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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Bilow who wrote (3817)9/12/1999 3:20:00 PM
From: Tai Jin   of 18137
 
Yes, there are good reasons for shorting while a stock goes up (or buying while a stock is going down), but it is definitely not something that a beginning trader should try to do. Sometimes it is best to get out of a losing position without adding to it, but other times you can add to it and get out with a smaller loss or even a profit. The fact that we cannot always pick the top or bottom means that we will inevitably get in on the wrong side of a trend, at least for a short time. It all depends on the situation and how much risk you are willing to take. But in general, it's probably best not to go against a prevailing trend unless there is compelling evidence that the trend is about to reverse. The signals for reversal are generally more reliable on longer term charts, and as a result getting into a position trade before the trend reverses can be highly profitable.

...tai
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