"If only I could get myself to trade both ways (long and short)...."
You know, short is just a chart flipped upside down. It's not a big deal, but most people just can't bring themselves to do it, having been admonished by all the textbooks and brokers. I've never seen a stock that opened up at infinity, but seen countless ones open with a 50% haircut. The bottom line is that it's somehow un-American to sell, and in particular, sell short. The problem there is that things fall at a much faster speed than going up, so there's a lot of money to be made. Besides, if there were no people short, who will be buying lower? Not the people that are already holding the bag! Probably the biggest reason why the Net stocks fell so hard was because they were all but impossible to short. With everyone long, who was going to buy on the way down? The supply-demand equation was just so lopsided.
As for TradeStation, I don't know what would help with the learning curve for not-so-Easy Language. I have used TradeStation since 1996, but have depended on the co-founder of my site, Michael Friesen to program it all for me, since I am a dunce in that department. Honest to God, I can only count in multiples of 10. But that's OK. I can trade!
Teresa |
