Tired of losing long? It might be time to short - Stephen Johnson

[tomkat22]

Shorting by borrowing shares is prevalent with day traders. Most of the stocks they short, are low float stocks (very few shares) and go up hundreds of percent at times. You can argue till the cows go home but, the risk profile of borrowing shares to short is still unlimited to the upside. If hedge funds can make that same mistake with AMC and GME and lose billions, it can happen to you or anyone else foolish enough to keep rolling the dice. It just takes one whack to wipe you out and bankrupt you and then, you will be wondering what the hell happened? And stop losses are useless when a stock gaps up. You think if you have a stock which you shorted at $50 with a stop loss at $50 and gaps up to $100 that you will be able to get out at $50 with a very small loss? A stop loss becomes a market order and gets executed, at that market price. You do not get to decide what price to exit at, the stockmarket will decide on what price your stop loss ends up being executed at. A stop loss will not protect you as it becomes a market order once, it executes.

Incidents like GME,AMC,DWAC etc happen so infrequently I'm willing to take my chances. Thousands of shorting opportunities are available every day and millions of dollars are made collectively by traders around the world.

 

[smallfil]

Incidents like GME,AMC,DWAC etc happen so infrequently I'm willing to take my chances. Thousands of shorting opportunities are available every day and millions of dollars are made collectively by traders around the world.

You do what suits you as it is your monies you are risking. What you do, has no impact on me as well as other traders. We are only having this discussion for the benefit of other traders in similar situations, who have no clue on the huge risk they are taking.

 

[newwurldmn]

Incidents like GME,AMC,DWAC etc happen so infrequently I'm willing to take my chances. Thousands of shorting opportunities are available every day and millions of dollars are made collectively by traders around the world.

but billions are made being long.

 

[murray t turtle]

If you can't make money going long, you need much more experience reading charts. Markets overall go up 67% of the time. People generally lose as they have no clear Trading Plan and near zero knowledge of when not to take overwise viable signals, lack of money management skills.
Everyone usually want to know "where should I get in" and for me that is 1% of the Trading Plan.

%%
Good points/numbers.
I think its 75 %+/ of the time up.
One lady asked like, meaning 76% ?? ; no /that means 75% more or less up .
But that's a bit misleading acccidently, because that's ALL market moVes .
Under 200 dma bear market$ the odds/probabilities \trends are with the bears.
OF course most SEPTs tends to be down regardless/ so my comments are some what general. 7 weeks down on SPXL starting with a huge topping tail, this weeks could be up a bit /LOL, its up week to date /LOL; even though SPXL is still below 200dma. SPXL smashed thru 50% level[$150 =52 week peak+/ downtrended below $ 75.777..........................................]