I never understand shorts... Why?

greeneveryday

greeneveryday

Why would short the market when it has came down almost 10K points in dow Jones?

Market looks ridiculous cheap now in terms of PE and potential earning in future... Load the boat, investors...

MY spy calls got hit today.. Down 10%...but it's all good
 
greeneveryday said:
Why would short the market when it has came down almost 10K points in dow Jones?

Market looks ridiculous cheap now in terms of PE and potential earning in future... Load the boat, investors...

MY spy calls got hit today.. Down 10%...but it's all good
More...

If you're talking to traders...

They may not be Shorting when you posted you're question. :D

wrbtrader
 
I keep it simple... if it goes down I sell, if it goes up I buy.

I always used to try and bottomfish and it usually ends badly. Heck I still do, lost a bit recently trying to buy oil bounce like UWT.

It's super tempting to buy what looks cheap, but like picking up hotties in nightclubs it usually ends badly lol
 
greeneveryday said:
Why would short the market when it has came down almost 10K points in dow Jones?

Market looks ridiculous cheap now in terms of PE and potential earning in future... Load the boat, investors...

MY spy calls got hit today.. Down 10%...but it's all good
More...

P/E ratios look cheap?!? Yeah right....they are still historically above average, and earnings haven't fully been adjusted down.

Take a look at CAPE ratio, market cap/GDP and Enterprise value/sales.....all pretty good indicators of value.....they're all still VERY high.
 
greeneveryday said:
Why would short the market when it has came down almost 10K points in dow Jones?

Market looks ridiculous cheap now in terms of PE and potential earning in future... Load the boat, investors...

MY spy calls got hit today.. Down 10%...but it's all good
More...


Here's why, because everyone and there brother does buy and hold. That's like the most standard play in the playbook. The point of TRADING (this is elite TRADER) just to make sure you're aware, is because you're looking to beat buy and hold.

Otherwise just pay some joker a management fee to watch the markets go up and down while most of them do absolutely nothing (oh and the majority still get a fee whether it goes up or down how convenient).

There's your answer.
 
greeneveryday said:
Why would short the market when it has came down almost 10K points in dow Jones?

Market looks ridiculous cheap now in terms of PE and potential earning in future... Load the boat, investors...

MY spy calls got hit today.. Down 10%...but it's all good
More...

This is a joke, right?

The market (any market!) moves up AND down. Why limit yourself to making (losing?!) money only part of the time?
 
Great point, though I'm bearish I still trade long eg TQQQ like I did recently on market bounce.

But it's Really tough to be flexible vs stubborn, I struggle with it daily.

The only thing that helps me is to use my two day rule, since it's objective. Eg stop out/scale out for swings if they lose prior days low, scale in if they close above prior days high
 
greeneveryday said:
Why would short the market when it has came down almost 10K points in dow Jones?

Market looks ridiculous cheap now in terms of PE and potential earning in future... Load the boat, investors...

MY spy calls got hit today.. Down 10%...but it's all good
More...

Let me know when you change your mind.
 
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