InvestorsHub Logo
icon url

weazelboy

07/20/18 10:47 AM

#40365 RE: ProfitSnatcher #40363

A really neat feature that every broker has is a 'sell' button. You see, that gives you the ability to sell your position and walk away...so you don't have to "wait" for anything and it alleviates the stress/frustration of said position.

As for shorting, you don't need shares to short...they make actual inverse ETFs for every part of the sector that you can buy that are designed to do that very thing and are readily available at all times.

I've always gotten the impression that you seem to be a 'buy-and-hold' type individual. If so, that is the problem when playing in this sector. There has been nothing about 'buy-and-hold' for years here. In fact, every time I do that very thing (such as now)...I get my a$$ handed to me. Normally, I'm in and out within a day or two...win or lose...and play both sides. I know it works, as in spite of my massive paper loss right now...I'm still up 6 figures YTD in this sector. Is it frustrating to deal with? Heck ya! But money can be made here if traded the right way.

The big pop that everyone always talks about may or may not ever come. It sets itself up all the time (kinda like the beginning of the month that turned into the trap I got caught in), but never comes to fruition. That's why trading is the best option, for now, in this sector. Best wishes to you!