Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (41010)	3/29/2005 6:45:09 PM
From: chowder	Respond to of 206322

Your Dogginess, thanks for the kind words. I'm even more glad that you finally decided to play the short side of the market. Once you learn to work with stops, there isn't any more risk shorting than there is going long. In fact, shorting makes you a better player. You can't hold when you make a mistake so it causes you to minimize losses. I can't imagine you taking a 40% drawdown in a short position but people do it all the time with long positions. Of course, there are times when a 40% drawdown might not mean much, like when you are up 300% on a trade but, early in the trade, it will kill you. Yes sir, love them shorts. I try to play at least one every day. It forces you to look at both sides of the market and eliminates some of that bullish bias we sometimes let take control of us. Good job on your puts. Set your stop target and watch it. dabum