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?
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!