InvestorsHub Logo

bucks2pennies

06/27/22 6:20 PM

#71208 RE: vdog1776 #71195

Have to agree. Short accounting is so unreliable. Day traders mostly - in quickly, out quickly. The wonders of electronics. Fast buck works. Do it enough and successfully, big bucks flow your way. They know greed, taxes and fear is the driving force in the OTC. Can't be a nonbeliever if you expect to gain in this market's flux.

They have proven means and they most certainly use it to their advantage, screw retail trade. Long term investors are a thing of the past. Those in the know do recognize longs mind set on going long for tax purposes and know how to use the system to suck the green out of any long's pile while sitting on the sideline.

I remain strong with this perception and have taken a long time to develop it to my loss. Always a long in heart, but never 100% again. Long for the tax advantage but a short-term retail trader now.

Never play the short side because it is so obnoxious to me - so damn contrary to the concept of supply and demand based on fundamentals. But I have no intention of having shorts take all my gains while I wait to get there. I think of myself as a gamer now. So be it.