If you think it's not a good time to go long equities then why are you looking to go long?
Buy High Sell Higher (Equities)
- Thread starter Sekiyo
- Start date
That's confusing. You stated in your early post that you believe the market to further soften. Why would you then look for long positions? Why not actually trading on the short side?
Yes it’s stupid.
There’s money to be made on the long side while in a bear market but the risk is higher and the rewards are lower.
Most of the long only get into cash.
I need to find and practice a short setup. I don’t want to short inconsistently on random occasions.
Cash is a position. Very little downside.
Still some stocks making new highs.
Cut back on position size and scale into positions with a tight stop.
Agree with everything you said.
When I am in cash I pray for the stock market to crash
My biggest gainers have been short momentum bursts on the 65min. That’s the main setup I trade when in a broad correction.
Size wise I risk 0.5% and buy more on higher lows if it doesn’t increase my initial risk.
Also I should avoid buying too much at once. Better trade one or two stocks at the same time. Wait for them to be in the money, above a break even stop, before hunting for another position.
What scares me are Gap Downs … Below stops.
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Thanks for the information.
Stopped out of RYTM (-0.05%), AXSM (-0.23%) and BLUE (-0.01%) around open.
Some alerts triggering SOND, CRDF
Not buying anything else at this point.
Indexes are still bearish on the hourly, daily.
Stopped out of GERN (-0.74%)
Bought ISEE pullback, intraday trade on 5min (0.35%)
Worst day been -2.2%
Best day been 4.1%
Today: -2.2%
To avoid being over exposed in an uncertain market,
A quote from Battle for Investment Survival:
Start with a large cash reserve;
Begin in one issue in a small way.
If it does not develop, close out and get back to cash.
If it does do what is expected of it, expand your position in this one issue on a scale up.
After, but not before, it has safely drawn away from your highest purchase price, then you might consider a second issue.
Stopped out of VRCA (-0.35%)
Tough day
For intraday trading,
Looks more interesting to look at % Change from open.
Because many time stocks Gap up then the volatility drops.
It doesn't bother me to take a loss.
But I don't want to dig too deep a hole neither.
Open position RVPH
Statistics
Scoreboard
Some alerts triggering SOND, CRDF
Not buying anything else at this point.
Indexes are still bearish on the hourly, daily.
Stopped out of GERN (-0.74%)
Bought ISEE pullback, intraday trade on 5min (0.35%)
Worst day been -2.2%
Best day been 4.1%
Today: -2.2%
To avoid being over exposed in an uncertain market,
A quote from Battle for Investment Survival:
Start with a large cash reserve;
Begin in one issue in a small way.
If it does not develop, close out and get back to cash.
If it does do what is expected of it, expand your position in this one issue on a scale up.
After, but not before, it has safely drawn away from your highest purchase price, then you might consider a second issue.
Stopped out of VRCA (-0.35%)
Tough day
For intraday trading,
Looks more interesting to look at % Change from open.
Because many time stocks Gap up then the volatility drops.
It doesn't bother me to take a loss.
But I don't want to dig too deep a hole neither.
Open position RVPH
Statistics
Scoreboard
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