No different than when you and other permabulls were encouraging people to sell their mortgage and buy stocks at the ATH. 90% of traders ultimately fail for a reason.
I never understand shorts... Why?
- Thread starter greeneveryday
- Start date
No different than when you and other permabulls were encouraging people to sell their mortgage and buy stocks at the ATH. 90% of traders ultimately fail for a reason.
BTW there seems to be so many unintelligent posts claiming that the recent selloff is attributed to small-time traders like those who congregate on this site. How naive can you get? You really need to get your head out of that puny ass and see the reality for what it is. These heavy sellings are done by the big institutions like the hedge funds. Most of the folks here don't have pocket deep enough nor the brain (or the computing power) to carry out such assaults.
Traders should trade like the market tells them not how they think the market should be trading. The exception is if their their pockets have a dead wish.
There is an old saying "picking bottoms gives you smelly fingers" 
Future is up 1% on spy or 250 points on Dow. Guys, last week bad news and market skyrocketed remember? This is it... Biggest bull trap ever. 99% rookies think market tanks tomorrow due to bad unemployment. They alrrady priced in!!! Learn that, shorts.
The intraday swings Up / Down have been deep enough that even Longs and Shorts can be profitable.
Simply, even if its a bull trap...a decent trader will minimize the losses on Shorts and switch to Longs.
That's trading but your cheerleading implies you either have a chip on your shoulder that prevents you from profiting both sides of the coin or you're too emotionally connected to your Long positions.
wrbtrader
Future is up almost 350 points...are you guys shorts shitting in the pants yet?