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S W
Member since May 2012
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This is Why I Don’t Short Anything Anymore - Wolf Richter -

With respect Keith the lenders cover their backsides with all sorts of instruments. They don't lose in the long run.
That's why they are banks.
I do not care one iota if someone loses when I win.
I just don't lose more than I win because I have stops (always) and crucially I 'NEVER set a limit' and in fact because I do not know what the market is going to do in the future I let the market take me out.!! That is really IMPORTANT
Its all vey impersonal.
I spend no more than 15 mins a day doing my thing ,which I call "go with the flow trading" and if that is going short some stock then so be it.
F.Y.I ---I mostly trade Indexes,currencies, and PM's but my favourite is Spreads in the Futures commodities markets.
SW

PS: There are crooks in all walks of life and for sure in trading but I do not think that it is as bad as it is made out in some sections of media.
As an end of day trader like myself all the info is in, be it good ,bad, or manipulated so what happened in the previous 24hrs is history and I simply go with the flow,long short, or stay out. PS currently I am short the $AUD/USD as at 14 march i will tell you when I am taken out!!!

Commented 2962 days ago

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Beginning of the headline :The moment of maximum pain. Goldman Sachs called for the end of the epic short-covering rally that had whipped crude oil, oil & gas drillers, and the broader markets into froth over the past three weeks. As if on cue, the rally started to unwind today. But it was scheduled for demise from get-go. When oil fundamentals are this terrible, they eventually rule. And here is what that rally did: It inflicted maximum pain and destruction on the short sellers that had piled into the trade. Last week wa... Read More

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