065"},"modified":"2016-01-29T13:02:58","modified_gmt":"2016-01-29T18:02:58","slug":"the-trading-mistake-i-made","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-trading-mistake-i-made","title":{"rendered":"The trading mistake I made"},"content":{"rendered":"<figure class=\"tmblr-full\" data-orig-height=\"801\" data-orig-width=\"968\"><img decoding=\"async\" data-orig-height=\"801\" data-orig-width=\"968\" alt=\"image\" src=\"https:\/\/40.media.tumblr.com\/a53ebfd6475800aa0c28619d574300a4\/tumblr_inline_o1q55anmpk1slheli_540.png\"\/><\/figure>\n<p>I called out a trader yesterday (<a href=\"http:\/\/mikebellafiore.tumblr.com\/post\/138228265882\/dont-make-this-trading-mistake\">Don\u2019t make this trading mistake in Facebook<\/a>) on a trading mistake and today it\u2019s my turn.<\/p>\n<p>Man I messed up in CRUS yesterday.&nbsp; <\/p>\n<p>And here\u2019s why.<\/p>\n<p>I missed this very important piece of information in Oppenheimer analyst Rick Schafer\u2019s note :<\/p>\n<blockquote>\n<p>As a result, Cirrus will obtain an average of about $5.50 for each iPhone 7 sold, up from about $3.50 for the iPhone 6 and iPhone 6+, the analyst estimated.<\/p>\n<\/blockquote>\n<p>Said another way CRUS is in position to experience significantly higher margins on their product suite.&nbsp; The Street loves companies that are positioned to make more per unit on their core business.&nbsp; And stocks that have a news catalyst like this behind them can trade very strongly in the short term.<\/p>\n<p>So I was trading CRUS.&nbsp; The market was selling off.&nbsp; And I kept shorting it and losing.&nbsp; Worse I couldn\u2019t understand the sharp spikes to the upside so my losses were larger than expected.&nbsp; For those interested in very insider baseball trading, one of the buyers in CRUS was very sloppy and was unexpectedly (to this trader) paying offers aggressively.<\/p>\n<figure class=\"tmblr-full\" data-orig-height=\"795\" data-orig-width=\"968\"><img decoding=\"async\" data-orig-height=\"795\" data-orig-width=\"968\" alt=\"image\" src=\"https:\/\/41.media.tumblr.com\/2dfec3da7ade7d4176df847ef14e2034\/tumblr_inline_o1q635dAzo1slheli_540.png\"\/><\/figure>\n<p>I missed it.&nbsp; I missed the key fact after earnings were released.&nbsp; <b>Margins were improving significantly.<\/b>&nbsp; This piece of information changed the way CRUS traded.&nbsp; I need to be better than that.<\/p>\n<p><b>Related posts<\/b><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/two-trading-mistakes-to-avoid\">Two trading mistakes to avoid<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/avoid-these-mistakes-most-options-traders-make-when-trading-weekly-options\">Avoid these trading mistakes in weekly options<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/one-mistake-your-broker-is-glad-youre-making\">One mistake your broker is glad you are making<\/a><\/p>\n<p>*no relevant positions<\/p>\n<p><a href=\"http:\/\/smbu.com\/premium\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-42776 size-full\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/11\/joinpremium.gif\" alt=\"joinpremium\" width=\"600\" height=\"300\" onclick=\"ga('send', 'event', 'Banners', 'clicked', 'SMBU Premium GIF');\"\/><\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>I called out a trader yesterday (Don\u2019t make this trading mistake in Facebook) on a trading mistake and today it\u2019s my turn. Man I messed up in CRUS yesterday.&nbsp; And here\u2019s why. I missed this very important piece of information in Oppenheimer analyst Rick Schafer\u2019s note : As a result, Cirrus will obtain an average of about $5.50 for each &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-trading-mistake-i-made\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":43066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[619,38],"class_list":["post-43065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-mistake","tag-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The trading mistake I made | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-trading-mistake-i-made\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The trading mistake I made | SMB Training\" \/>\n<meta property=\"og:description\" content=\"I called out a trader yesterday (Don\u2019t make this trading mistake in Facebook) on a trading mistake and today it\u2019s my turn. Man I messed up in CRUS yesterday.&nbsp; And here\u2019s why. I missed this very important piece of information in Oppenheimer analyst Rick Schafer\u2019s note : As a result, Cirrus will obtain an average of about $5.50 for each ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/the-trading-mistake-i-made\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-29T17:09:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-01-29T18:02:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/CRUS.png\" \/>\n\t<meta property=\"og:image:width\" content=\"968\" \/>\n\t<meta property=\"og:image:height\" content=\"801\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta 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