https://finance.yahoo.com/news/investors-lost-195-billion-shorting-012139363.html " Investors lost $195 billion shorting stocks in 2023. Here were the 10 most painful bets. Phil Rosen Sat, January 6, 2024 at 2:21 AM GMT+1 [...} "
Well, I guess you could flip the question and ask "Do you know how much investors lost or gave back their profit in 2022"? These kind of questions are asked only by the noobs who are married to their stocks. Pros would have made money in both 2022 and 2023 by going long and short. But what do I know?
Holding a short position in a stock for an extended period always struck me as a really dumb thing to do, even though hedge funds seem to do it all the time. I cant count how many times I've seen some smaller company get bought out by a larger entity and see the stock price quadruple(or more!) overnight. If you were holding a large short position in that smaller company something like that could be an account-ending event for you. Shorting intraday or the occasional overnight swing trade is fine but holding a short position for weeks or months is just flirting with disaster.
Good. All bears need to be eliminated and destroyed. If you do not believe in a company, do not buy them. But to do the short thing? Bleh!
The title is not accurate. Investors lost $195 billion shorting stocks in 2023 ----> Countertrend traders/newbies lost $195 billion shorting stocks in 2023 tsla - sideway nvda - uptrend aapl - uptrend meta - very strong upforce momentum msft - uptrend amzn - quite strong upforce momentum coinbased - strong upforce momentum broadcom - uptrend amd - strong upforce momentum palo - uptrend Time to long, must long Time to short, must short. Time to stay away, must stay away.
I made very very good money shorting Netflix, Facebook, Tesla ($150 seemed very obvious). You are leaving out "ALL THE COMPONENTS OF ARKK" in your list. Plus, the article doesn't mention 2022 when the downward trend began. Your list confirms that there are only about 10 strong companies to stay long in...in the entire wall street listings of stocks. That's not a very good case for being long. But rather a question of when a few of these start to crumble and what will happen.
Your posting links to "straight up" fake news on a board of professional traders. You may want to find another trolling spot.