Registered: Nov 2011
01-19-12 11:17 PM
Quote from mikeenday:
I sincerely feel I'm becoming an evil person, I had hoped market collpase because I'm holding couple hundred various puts.
If you ask me, trading is a game. You're just playing your side of the game. I make probably more than 85% of my trading income on the short side. Given, I'm a daytrader, so the stocks I trade the bad news has already happen and I don't really care what news it was to begin with. Any more bad news on top of that intra-day is just luck.
Another thing, most great traders advocate trading with no emotion. I understand what you mean when saying you get that feeling of "hoping for bad news" when you're loaded short in a swing, but really you're just hoping for profit in your side of the trade.
I think it's your mindset in the trade itself. Unless you're just shorting companies you hate, you shouldn't have emotion in the trade, it's all a game, and if you're short and it goes bankrupt, you're just positioned correctly. It's not your fault their business failed, you were just intelligent and skilled enough to profit upon it.