I'm 75% short, $100K

Discussion in 'Trading' started by newestmember, Jan 9, 2004.

  1. Every trader needs to make his own judgement call. The same people saying not to short here are the ones afraid to buy in March. Some people would rather not go short after the dow has already dropped 1000 pts. As long as you honor your stops you'll have plenty of chances to be wrong before you're right.
     
    #31     Jan 10, 2004
  2. "As long as you honor your stops you'll have plenty of chances to be wrong before you're right."

    I totally agree.

    My resoning is the trend is definetily up, the break out in QQQs very resent and very extensive.
    Most of the time there is a pullback and then the thrend MIGHT resume again.

    Hamb
     
    #32     Jan 10, 2004
  3. nitro

    nitro

    LOL!

    nitro :D
     
    #33     Jan 10, 2004
  4. fan27

    fan27

    We are approaching the 2002 highs for the DOW,S&P 500, and DOW Transports (I think the NASDAQ as well). Should be interesting.
     
    #34     Jan 10, 2004
  5. GGSAE

    GGSAE

    Balls to the Wall, dude, i don't know if i could handle 75% of my cash in one move, i would have to keep an extra belt lying around if it went against me. Tony Oz never puts more than 25% of his equity in one position...i hope it works out for you.
     
    #35     Jan 10, 2004
  6. dgmodel

    dgmodel Guest

    #36     Jan 10, 2004
  7. garbo

    garbo

    I tried betting the farm in 2003 on a similar move. Well, as you can guess, the bank took the farm and it's awfully cold out here in the woods. It seemed like a good idea at the time, however. How could the market keep going up in June 2003?

    But best of luck on your trade. Somebody will eventually nail this one.:eek:
     
    #37     Jan 10, 2004
  8. DTK

    DTK

    Yeah... keep calling it and eventually you will be right.

    What happened to consistency and discipline? LOL

     
    #38     Jan 10, 2004
  9. DK_

    DK_

    The QQQ has not made the cross which I consider important
     
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    #39     Jan 10, 2004
  10. DK_

    DK_

    However SPY has


    Good luck w/your shorts
     
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    #40     Jan 10, 2004