What's your target for the bear rally?

Quote from BadCo:

I don't day trade, and maybe it's different for the guys that do, but, IMO, chasing bear market rallies is a losing proposition. They tend to happen really fast. Unless you time it perfectly, you miss out, and the only way to time it perfectly is with a lucky guess. To top it off, even if you do everything perfectly, your return on investment isn't very high, as opposed to your stress level during the time of the trade.

Bottom line: too much risk, not enough reward.
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So, you are staying out of the market for the next 4 years?
 
Quote from piezoe:

So, you are staying out of the market for the next 4 years?
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No, I'm going to continue playing the short side until I see substantial evidence of a bull market. The only losing trades I've had this year came as a result of stupidly trying to time rallies.
 
Quote from AMT4SWA:

Covered roughly 18% of my remaining Rydex 200% Inverse S&P500 position as the DOW is printing just below -200.00 ......will hold the last 15% for any additional downside price action.
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I will cover the last 15% of my Rydex 200% Inverse S&P500 position today in scale out groups as I see how we blast out of the open! :eek: :)
 
Flat and covered all remianing positions in the first 15 minutes after the open. Intraday ES action has been excellent so far....lets keep it wild today! :)
 
Quote from AMT4SWA:

Flat and covered all remianing positions in the first 15 minutes after the open. Intraday ES action has been excellent so far....lets keep it wild today! :)
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Very Nice.....are you waiting for 1050 to short again for your long term shorts or are you looking at a different area?


This downside might have some legs in it left if we take out the yearly low.....but im sure you will have shorts on by that time if we do :p
 
Yes...I still trade intraday so all this action is excellent. 1050 and above is the area I would like to begin selling again for a longer term trade.....but if we make significant new lows then I will have to reevaluate which level I would look at for selling again.
 
Cool thanks. It should be exciting either way we go from here. Im looking to get long a little if we break above 915. Otherwise, holding shorts from 950 area. Lets see what happens.
 
out at 885....looked to me some short covering that could lead to a nice up move. I was thinking we might take out the yearly lows for a couple big ugly down days but it doesnt look probable anymore.....I would like to see how the rest of this afternoon goes. If there is no follow through, might have to wash back into short.
 
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