InvestorsHub Logo

swing_trader

07/25/13 8:56 AM

#196 RE: Mouthhee #195

Lets let the market open and I will post another chart that shows todays candle on it. Right now im down about $3,500 on this trade. I was up $750 on the first day I shorted it but I see a lot more downside potential. I cant always hit the exact level a stock or future will fall but I get close enough. Although I do take a lot of short positions I would say that 90% are in the futures markets. They are extremely volatile and easy to read. A lot of people think its wrong to short stocks and so did I when I first started. But I learned one thing about todays markets. Its no longer a mom & pop investing thing. Those days are pretty much gone. Todays markets are owned by day traders and if someone wants to really survive they need to learn to play both ends. When a stock is way over extended its going to sell off due to profits and shorting. For people that like to scalp that's a good thing.