(03-30-2020, 02:50 PM)Senor Fantastico Wrote:

(03-30-2020, 02:11 PM)jagibelieve Wrote: I've never shorted anything.  I just don't have the experience to do it so I would say that I'm more "chicken hearted" than you.

To be quite honest when I heard The President announce the April 30th date during his press conference yesterday I expected today to be a down day as well.  I'm not sure what to make of it, but in the financial news today it was speculated that at least a hard, firm official date backed by the medical experts in the administration's task force might have had the opposite effect from what I was thinking.  The other thing that was pointed out was the fact that this is the close of Q1 and the start of Q2.

As I said before I want to see how things go this week before I make any moves.

They have ETFs that short for you. They basically mirror one of the indexes. Or inverse them at a factor of 2 or 3. Risky, but you can make nice money day trading in a down market using them. 

My "guru" says we're seeing this because all the scared money (like me) is on the sidelines waiting to call the bottom. The rest are averaging down. Makes sense.

I don't day trade I normally invest for the long term.  Just my opinion, but I think day trading is risky and is pretty much "gambling" more than investing.  I realize that there are a few day traders that are successful, but in my opinion it's just too risky.

I'll take my short term loss in my position on Boeing right now and hold off for the long term eventual gain that I'm hoping will happen.  The same could be said about my position buying Micro$soft.  I ended up buying a bit too late, but at the moment it's doing quite well and I imagine by the end of the year I will have some nice gains.

On another note, if you would have asked me yesterday if the market was going to be up or down I would have leaned towards a down market.  The DOW being up over 400 points or above 2% certainly caught me off guard.  This is coming in during the last hour of trading.

What I like to see is the fact that we didn't see any wild swings and it appears that we will end up in the positive.  This week should be interesting.

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