Odds are that today is not the end of a bull market or even the end of a huge bear market rally, whatever you choose to call it. Historically most tops take a while to develop. Crashes tend to occur after an uptrend has been weakened considerably and more often after the trend has changed. I am still only 40% short. IMO the best way to know when to increase short positions is when they start to increase your equity on down days and at least do not hurt you on down days.
Thoughts On Today
Started by
James Quillian
, Feb 22 2011 07:00 PM
3 replies to this topic
#1
James Quillian
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#2
jjc
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Posted 22 February 2011 - 07:06 PM
Hello James.Odds are that today is not the end of a bull market or even the end of a huge bear market rally, whatever you choose to call it. Historically most tops take a while to develop. Crashes tend to occur after an uptrend has been weakened considerably and more often after the trend has changed. I am still only 40% short. IMO the best way to know when to increase short positions is when they start to increase your equity on down days and at least do not hurt you on down days.
"when to increase short positions is when they start to increase your equity on down days and at least do not hurt you on down days."
I'm a bit confused about your statement. Are you carring both long and short positions?
#3
James Quillian
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Posted 22 February 2011 - 07:15 PM
Yes, I should have added, from the vantage point of a position trader. I make a concerted effort to be short weak stocks stocks and be long the strong ones. I've always held positions but several years ago, I started holding both shorts and longs at the same time.
Hello James.Odds are that today is not the end of a bull market or even the end of a huge bear market rally, whatever you choose to call it. Historically most tops take a while to develop. Crashes tend to occur after an uptrend has been weakened considerably and more often after the trend has changed. I am still only 40% short. IMO the best way to know when to increase short positions is when they start to increase your equity on down days and at least do not hurt you on down days.
"when to increase short positions is when they start to increase your equity on down days and at least do not hurt you on down days."
I'm a bit confused about your statement. Are you carring both long and short positions?
#4
jjc
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Posted 22 February 2011 - 09:07 PM
OK. It makes sense to me. Thanks.
