Long only Traders

Quote from Joovenile Jatt:
Some of the best long trades are bear market rallies.
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That would constitute a strongly trending bull market.....in a shorter time frame. :cool:
 
Quote from NoDoji:

This is a silly statement. How is shorting a losing game? In day trading, it doesn't matter. I short at least 90% of the time, have had 12 small losing days this year, and doubled my trading account.

My biggest defect is not trading more longs and making twice as much money!

This is day trading; price goes up and down, up and down, every day.
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I agree with Nodji


I short 90% of the time, never had problems except holding positions over weekends....

Also tend to not short many equities, being surprised in shorting is def not your friend..... To many variables with equities....
 
Quote from Vulcan Trader:

you guys are missing the point. If you shorted the NASDAQ 100 AT 5000 you have been deep in the money for over 10 years!!!!

If you shorted FNM and FRE and enron etc etc etc you made a killing!!! They are not coming back!!
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Slight problem with this logic.
You can't go back in time to short the NASDAQ at 5000, nor can you go back and short FNM and FRE.
The only thing you can do is guess what the future will do.
So tell me, should we short BP?
 
I'm not sure equities actually do go up over time. When a company dies and fails, it is taken out of the indicies. Most companies eventually fail. Sure, maybe taking long-term short positions in S&P 500 companies without very sound stock selection is over time a losing game, but I think it's only because of selection bias that we believe equities go up over time - they do, but only because we weed out the ones that die. FNM/FRE/LEH/BSC/AIG/WM/ were all major large caps... but now they're not counted in the indicies anymore.
 
If you are biased about only going long it's alright. I used to be like that.

I realized if you are only going long you are leaving half the profit on the table.
 
Quote from JeffUSA:

If you are biased about only going long it's alright. I used to be like that.

I realized if you are only going long you are leaving half the profit on the table.
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You are also leaving half the loss on the table too.
Well I had a go at going long only on Friday, a day that should have been
a huge down day due to the poor non farm number.
I made a killing on the open as the market rallied 9 handles
and then lost it all when it tanked to the low.

The rest of the day was spent buying every dip and getting out
and though I didn't do as well as I should have when the market finally
roofed I still made a huge amount of money buying 40 or 50 dips previously.
Intact if I had stayed long till the close and not got out at 1115.50 I
would have had my best day ever.
 
Quote from Joovenile Jatt:

You are also leaving half the loss on the table too.
Well I had a go at going long only on Friday, a day that should have been
a huge down day due to the poor non farm number.
I made a killing on the open as the market rallied 9 handles
and then lost it all when it tanked to the low.

The rest of the day was spent buying every dip and getting out
and though I didn't do as well as I should have when the market finally
roofed I still made a huge amount of money buying 40 or 50 dips previously.
Intact if I had stayed long till the close and not got out at 1115.50 I
would have had my best day ever.
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Except do you not realize the best trade of the day was to short financials in the morning when they started rolling over ? Your long bias prevented you from taking that trade.

I would bet the house you could have made more money in 30 minutes on that trade then all your other long trades combined.
 
Quote from Nine_Ender:

Except do you not realize the best trade of the day was to short financials in the morning when they started rolling over ? Your long bias prevented you from taking that trade.

I would bet the house you could have made more money in 30 minutes on that trade then all your other long trades combined.
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And in my case, my short bias kept me from taking a perfectly valid long signal at the market open which would've made me in 30 minutes 70% as much money as all my short trades combined, not that I'm complaining...OK, yeah, I'm complaining :p
 
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