13-11-2024, 08:45 AM
(13-11-2024, 02:05 AM)S I M T A N Wrote: 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.
Yes, when trading using CFDs, one tends to short more. This is because the stock market price usually inches slowly when going up but falls very quickly when coming down.
Omi.. Thank you for bumping up the message.