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SPDR S&P 500 ETF Message Board

  • eyeinthesky2013 eyeinthesky2013 May 8, 2013 10:30 AM Flag

    Shorts Are Finally Starting to Cover After A 90+ Point Move Off Of Long Term Support


    I will never understand the psychology of a short/bermabear. They refuse to cover when the market hits long term support but decide it makes sense to cover 90+ points later. How do they manage to stay solvent using logic like that?

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    • If they're smart they hedge their short positions , cover the short and let the long run, or close both out and start over when there's no net positive return. A short position can be like a parachute when you're trading long. Traders like yourself who stay long without any protection are going to get screwed....That's guaranteed!

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