Been shorting the bounces for the past week, now am 15.5% short with all positions nicely profitable. Still bearish. The fed is tightening into a slowdown. Like a train heading off a cliff with the fed pressing the accelerator.
The market probably bounces next week, I'll load up on more shorts. 15.5% short is small compared to 98% long.
Theres a small chance the market crashes next week, if that happens I'll hold my shorts, not trade around them. They are a hedge.
Real money in the markets is made by being long. These shorts are just a trade, maybe 2-6 months, to help me survive until its time to go long again.
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