Most of my positions are short. Only follow the trend. Now, it is headed down, I will short it with put options. When it bottoms and starts moving up, I will go long as well. A lot of stocks will become dirt cheap then----that is the time to pounce and go long. Most retail traders will be wiped out because they will ride the trend, all the way down. Then, capitulate and sell at the bottom. A huge waste.
LOL I have to assume pharmaceuticals rather than street drugs or you'd have a lot more than 5k to play with. Does your job give you any edge in the pharma sector? How many months left in your plan?
Hello deaddog, See my response in red for simplicity. Please let me know if you have any other comments, questions, or recommendations.