a day like today anyone going long is trading against the trend. trying to pick a bottom. i'd be lot more impressed if you picked the smthg near the top today
Picking the top is one thing; staying with the trend is another. Considering the never ending rallies it enjoyed, who would have thought this damn thing could sell off so much?
i mostly played from the short side today, im usually not one to fight the intraday trend. that said, my biggest winner today was a long trade. as schizo mentioned, its been strongly trending higher, its hard to get too in love with shorting right now.