Nah, I'm def not. It def doesn't feel great to be short and I only do it in extreme situations. I don't know about switching to the dark side lol. I know it's on borrowed time and we are getting a $20-30 rip in QQQ this week at some point, so I better be on the right side of that trade. I feel like the VIX is going to have some absurd print and that's the moment you will want to get long. Like as I said before, if it gets to 100+ I would want to buy the absolute shit out of the dip. Problem with being a shortie, is you don't get much time and you have to escape fast or you get killed. Being long is still optimal, because the overwhelming majority of the time, the market is bullish and wants to buy dips.
Yeah, when the market was in the most unstoppable uptrend ever, it looked like we would go up forever. It was impossible to get a red day when I posted that. I was wrong. I never believed that the orange man would be this influential in the market. I'm still amazed how many of his minions are still willing to take it up the ass for him and will defend everything no matter what. We are a country filed with absolute morons. I was wrong. OK, and I'll take a break/ mini ban when the VIX goes back below 20 or when the market stabilizes which it will in another week or so.
Man, don’t be such a pussy. The market’s been chewing up both bulls and bears long before any of us showed up, and it'll keep doing it long after we’re dust. There’ll always be the permabears, the BTFD crowd, the Reddit FOMOs, the millennial YOLOs… and yeah, even crusty old farts like me, dragging around old scars and grudges like trophies. None of that’s changing. Like it or not, you’re now part of the circus. Might as well lean in and enjoy the show—beats yelling from the parking lot.
Well at least I hope you learned something from it and don't go back to the pathetic 0 value posts you did in the past. There is no unstoppable uptrend, never has existed and never will. Nothing is guaranteed or easy, you of all should know that by now.
As someone who is SHORT going into tomorrow, I am nervous. When the futures get going and they drill, remember i't all just fantasy porn until it actually opens. What I'm nervous about is at some point, the V machine will kick in and somehow it reverses green. So no celebrating or dooming early, because it's not real until 9:30 AM EDT. Then we can worry about the actually day and where it goes from there.
Tomorrow could be a reversal but currently the only reason to buy is lower valuation. Valuation is not a good short term signal. You probably need Trump to make some deals on tariffs. On Friday I believe the SPY still had a forward P/E of 19.7 which can't be considered cheap especially since earnings are likely going lower. I believe in 2022 the SPY bottomed at 16 P/E.
So what are you exactly holding short? Can you get out in the middle of the night if some shit blows up out of nowhere? If not, you might be in deep shit. This is why, during a crisis, leaving positions open overnight, especially over the weekend, ain't too smart—it’s just asking for trouble.
I anticipate the Q's to reverse once it reaches 400. So take your profit then or otherwise trail your stop.
I think the shorts are really taking chances here...there is more room to fall but a short term bounce is very close.