hey thanks, shorty, i'll take a look at those charts. before i do, my guess is that pre-1999, you liked to always go long those stocks? anyway, i have a similar preference, but it is purely psychological - i like to go long naz, and short NYSE. i guess i just like to do things the hard way...
Nothing wrong about being a short specialist Some guys can hit but can't field, still a good ball player Some guys can stop a shot but can't shoot, still a good hockey player If you're good at everything, well God bless you, but much better to be a great shorty than a mediocre two way player By the way, I know a guy who trades semi cap equip and only goes long, so two people look at the same chart and see totally different opportunities. Oh, and be careful of ASML because it trades in Europe first, and so can look a bit strange on our opening
Good points Geezer Is there somewhere where you can find a list of US stocks that first trade in Europe each day? Now I know why some guys buy European quotes on Esignal
Candletrader I'm sort of worried that everyone here will think I'm nuts, but I actually did try to cure myself by turning my chart monitors on their sides so stocks went left and right instead of up and down. I got so furstrated trying to use my mouse on my multiple monitor setup that I gave up. There are people out there who will think I am BSing, but I'm not. I've basically resigned myself to being a shorty, but its not by choice.
LOL - In all honestly, I trade both ways. However, I have noticed that I make a shit load more when the spoos are getting slammed then when they are up 25 points before the open and continue up from there. On the day that the DOW was down 200 points and rallied to be up 489, I think I was up $50 nitro
In last 3 1/2 years, 90% of my profits have come from being short. I dont naturally short - I always use bullets. I think the reason why many pro(p) daytraders like the short side is because using bullets is one of very few "edges" that we still have over the retail/general public. Further, there are many panic selling; not many panic buying...so when stocks tank, many have huge moves. I have seen seen stocks that tank $10 many many more times than stocks that move up $10. Well...that's my reason anyway why I think it is easier to make money on the downside...even on a bull market.