#1 shorting is a very short term trade . I’ve lived by the “ Take your short bacon or somebody will”. The mkt goes up 75% of the odds of shorting are against you to begin with . I shorted 3 es before I went to bed at 2854 . I had a stop in at 2870 . I was willing to risk around $2 k . Got up a little while ago and covered at 2821 . I could care less if it goes to 2780 . I had bacon without stress ( didn’t have to watch it ) and took it . My thought process is not damm I could have made x amount more . It’s I’ll find the long side to scralp . I’m happy , flat and alert to capture my next trade . Max with the size your taking on shorts the only way for you to do it is to scale it 2,3,4 and 5 example and have a tight 5 pt stop on the avg .But honestly even in a bear mkt shorting tough and I’d be looking to the long side more often
I Got this one wrong guys.....
- Thread starter Max E.
- Start date
Valid point. Even in a prolonged bear market, the stock market still goes up around 50% of the days, and the bear market rallies are sharp and big!
Unless America stays in perpetual lockdown, the short story is a losing one. The FED is committed to market "stabilization". FED has printed ~3 Trillion already....
I think you shorts are in for a world of hurt. We're in the age of Government/Central Banking intervention. Every leg-down will be matched with a new buying program.
I think you shorts are in for a world of hurt. We're in the age of Government/Central Banking intervention. Every leg-down will be matched with a new buying program.
The price action of the last few days where the mkt just refuses to break is telling me there's a shit ton of people short as the landscape couldn't be more negative . All the talking heads came out bearish this week . I'm wondering if we need to get a crazy run to 3k to rip some of the shorts before we fall? It just seems to easy to short right here . We all know how tough shorting is. We'll have to just watch
everyone expects market to pullback after opex so lots of puts being rolled or started. Going to be an interesting May.
Agree. I took the long side.
The go to trade I've been in heavily since March 23rd has been long gold miners with silver miners added since. It's been a great area to be in. Basically current government policy is usually a win for Gold historically. Could go much, much higher ( or not ), but as long as Gold holds above $1680 an ounce these miners are going to be great investments most of this year imo. For those who wanted to short US indexes, and I haven't liked long US indexes since the SPX hit 2820 ( old support ), areas like long mining and long oversold Cdn energy were a decent way to diversify your approach a little bit.
Today was one of those days where guessing broader market direction would be difficult if not impossible but the miners were super strong all day.
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Right re gold miners/ETFs have been great, I like GDX NEM GOLD NUGT
Oil and energy strong too.
Re broad market the S&P is still in a 5 day downtrend, despite thur fri mean reversion bounce.
Inverse ETFs still in 5day uptrend so I'm going to buy a few k worth for weekend hold aftermarket in a few minutes. Weekend shorts have been largely unsuccessful the last few weeks so I'm going light under 5k.
Shopping list TVIX SQQQ SRTY SDOW SPXS SOXS.. note today was flat af, typical Friday, also sell pressure premkt th fri tells me buying pressure may be slowing
Oil and energy strong too.
Re broad market the S&P is still in a 5 day downtrend, despite thur fri mean reversion bounce.
Inverse ETFs still in 5day uptrend so I'm going to buy a few k worth for weekend hold aftermarket in a few minutes. Weekend shorts have been largely unsuccessful the last few weeks so I'm going light under 5k.
Shopping list TVIX SQQQ SRTY SDOW SPXS SOXS.. note today was flat af, typical Friday, also sell pressure premkt th fri tells me buying pressure may be slowing
I agree the markets a long although it makes zero sense economically but shorts are getting fucked.... cant bring myself to pull the trigger on the long side given how awful the prospects in the economy are but atleast I've turned the page to where I know you have to be incredibly cautious shorting it.