rolling the dice strategy has been hit or missI wish I had a crystal ball.
Just follow your strategy
Today's market opening prediction thread
- Thread starter Cuddles
- Start date
Not in the US yet?
Made out like a bandit shorting air canada at the open
Do you realize some of the up moves you see (in the US markets) are because of short covering? It causes balance and imbalances, which creates opportunities for traders.
It isn't as simple as "ban short selling, market up!" Just because you ban short selling isn't going to magically make larger players start to purchase again and the markets aren't dropping this much because of a pure short attack, it's because larger players began selling awhile back and than everyone wanted out and there wasn't enough exits left.
Lastly it isn't about prediction, why don't we just all book a vegas trip? It should be about probability and trading what you know. Predictions are for dreamers, probabilities are for traders.
my prediction was wrong.
Luckily I trade based on what I see on the chart & not prediction.
anyway today market is rather straight forward to trade.
when market opened, there was nice downtrend followed by nice uptrend.
Stocks & ETF's go into short sale restriction until the end of the following day after they drop 10% or more from the previous close. Short selling is still allowed, but it has to be done on an uptick.
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You misinterpret my post. I'm not against short selling, and I would never be a proponent of banning it. I don't even like the short sale restriction rule. I just don't expect to see as much downward pressure today since most stocks & ETFs are on SSR.
