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To: Robert Graham who wrote (2615)1/22/1998 1:18:00 PM
From: TFF  Read Replies (1) | Respond to of 12617
 
Bob: why would that be any different than someone who is short term long and sees the stock weaken?

I agree with you if the type of stock you were talking about was a microcrap/smallcap stock, or a stock with low daily volume . That's why I don't have the guts to short these types of stocks;)



To: Robert Graham who wrote (2615)1/22/1998 2:05:00 PM
From: dpl  Respond to of 12617
 
As most things in trading it depends on the trader and his/her style.
For me the only difference in the short side is that it takes me a few minutes instead of a few seconds to enter a trade but this is because of my broker.

I think being in a bull or bear market would be less important the shorter term one trades.For me there is little difference.

>Also, do you believe that an essential part of a trader's approach to the market is
that they have to be able to play the short side of the market?<

On first reflection I would say yes but I have an old saying"there is no right or wrong way to trade"
Whatever works over many trades and under many market conditions is "right" for the individual trader.If someone could convince me that screaming at the moon at midnight would make money I would do it.

This brings up another point.Many things that should work(because they seem logical)don't and many other things just work.
IOW.. who cares why?News is that way.I believe news means nothing except on the very,very long term.Stocks go up and down on good news and up and down on bad news.I could think of hundreds of examples.
In 1978,for instance,I was short BA and it's earnings came out the next day.Up 80%.It dropped 3 1/2 pts.

When Volker became chairman of the Fed the market went straight up because he was going to fight inflation(raise rates).Later the market went straight down.Why?..He raised rates.

David