Discussion in 'Trading' started by qdz3se, May 27, 2004.
Scared by a major terror attack or hope for the capture of Laden. Your bet?
OMG!! I can't believe this shiet! I was just shaken out of my NG shorts!! Yesterday, I took a moderate sized hit. Then today, I was in for the perfect position. BUT he was showing quotes everywhere!! I should have looked his prints. He was just scaring people since that contract is SO THINLY traded. 1x1 manytimes. And the next print could be way way higher.
Then I got out. And the freaking thing TANKED LIKE A ROCK!! WTF?!!!!!!!!!
That sucks dude. But NG is a scary market to go short, and one day you'll be glad you got out early. Warren Buffett once said he had no interest selling short, and should you do so it's probably better to sell something like the stock indexes, which are broadly diversified (but I wouldn't do so at this moment).
Incidentally my worst losses have come from selling short.
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