Shorting is extremely risky in this market- losses, losses, losses

Quote from Fangdog:

Day, whether someone gets killed with longs or shorts depends on the time-frame they are trading. Most traders, whether it be day-traders or long-term traders pick a time frame they trade in depending what the MKT and their indicators tell them. There is a time to be short and a time to be long and it should make no difference what it is, if you are a trader.

Being biased to only once side sets dangerous limits on yourself. Criticizing those who trade both sides, whether they be day-traders or not day-traders, says more about you than it does about them.
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That is true when you chose time frames you limit yourself. In the long run it all works out.

You forget the basic premise that the stock market was built upon. That purchasing equities and buying things. If there was no buying there will not be a market. Shorting is just an off shoot available to every Tom, dick and Harry since they abolished the uptick rule.

Shorting is lot less rewarding. How much can you short or sell? The stock does not goes to zero? So how are you going to make any profits? It has to rally and go up and thats what you are hoping all the time. Once we have few up days, you will forget shorting, and the amount of money made is lot more than those hard earned tics and scalps to the downside.
 
Sure, I add $100 here, $50 there, $400 here. My grinding puts me in the top 5% of all earners in the US. Sure I'm not making millions a year but I also sleep great at night and live a lifestyle that suits me.

Quote from day7793:

You are a day scalper, grinding pennies here and there and making a barely plausible livelihood. You go where the fish is angling for few dollars and than its back to Jim Beam and cheap linoleum floor.
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Obviously, I disagree with you. For one thing, the business of Wall Street is selling a product to the public. Wall Street does not buy, they sell. Which is why every add they run is about buying and not selling. Have you ever heard an add from Wall Street saying you should sell XYZ?

It is like when I raise a product such as apples. I sell apples (a product) to the public. I don't buy apples. Am I going to tell the public not to buy apples?

The Pro's sell and the public buys, whose side would you rather be with? I am not saying there isn't a time to buy, but I am saying there is a time to sell and the profits can be greater quicker, because the Pro's know more than the public and it is the public who generally get slaughtered, not professional traders....anyway good luck to ya, and as long as it works for you have at it, but don't think you know what is best for those who do know.
 
Quote from day7793:

SHORTING IS EXTREMELY RISKY IN THIS MARKET. YOU WILL INCUR HUGE LOSSES.


This was a monster class buy program that hit Friday Feb 22, 2008, well timed, and well exceuted. About 20% of day's volume unleashed in last 1/2 hr. I mean it was a Tsunami that leveled all these shallow water fishes, pirhanas, crocodiles and shorts, that were swimming in it eating people's lives and limbs for 2 days of relentless selling.

Whoever did it, I salute them. May you unleash this again, please....
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just put this guy on ignore guys.
He's about as dumb as they come.
 
Quote from kitty1996:

Wall ST is expecting a rally short term only. The financial & the market over all are in a mess, that's TRUE.

But you know how short sighted Wall ST is, they will trade the market to the upside after ABK news is released on Monday/or Tuesday.

In fact, the Asian market is rallying now because of this ABK news-anticipation reason.

Conclusion: World market...everyone knows the financial mess will take a long, long time to unwind BUT short term, we have an UPSIDE BIAS for now...... SHORT TERM ONLY~
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okay, folks, my prediction is right on the money:). the market rallied after ABK news released, as i said so, i am very happy with today trading. hope you are too.
 
Quote from athlonmank8:

Day....so I'm sure that your argument is also that no one should sell their stock either.

lol your posts are hilarious.
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Selling is part of buying, that is not what I said. However these selling binges taking down any rally given a 1/2 point gain in stock is another phenomena. Massive shorting without the uptick rule is another reason we have this kind of market volatility where 200 points moves are becoming usual business.

Look at some decent companies like AAPL, GOOG, BIDU ( which had a stellar quarter) they are sold off and cut to half? Now what are you going to short? There is not much left to short. Its all down and out. Hope and pray to God there is a rally around the corner..
 
What day fails to understand is that traders are long and short all the time. I'm always long and short, who wouldn't? If this rally is going to get legs, 1375 has to be taken out, it has failed multiple times there. If it does break through, the move should take us to the 1420-26 level, where it will probably fail and back down we go. Not a great idea to try and bottom feed on the momo's of last year. Those things were priced to perfection. Look at GOOG today. Last years winners are this years laggards (at least in tech). It doesn't take a rocket scientist to realize the market has changed colors, adapt or die. Oh yeah, the volume was pretty pathetic today, sellers are tired for the time being, not for good though.
 
Quote from S2007S:

SELL THE RALLIES, I did, sold SMH, UWM and SSO and bought some more SMN and DXD.....
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Keep covering your shorts.

Keep behaving like a scared animal..Keep wearing that negative mask, keep that bearish sentiments all alive..sell the rallies my ass. Todays rally was so powerful, you could't make a difference...
 
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