I'm 75% short, $100K

Every trader needs to make his own judgement call. The same people saying not to short here are the ones afraid to buy in March. Some people would rather not go short after the dow has already dropped 1000 pts. As long as you honor your stops you'll have plenty of chances to be wrong before you're right.
 
"As long as you honor your stops you'll have plenty of chances to be wrong before you're right."

I totally agree.

My resoning is the trend is definetily up, the break out in QQQs very resent and very extensive.
Most of the time there is a pullback and then the thrend MIGHT resume again.

Hamb
 
We are approaching the 2002 highs for the DOW,S&P 500, and DOW Transports (I think the NASDAQ as well). Should be interesting.
 
Balls to the Wall, dude, i don't know if i could handle 75% of my cash in one move, i would have to keep an extra belt lying around if it went against me. Tony Oz never puts more than 25% of his equity in one position...i hope it works out for you.
 
I tried betting the farm in 2003 on a similar move. Well, as you can guess, the bank took the farm and it's awfully cold out here in the woods. It seemed like a good idea at the time, however. How could the market keep going up in June 2003?

But best of luck on your trade. Somebody will eventually nail this one.:eek:
 
Yeah... keep calling it and eventually you will be right.

What happened to consistency and discipline? LOL

Quote from garbo:

I tried betting the farm in 2003 on a similar move. Well, as you can guess, the bank took the farm and it's awfully cold out here in the woods. It seemed like a good idea at the time, however. How could the market keep going up in June 2003?

But best of luck on your trade. Somebody will eventually nail this one.:eek:
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