I made 45 S&P points on the short side in a bull market. Wow!
Now let's get back to what has been the best strategy over the last 11 years - buying money losing companies at extreme valuations.
Long QQQ at 344 and ARKK at 119.70
I made money on the short side
Started by
RadioHead
, Jun 21 2021 10:08 AM
5 replies to this topic
#2
slupert
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Posted 21 June 2021 - 10:21 AM
watch Williams. if the Fed's BIG DOVE sounds hawkish, markets might react. (JMHO)
#3
pdx5
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I want return OF my money more than return ON my money
Posted 21 June 2021 - 12:15 PM
Long time ago I quadrupled my money betting on a long shot at the sulkies in Chicago.
And I lost money betting all 3 (win,place,show) on a solid favorite.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
RadioHead
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Posted 21 June 2021 - 03:31 PM
I'm not going to watch Williams and I don't care about horses.
I'm long NASDAQ. I can sleep well now. When I was short, I was nervous. I was right and made money, but it is not worth it.
When I am long QQQ, I know it will make all time highs. I don't need stops, I don't have to watch it, I care less about macro economics or sentiment or technicals.
#5
fib_1618
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Posted 22 June 2021 - 01:36 PM
Nice job...always fun when an unexpected news event happens to help the trade along!!
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#6
RadioHead
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Posted 22 June 2021 - 11:23 PM
Nice job...always fun when an unexpected news event happens to help the trade along!!
Fib
Thanks Fib. I kind of expected a negative reaction to the FED, but wasn't sure how long it would last. Long QQQ and ARKK right now, but not for long.
Internals are slowly getting worse.
