Of course. Being short actually could have been profitable, we had 2 bigger sell offs, but one needs to take profits, and not wait for the 200 points drop...
The S&P 500 has topped at 2430 on 6/1/17
- Thread starter volente_00
- Start date
Of course. Being short actually could have been profitable, we had 2 bigger sell offs, but one needs to take profits, and not wait for the 200 points drop...
Almost 2452, but I am sure we don't want to have stops right now...have to adjust them higher...
Above 2452...time to adjust stops before they are hit.
STAIR STEPS!
I thought the idea was to make money!?!?
Do you think a high above 2452 is workable, short term?
Put differently, given that we're at 2450, which do you think is more likely for Friday --
2460 or 2430?
10pts up, or 20pts down.
I'd be snugging that top-side exit up pretty hard, and exiting happily.
(I am at 2475 for Jun30; looking to write further out now, at 2480/above.)
(I also sold TSLA at $205 [current price $375] for a 10% gain, and sold STRP at $35 [current price $175??], for a 20% gain, and did *not* buy AAPL at $93, even though I thought it should be >$150 right then, fercrisake. [AAPL down $5 at $145 today] Jeeez-oh-pete.)
I am pretty sure it is time to double down on shorts.
Fm you are hard work. You could just say 'yeah the short was a awful trade'. If you watched the titanic sink you would probably be commenting on the quality of the interior craftsmanship or something equally as dumb.
This rally has a long way to run. You can bet retail will be shorting a load more here at ATHs, there is no sign of them lightening up. Retail loves to get on the wrong side of long term trends.
Ooops. You were referring to stop-loss exits.
"Excuse meeeee."
I see what you're sayin'.........
Nope, I have just stated the facts. In the last 7 trading days we had a 30 and a 25 points sell off, a short seller could have made money on those, assuming not letting them come back all the way up.
Can't you read a chart?
And as for the record, the current high was 2452.25 on the SPX, so we can close this thread now...
ok so what you are saying is that looking at the market with hindsight you could have made money being short lol. Mate look at a market of anything with hindsight and you could have made money trading in either direction over any time period, it's just a really dumb thing to say. I agree the thread should be closed to stop it becoming a stupidity magnet.