Never leave money on the table.

[volpri]

Long, short -same thing. If you are having a problem, invert your charts and see the setups upside down. If a market is directional...participate.

Lol invert your charts. Trick your mind. Love it! I don’t care if the market is going up or down. I want to trade the move. But then I am a scalper not a long term investor just adding and adding to a stock that I shorted and it keeps going up.
Anyway I no longer trade stocks.

 

[murray t turtle]

You can always long the inverse ETFs (e.g., SQQQ) and UVXY on a down trend day if you prefer to long only.

There’s really no difference between long and short. It’s the mindset.

%%
Good points\
but big difference in ETFs inverse or longs, much more so with leverage.
Noted those before here\ + another big big big difference follows.
Stock market goes up about 75% of the time/ that'$ why i would not buy one could invest 2 or 3 times SSO, SPXL, UPRO; do that with spxs or spxu + get wiped out. So that another big big difference.
Good nickname ''short'' [inverse also] because its a limited time trade; longs have luxury of much more time+ dividends.
SQQQ is long /LOL, not long that one this week its down this week

 

[Jzwu2017]

For me getting into a position is easy, taking an entire move if correct is the hard part. In swing trading I have algos to do that that work fine, in day trading it is pretty hard even for algos due to the noise

That’s my problem too. I can often see the big trend but staying in is very hard due to noise and natural market zigzag movements. I use scalping on the trend method, i.e., buy dip sell high on an uptrend.

 

[Jzwu2017]

Lol invert your charts. Trick your mind. Love it! I don’t care if the market is going up or down. I want to trade the move. But then I am a scalper not a long term investor just adding and adding to a stock that I shorted and it keeps going up.
Anyway I no longer trade stocks.

I found that looking at QQQ and SQQQ at the same time helps a lot. If both are obvious there’s a very high probability of being the right trend. For example, QQQ shows an obvious uptrend and SQQQ shows an obvious down trend.

 

[Jzwu2017]

I agree shorting is more difficult than long due to various reasons discussed here. My current rule is only short on a big obvious downtrend but I am still tempted to short more than I should. Lol guess I have an inner tendency for shorting.

Today l first long TSLA after 2:30pm EST. After taking profits I switched to short twice. One win and one loss basically breaking even on the 2 shorts. So I shouldn’t have shorted at all since it’s not a big downtrend after 3:30pm. At worst it’s a zigzag situation.

 

[nooby_mcnoob]

I haven't traded currencies (or stocks) in years but I have traded the ES for the past 18 years and my setups are the same for long and shorts, simply reversed. There are many on these threads who have never experienced a bear market. In a bull, there are no lack of good long entries. In bear market conditions, shorts pay better, whether it is a bear market or simply a bear correction (a bear market is just a longer correction). We all have our own trade plan, you have to decide what works for you.

As I said, slightly different behavior though you can use the same setups, I would agree.

 

[mikeriley]

Hello mikeriley,

I do not discriminate long or short.

I am Slave to the direction of price.

If price shows up, I trade up.

If prices shows down, I trade down.

Master = Price

Slave = SimpleMeLike

That's very good. I just hope you're still not trying to trade NQ
with only $5000. Not sure how that amount could handle the quick
drawdowns with anything less than 20K to 25K. Be careful of
undercapitalized positions as NQ is merciless.

 

[nooby_mcnoob]

%%
Good points + good charts\ but when i Short them by a click\cuts waaaaaaaay to much off the edge @ right. LOL
I dont think shorts/inverse are like leveraged longs/or longs @ all or much like them.
Inverse give profits faster \take away profits faster.
Most leveraged stuff pays NO dividends also, TZA used to , no more ; +SPXL/ UPRO / UDOW may pay a bit but NOthing like SPY

Correct. Shorts (in stocks) are quicker to go back to zero than longs. Is a dividend in SPY even worth considering unless you have 10s of millions in stock?

 

[speedo]

As I said, slightly different behavior though you can use the same setups, I would agree.

Yes for the ES, shorts tend to be a little quicker acting, fear being more powerful than greed maybe and longs tend to require a few more second entries. Any developing trader should be encouraged to become familiar with the characteristics of any market they want to trade. They indeed each have their own personality.

 

[Jzwu2017]

Market goes down at a speed of 3x that of going up. Downtrend usually is more dramatic but it also warrants more sharp bounces.