This seems like a real tough place to go short unless you are looking for a few points interday. Based on my indicators, the market is still very oversold and is in an uptrend which are two very strong forces that you will have to contend with if you decide to short the market right here. If you do decide to short, you should probably keep on pretty tight stops.
Add this to the list of SouthB Itch quotes which demonstrate his complete ignorance of the the ES contract. He actually thinks that a drop of less than 2% causes a forced liquidation. Seriously, this is right up there with his claim that 800 SPY are the equivalent of 5 ES.
What an effing buffooooooooooooooooooooooooooooooooooooon.
Never use stops, ever, ever, ever, NEVER! Here's why.
Once you set a stop loss, you set yourself up for the most manipulated scheme MMs have. You'll almost always get stopped out, even if y'all picked a great short. Almost all amateurs lose this way, remember KK Donut, huh?
So far, I have never lost money on a short. Da secret: pick da right short and hold it forever. Picking da right short is da issue. Also, don't put too much money on it. I never bet more than 1% of my trading account.
My most recent short: FB @ $27.50. This stock won't be above $17 BEOY. I tried to short da IPO, but, couldn't borrow any shares. This is da single best short since 2008.
C Yaz - Da Bear Cares [CGDGE] ( BTW, in da past 10 years, less than 5% of my gains were made shorting stocks. It takes HUGE BALLS to hold when everything looks like it's going against ya. If you think you know, short away, BUT, never ever use a stop loss, just bet less. )
not only was the call wrong....you couldnt have held the position and the worst is that you dont own any equities...127.55 you did nothing.....portfolio is up 20.25% as of last print....dude you are completely BS.....keep retending that you know something..lol
you shorters should all short since the fool on CNBC just said he can not see the SPY going any higher,, maria said earnings are weak,, so sounds like they are all short or playing the fear game,,i say we see spy 1400 and 140+