Are you having Counter Trend Trading Syndrome? A lot of people having it zeroed their trading accounts.
Yes...that's exactly how to do it. Buy strength and sell weakness. The contrarians of this world try hard to fight the trend and usually (see this abomination of a trading thread) it ends badly. But keep telling us how great and winning you are after you lose trade after trade after trade after trade after trade after trade.
Break even price for the current 'trade' is 21037 on the June YM contract. So the current 'trade' is 285 points in the money at time of writing. A few days a go it was 725 pts in the money.
Ya, this long term buy and hold stuff, that's how I started in my trading life. As the years have rolled on and thanks to my attempt at futures trading once upon a time, holding times have been whittled down considerably. Have watched far too many dollars slip thru the fingers previously.
Mate you have totally lost it. I have provided evidence that retail traders have a propensity to short bull trends and vice versa. Retail traders currently hold 74% short positions in the Dow at the worlds largest CFD provider. Fact. Probably time to scratch your demo short and get back to marketing.
The sad part is that with proper trade management he could have had a number of good winners within the same move. The need to be right, and his totally internal Guru complex apparently outweighs common sense.
DJIA was the lagging/weakest index prior to this spike. NDX is making new all time highs everyday. The Russell 2k is less than 10 pts off its all time high. Only a matter of time before the DJIA and S&P follow. OP is just 190 pts in the money here.