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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 4rthofjuly007 who wrote (58721)	4/29/2002 4:18:19 PM
From: sylvester80	Respond to of 99280

Had I also stuck into my guns when shorting as the market was going up in late last year, (as most of the same perma-bear names here did), I would have lost some 20-30 million as stocks doubled and tripled and short and hold traders got hit with margin calls (and probably most of the names here who were short and hold did lose money). There is no black and white answer in trading. I choose to day trade at opportune times (on sharp declines on the 1/5/10 min chart at the bottom of their lower bollinger band) and use the traders with the most fear and greed in them to my advantage. And at this stage I choose to trade on the long side and taking advantage of the short fear and greed the same way I tool advantage of the long fear and greed on my short day trades late last year. Has worked quite nicely thank you. And BTW, do the math on 20-30 thousand a day for 100 days... <vbg>