we are scaling into Shorts... eventually this will become our largest short position since the crash of 2008... we are starting with a small position and if the market rallys we will add to it on the way up... if it doesn't rally then we are going to add to the shorts and press the trade at the right time...
...it is time!
can you find us that post please... we are too lazy to find it... thanks... but if you can't produce it then everyone knows you are a liar... and don't try to cover up all those losses you took on the SPY board all those years...
can you tell us your prediction of where the S&P 500 will close on year-end-2103?... we need a good laugh
So you "officially" shorted unlike you post 2 weeks prior to this where you were "20% net short" on a move that "is not a day trade" and is the "biggest position short since 2008"?
Then you go on "vacation" only to come back and lie to your "followers" about being long the whole time?
You forgot: "......and we'll delete this post if wrong or claim we changed our minds like we always do".
Averaging down on a trade is usually a bad idea, but I guess if you throw enough money at one you'll eventually get it right. The real challenge is trading well with limited capital, you should see how hard that is to do.
we once had limited capital and we made it into something... you should try to do that same if you want to get out of the classification of limited capital ...
...we are 1.5% short the market and if we feel like scaling-into a short then that is our doing and you don't have to follow it... we don't call this averaging down in the way you think it is defined... but on a side note averaging down works when you have the right trade that will pay off nicely... happened for us when we shorted the home builders and they continued to go up an additional 75% and we averaged down before collapsing and losing 95% of their value... and since we are only a very small short and may cover when we feel it is needed