yes it is for sure, but it's also about timing and momentum.
Steve will tell you that when he was a broker in 1999 some of his
clients saw the bubble forming and shorted some of the tech stocks
but did so too early and got creamed. They were right of course,
but timing was off, too early
who's we? 99% of ideas here have been long and we've put out
some hedging ideas from time to time (TZA worked just fine
recently) as IWM fell to it's 20 MA. Otherwise focus here is on
playing the trend and finding actionable trade setups, not shorting
bull markets just because. Also it's made very clear here when
short term MA's 9, 20 50 have a strong up slope that shorts are to
be taken off quickly after a move. You don't get your big sell off
tops unless those MA slopes have flattened out then you can give
them more room. But when you catch a nice short when the MA's are
strongly sloping higher be liberal at taking profits on a 1 or 2
day pullback
i know all about that my point is it is a bubble . i was in the
last trades and sold them as i posted was also building postions in
gdxj and 10 other gol stks i sold out that day aand locke in 27k.
so now i am waiting for you short call.
yes you are right just blows my mind they want to raise capital
gains to 44% oil will go up and inflation will take off ...so u
basically will lose what half your 401k in taxes makes no sense to
me
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yes it is for sure,
if this aint a bubble i hav no clue is
Posted by matt on 6th of Jan 2021 at 10:46 am
yes it is for sure, but it's also about timing and momentum. Steve will tell you that when he was a broker in 1999 some of his clients saw the bubble forming and shorted some of the tech stocks but did so too early and got creamed. They were right of course, but timing was off, too early
If we keep shorting a
Posted by arun on 6th of Jan 2021 at 11:39 am
If we keep shorting a bull market one day we will get it right.... If you survive till that day
who's we? 99% of ideas
Posted by matt on 6th of Jan 2021 at 11:45 am
who's we? 99% of ideas here have been long and we've put out some hedging ideas from time to time (TZA worked just fine recently) as IWM fell to it's 20 MA. Otherwise focus here is on playing the trend and finding actionable trade setups, not shorting bull markets just because. Also it's made very clear here when short term MA's 9, 20 50 have a strong up slope that shorts are to be taken off quickly after a move. You don't get your big sell off tops unless those MA slopes have flattened out then you can give them more room. But when you catch a nice short when the MA's are strongly sloping higher be liberal at taking profits on a 1 or 2 day pullback
i know all about that
Posted by RP on 6th of Jan 2021 at 12:56 pm
i know all about that my point is it is a bubble . i was in the last trades and sold them as i posted was also building postions in gdxj and 10 other gol stks i sold out that day aand locke in 27k. so now i am waiting for you short call.
yes you are right just
Posted by RP on 6th of Jan 2021 at 10:51 am
yes you are right just blows my mind they want to raise capital gains to 44% oil will go up and inflation will take off ...so u basically will lose what half your 401k in taxes makes no sense to me