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Re: bar1080 post# 1324

Friday, 06/30/2017 11:41:42 PM

Friday, June 30, 2017 11:41:42 PM

Post# of 37346
I somewhat agree. Being short is more or less the same as being long. If one closes the position at a profit, there is always the risk that one does it too soon or too late meaning you could have gotten more profit. Taking a loss being long is the same as taking a loss being short. I've lost money being long and being short. And, I have to say I didn't feel any better losing money when I was long versus losing money being short. So, if we were talking about the game Roulette and Black was Long and Red was Short, I take your point as you would always bet on Black. Thank you Wesley Snipes (Passenger 57). In reality, the Stock Market is like playing in a Wall Street casino. When you win playing Black, the person playing Red loses. But, the person playing Red wins, you lose. The only way to avoid a loss is to stay out of the game.

It's called a confidence game. Why? Because you give me your confidence? No. Because I give you mine. -House of Games (1987)

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