13-11-2024, 02:05 AM
(12-11-2024, 10:30 AM)pinkpanther Wrote: Hey Butt, you're a day trader, but why do you always seem to focus on shorting? It's important to remain flexible and seek out opportunities to both go long and short...
It is akin to you only knowing doggy style...the other styles hold no significant to you
I'm not sure about Ah Butt, but when I got my teeth into futures trading, I took to shorting the market. It was probably because I liked the idea of not having to wait too long to realise my profits. Take the S & P 500. It often spent a large chunk of its trading session moving at an agonizingly slow pace to the top of the day's trading range. When profit taking set in later - wherein I would have entered a short position - prices would go back to ground zero in double-quick time. The whole process is likened to 'longs' who spend many hours laboriously climbing the stairs and the 'shorts' running down the stairs short and sweet. Once I got into the groove, I was a one-trick pony. I could only go short. It's hard to unlearn one's trading style.