After today’s session you should definitely know that you are dealing with the right strategy as I did not just go out there shorting everything and anything. The Nasdaq put in a FTD today and that means shorts are back on hold. This however gives the market a chance to back and fill and set us up with much better shorting patterns. This had to happen, for us to have much safer/better entries into shorts. This is a very mixed market right now and the good news is that the three short positions I do have on right now are still all working proving that timing is indeed everything. If this market continues to rally, we will continue to have longs to make money. If this market rollsover we will then have the proper setups needed to go short again. This market is very mixed at this exact moment with a clear downtrend in place (lower highs/lower lows) but we are in the middle of a FTD on the Nasdaq so must respect that the best place to be is cash unless you are very experienced and know how to navigate a choppy market like this. I can handle but many can not.
new short positions: none
none
