Time to turn in my claws?

Unfortunately, I belong to your club. I am much more comfortable shorting, so I missed this entire rally:mad: . But at least I didn't lose money being short. I can't brag about my performance, but it could have been a lot (reads A LOT) worse.

The bulls are really showing some teeth. I had a killer day this morning. I took shorts on the Q's after-hours on TH north of 35. I added to the short Fri morning and did not cover until the end of the day Friday. I smelled blood, but I was wrong. So all profits (almost all of it) went POOF. Good old GREED did me in today. I wanted to make on the down move what I missed on the up move, sounds familiar?

I hope next week is better. Got to make some adjustments in my thinking. Hopefully I will find some good sky scrapers next week and bleed these stocks to death :)

Bill
 
Seems like the market will not start going down until at least some of the members of our cosy little club turn bullish. Too much of a bearish consensus here. Sound familiar?
 
If you are using chart patterns to short from...try imagining charts upside down to see possible long plays....but I agree that shorting is more "comfortable" now...but thats because its making me money.

Trade what you see, not what you think.:cool:
 
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