Countertrend is counterproductive - Isn't that funny and ironical, given that when you opened your BSC, QID et al, they were uptrending, and by definition, your trades were countertrend to start with ?
BTW, good trading on all those positions you mentioned. Credit where it is deserved.
Thanks NAV. All credits go to xD, whose blog was very helpful for me to learn few tricks.
QID was a bad trade. I opened it to be a hero and got my head handed . The rest were all stocks/sectors opened because they were not responding to the uptrend in the market.
By "countertrend is counterproductive", I wanted to mean the following. Let's say I have a big profit in BSC short, and now I want to catch a countertrend rally to make few extra points. When I do that, I often end up with (i) closing the short a bit early losing few points, (ii) turning short again a bit late losing few points there. So, whatever gain I may make on countertrend rally may not compensate for what I lose in my winning trade. A better way to play it would be to go long some other strong stock for rallies, and stay short weak one.
All IMHO BTW.