Back to shorting

You have to know by now that the markets take the escalator up and the elevator down.

 

Still shorting? I have been in and out of this, but overall, I have not lost money.

 

Need 5 more of these threads for a flaming duck top pattern.

Hey, someone had to be first soldier down.

 

But sometimes they just hang around on the 4th floor shopping for shoes while you wait in the car.

 

Tomorrow, I think we'll finally get a selloff. I rarely buy puts, but with the VIX at 24.30 and the market short-term overbought, I couldn't help myself this afternoon.

 

funny...

 

I'll fully admit it, I'm still short, I always stick to my plan and I have risk management in place so this was penciled into the plan, even though this is been a tough few days being short but overall it's been a terrific year trading and there are bumps in the road and this is one of them.


Flame me all you want, I don't have anything to prove here, I've had a very good year and see this as just a trade that hasn't worked out.... it happens, except for those of you that win 100% of your trades.

 

Put on some large shorts today.

 

I've begun to lean short in here also, but I expect a topping out process that could take a few more days so I'm actively trading while moving my bias from long to short.

 

we will need to see a blow off top lots of volume and huge range 200 plus pts on dow before i get short again.. i staying long n strong upto about 9000 then spike above and then a sell around 9080