Let my example be an example to you all. Overtrading is silly and makes you no money. I have a conviction that the market is headed much lower and I want to hedge my longs. So I buy lots of ultrashort S&P (SDS) in anticipation, and make real $$. Then, I try to get cute and try to avoid the short covering spikes.
This is silly. It's overtrading and it makes you enter positions at the times OPPOSITE what you should -- after the move has already begun.
I am opening new shorts tomorrow using SDS and QID, and I'm not letting go.
Showing posts with label QID. Show all posts
Showing posts with label QID. Show all posts
Wednesday, June 9, 2010
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