Quote from: TeeBone on March 28, 2014, 12:53:51 AM

Quote from: MAbtc on March 28, 2014, 12:47:37 AM

Quote from: TeeBone on March 28, 2014, 12:35:56 AM

Quote from: TERA on March 28, 2014, 12:34:39 AM

Quote from: TeeBone on March 28, 2014, 12:31:36 AM

Quote from: derpinheimer on March 28, 2014, 12:25:13 AM

Quote from: FelixO on March 28, 2014, 12:19:35 AM

puh for a second I thought my short at 474 would get squeezed

I'll see where this goes now from the sidelines

You shorted at $474? Are you fckin nuts?

Same was said to those who shorted at 1000, 800 and 600. 10K by spring yadda yadda. No one should be listening to bulltards right now.

The point is that you don't sell DURING the crash, when a bounce could happen at any time. You sell BEFORE the crash right after a bulltrap when there is low volume and everything is fizzling out and all the indicators are going down.

How do you know the crash has begun and this aint just a warmup ?

I think that this is likely. But the point remains. One should be trying to short the reversal, not short into sustained selling. Same principle as "buy the crash, sell the rally."

Point taken, but if you expect a big drop at some point, missing out on small bounces isnt that big a deal. Most of my bids are in the 200's and 300's. Maybe his are too.

I don't know what size positions you play with. Mine are large enough that a $10 move is painful. A $50 move is damn near heart attack mode.

On a move from 535 > 466, shorting 470s is playing with fire. As long as you aren't one of these people that sells as soon as they are whipsawed, you're fine. But I know what it's like to sit on a short $5k in the red, anxiously waiting for it to play out, and it ain't pretty. I take lengths to avoid that sort of pain, and I'm willing to sacrifice some profit to do it.