Yes I lost a lot of money shorting the market since market has fell 4% since I posted my positions on Sept 18 Want to guess what the market does now that it has touched 2890 SPX ? I'm out of my shorts and targeting a 50 point squeeze from 2988
And 2890?? Yep. Sixth time's the charm. ["Eventually??" Yep. Eventually.] I'm glad you're out and glad for any profit to you. Right now, I don't feel like I have the testes to call it -- I see a market approaching a cusp again: a V-Bottomⁿ where n=√tweets -√data. "Meh!" Last night, I was sure we were (short-term) oversold -- but the Euro-open said otherwise. The euro-close right now *sniffs* of low volume=low interest in selling any more. But it's too early to suggest a close above 2900........ [EDIT 11:31] If things are as flaky as I suspect they are, then the loss of European capital (11:30euro-close) and this announcement from Microbloat, will be enough to stop the slide, and send us higher into the close.] https://www.cnbc.com/2019/10/02/mic...rtphone.html?__source=newsletter|breakingnews
Did I not say it was going to rally hard soon I never bought ...I was buying other short etfs which I have been selling on this sell off...selling way to early. Sold recently SMDD DRIP LABD DWT OILD FNGD Got rid of those in the last few days Missing out on huge gains today without those. No worries If trade talks go well next week (which they wont) I'll be buying all those short etfs back when dow gets back to 27000+ But trade talks will fail and markets will probably fall 5% + that's my guess
You seem to be sure that the trade talks will fail from your other posts, so you should just shoot for the -5% to be consistent with your views.