only trade short, biased that this mrkt will puke big soon and be positioned short, confident that it wont rally big and kill the acct, miss all the upside moves, dont mind that, but it would make sense to say that a long or short only TRADER would be missing half the trades, a long only INVESTOR(Buffet) is a different story, since they cant go short with stock
American securities have been trading in a large channel for most of the year and its interesting when the bottom of the channel was tested all we heard was the "sky is falling" and "double dip" on the news media. Predictably many strong stocks rallied since. Easy money on some situations going long. These market "experts" are always reporting what already happened like its the future, so they are wrong well more then 50% of the time. I don't take a long or short bias before each day the market decides that for me. What I have noticed is shorting opportunities are harder to identify and time but hugely profitable if you catch them. So I think shorting is a harder game unless you are well capitalized. Given that a "long only" strategy might be appropriate but only if you are willing to sit out many days and do nothing.
You need to get the bias out of your head. You could go short and long multiples times in a day if that is your timeframe. Turn off the TV. Stop reading the news and just focus on the charts.
Did your charts tell you to go long when the death cross ocurred? NO! The fundamentals told you to go long!
Dont know why its completely opposite for me, short opportunities are pretty easy to spot and exploit.. Long positions are pretty easy to spot on the fact if i think its still prime for shorting, if not i go long..
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if you're a 100% long only trader, and trade for a long time (10+ years) you will experience a black swan
As defined by Carl Swenlin of decisionpoint.com, a death cross occurs when the 50 day EMA crosses under the 200 day EMA. Swenlin prefers the EMA instead of the SMA. When the death cross occurred, he gave a sell signal, at which point, the pros went long and the rally started. I stayed long.
That's interesting. I never heard of the term "Death Cross" before. In my opinion, that signal is too "slow" and too "long term" for me. I don't really see it as being useful.