lots of ET members were caught short

Discussion in 'Trading' started by Warrior4g, Nov 13, 2007.

  1. a bunch of daytraders were caught short and kept averaging up. it was ugly. i had a good day today but a few traders i know got buried from buying the qid or shorting all the momo's. they are all holding overnight.
  2. this was a great day for using market profiling.

    when I saw the up volume head above 82%, it was easy to figure we would close at or very near the high of the day.
  3. The market was down large 4 days straight, nearly 10% off across the indices. One would have to have been awfully greedy to have held short last night unhedged..
  4. Reading off posts in ET I'd say the ET wasn't caught short.
  5. No point shorting, it happens too fast, and always there's a relief rally which is quite scary
  6. How does this relate to ET members? Just because a few of your moronic friends did poorly and you happened to get lucky doesn't imply anything about ET.