If I did it on a regular basis very soon no money... And this was as good as it got. Right before a crash in both the market and the stock. But how many times will that happen?
So I dabbled a bit. But I can see how 100% of traders lose. Every single one. Endless head fakes. And everybody does the same thing since everybody 'learns' from the same history. Unless you are a small time multi year bag holder the market will take every penny. The arrogance, the stupidity, to think that you can....
That I did. NKE DIS GOOGL FSLR GILD. Everybody was so excited. Shorting is as we know trading thus can't work. Did just a bit for fun. It has to faced - unless you are a small time multy years bag holder you will never make it (DCM NTT). Sold the banks because they were to benefit from rising rates and all the airlines because of declining oil prices. Would have kept them but the fact that they were so loved meant they had to be distributed.
This hedge fund thing. It makes no sense. You buy what's good and to reduce risk sell short something bad. S This way two errors can be made. You are 'hedged' so make big bets. Let's say at the end of December buy this while shorting JCP.
There is no guarantee. Many of these companies went belly up. It's been downhill forever. Never a recovery.
Funny. I am long msft from 27 and gld as low as 102.5. Have cde hl gg asa. It has to do with trying to figure out what people are doing. A consensus is to be avoided and at very rare times betted against. Now with this here, it kept climbing because people rightly saw through it. Only when, after the great December, they became believers, one could finally short. A little. For fun. Since its trading which never works.
Biotech also getting hit not just tech. Can you imagine those overshooting downward just like they did going up? Geez. How long were these stocks being bought? What were the prices paid when the craziness started? So does it not follow that there has to be a round trip at least?
When it collapsed to 6.7 some weeks back I was going to buy. But so was everybody else. And so did nothing. And then it rocketed up. Strange. Maybe now? The problem is that even here people are fishing oil. So doing nothing again. It's OK. Did get some HAL.