Re: Why people fall in love with shorting
We know as traders that when the markets fall, they can fall hard.
What's the catch? A day like this is not common at all and anyone that thinks they should prepare for the giant short day will get hammered in just about every other market condition.
Don't get me wrong, we want to catch this move when it happens, but just do not fall in love with shorting b/c one day had a massive move. If you can constantly predict this move, more power to you. Most others will not be able to do this with regularity, so it's important to not get caught up in one day of big action down.
And even though these days are not common, you have to at least be aware of a possible strong trend day if you do not trade the trend well. A day like Fri could wipe out many accounts if you were just waiting for that bounce to happen.
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