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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: majormember who wrote (16180)4/20/2000 8:29:00 AM
From: Rashid Garuba  Read Replies (1) of 59879
 
Hey Steve O! I did short TERN remember? Didn't hang on as long as I should have, but made money. Shorted CMRC also, once again not nearly making what I should have. You are right, for any trader to become really legendary, they must learn to trade in the direction of the market ALWAYS, if there is a direction, and that means shorting. I nearly wept looking at the daily over 10pt drops in stocks... finally pushed me to the 2 shorts I did. It is nearly routine for markets to fall March/April.. should spend February changing hats as it takes me so long to reverse my thinking.

One thing to remember is some view shorting as not quite right as you are creating phantom supply. But some stocks deserve such treatment. And Finally, the next best thing to not shorting a bear market is to do nothing.. still not a bad plan if one doesn't like shorting. Worst of all is staying long.. especially in the sector responsible for the mess.

Very good trading Steve. Proud of You.

Icidentally most are expecting NASDAQ to head down again. B2B's have been weakest so I may do some dark trades there.

Rashid
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