For the fun of it, I just bought a little SDS at 24.73. Unlike the hindsight permabulls, I'll give my exit price, win or lose. Caveat: this is a small trade, not based on any of my current systems. Just a little fun on a Friday.
October, the only month the market is allowed to go down, is almost over. Next up: Black Friday Christmas I see stacks of containers queued at shipping and rail points Awww Yeah looks like another huge $$$ SANTA CLAUS RALLY $$$ is coming They puked out at 1830, unemployment under 6, and obama is on cruise control, so there's only one thing left this year: 100% up room to go
I'm long SDS as well as TVIX which I just bought at 3.48....bought SDS a little higher, but waiting for S&P to drop below 1900 again to sell....been trading SPXL and will go long SPXL once the markets drop to October 15th lows again.
If we make a profit, it PROVES two things: 1) We're geniuses 2) This is a REAL BEAR MARKET because we happened to make a couple of profitable trades on the short side. I learned this from the hindsight permabulls on this thread. Two can play this game!
Jsp went short, this means there is 100% upside to go. Ez $$$$$$$$$$$. You're only wrong if you sell.
Market is up. You have lost this bet. Longs legally taking the money out of the pockets of the shorts. We're coming for you shirt off your back too if you keep short . BTMFD