Hmmm...you couldn't cough up one direct link to a Youtube video in reference to what you're talking about. My point, its natural for traders to Short down markets and to go Long up markets except for those that try to pick tops / bottoms (counter-trending). Seriously, did they Short in February and March ? As for Biotech...a few recently took some hits after some negative news about their testing results of the Covid-19. I can understand why someone would be shorting specific stocks in the Biotech industry. wrbtrader
He might’ve not want to promote any specific video, while also asking traders already familiar with those videos and being familiar with the topic. An example would be most videos from Steven Dux. He has 142k subscribers on YouTube, and there is a reason for this. SMB Capital also covered this topic a few times. Tim Sykes also made most of his money shorting, though now he trades both long and short. The stocks he and others are shorting don’t have anything to do with the market, and are mostly uncorrelated to the market. Penny and micro-cap stocks are pumped and dumped every day all year long, the same with companies sending out fluffy press releases about starting crypto dovisiom, producing face masks, or working on some large contract while not having any revenues. They can lose 80% value in days, regardless of the month. Trends also don’t matter because for every such stock that trends up there are two that trend down. This is not 100% win rate when you never run into up trending stocks. In fact you lose every day on some and make money on others. Those traders on YouTube also share and talk about their losing days. There are many that may be fraud, but shorting penny stocks is a big business and plenty of traders focus on it. I can’t match any of them with automated trading, but I trade the same stocks they do and can see that with a bit extra work (like reading through press releases), observing short float and price action, using level 2 data, and being able to pull the trigger in seconds - they can be quite successful. Only unsuccessful traders don’t believe that trading successfully is possible.
Thanks and that would make sense about why he doesn't post any links to videos. I've myself have done the same in the past when someone ask me for a link to something I've notice on Youtube Live, Discord and Twitch...becoming more used by traders. wrbtrader
I have one simple theory that has nothing to do with trading: You post on YouTube mainly to collect viewerships, they make money not by trading but by collecting viewerships and then ads. In these day and age, to create excitement, much more entertaining if you are a short seller shorting TSLA, SHOP... than one of those buy and hold TSLA, SHOP... or grinding it out traders.
Any fears of being short some $2 biotech that halts and reopens at $500 after announcing they've cured cancer? Do you position size at .1% of the account or similar?