Should I Sleep Fine Having Shorts Over This Weekend?

SPY Next Week

  • Down 5%

    Votes: 16 27.6%

  • Down 2%

    Votes: 9 15.5%

  • Sideways

    Votes: 8 13.8%

  • Up 2%

    Votes: 12 20.7%

  • Up 5%

    Votes: 13 22.4%
  • Total voters
    58
Quote from shortie:

Actually, I am becoming suspicious about the financials. They appear weak compared to the other 3. Maybe too obviously weak? what if it is a setup that is too obvious to be valid? Lure shorts before one last parabolic move up?

Maybe I am getting a bit paranoid here.
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I don't think so! I think the Globalist Wealth Entities are actively watching all YOUR exact positions. They are plotting a massive head snapping rally that will leave you frozen at your trade platform totally unable to exit!!! :eek:
 
Quote from traderNik:

... If you're posting on an anonymous message board filled with non-traders for advice as to whether you should cover your shorts, your position size is too big and your trades are almost certainly too positively correlated - you have separate trades that sort of function like the same trade. To paraphrase the trader in Schwager's first book (can't quite recall who it was) cover until you can sleep at night. Get your position size down to the point where the next move up, if it occurs, can't do significant damage to your account.

The hardest thing in trading is to put a position on, see the market go straight the other way, and then have the balls to cover and re-enter. That's the biggest lesson I've learned in the past 3 years - test the market, listen to what it's saying and cover and re-enter if necessary.

You can see for yourself what the markets are saying.
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Yes, I am nervous but it is not like I put all my money on this trade. I can tolerate some adverse excursion. I may have pulled the trigger too soon (happens to me all the time) but I doubt I will lose on this trade. Maybe will break even after some suffering.
 
Quote from AMT4SWA:

I don't think so! I think the Globalist Wealth Entities are actively watching all YOUR exact positions. They are plotting a massive head snapping rally that will leave you frozen at your trade platform totally unable to exit!!! :eek:
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even paranoids have enemies...

now i will have to triple check if the globalists are hiding under my bed before i go to sleep.

:D
 
Quote from Spydertrader:

The above quoted phrase has no place in trading. The fact that you used the word 'hope' to describe a trade should provide you all the answers you need.

- Spydertrader
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good point. i tend to hope often. :(
 
Quote from AMT4SWA:

You will have your answer PRIOR to Friday's close.......so sit back and enjoy the trade. :)
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As I was saying (well heavy short ES & DAX myself).....sit back and enjoy the trade! :cool:
 
Quote from shortie:



Or cover my shorts here?
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COVER YOUR SHORTS???? PLEASE!!!!!!!!!

why-bike-shorts-should-be-black.jpg
 
no balls, no glory :)

hedged a bit of my short XLE with short puts. decided to wait for a larger drop before i deal with the rest of my shorts.
 
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