I'm 75% short, $100K

I've positioned myself 75% short the Nasdaq.

I believe today/Monday marks the top and I'm willing to bet the farm, which is exactly what I've done.

January 9th, 2004

 

Well, traits of a good trader include the courage to act on one's convictions and independent thought!

Good luck!

 

okay... and how long do you plan on being short??? whats your timeframe and target???

 

I assume that if we close higher at any point after Monday that you will cover?

 

I'm going stop out at $39.50 on the QQQs (I'm short 2600)....

It's hard to believe no one else is taking money off the table here, much less going short.

 

I can't see anything that causes me to think that this is the top (unless you're talking just a short-term top). But maybe you're seeing something I'm not -- or maybe you're just guessing.

 

I can see taking money off the table. The market always has unexpected EVENT risk -- even if the trend is strong.

 

I also think this is a short term top but I sure as heck aint putting any money on it, yet.

 

If it doesn't work out, you can blame IB like you always do, so it's a win-win for you.

 

im short 37.49 3000.....and will add if need be....but i have lost my ass trying to catch the top recently...