Now is not the time to throw in the towel on Equity short positions.
If anything, I would add to the short.
The following is a quote from one fellow blogger, Credit Bubble Stocks:
"A trading process that attempts to avoid any drawdowns by violently and immediately covering shorts and selling longs at the first sign of difficulty is unlikely to work. If it was possible to invest without drawdowns, then no one would need any capital to invest; you could leverage infinitely on margin."
We are not momentum chasing lemmings. We know what is coming and we are positioned for it.
Once again, have patience bears!
If anything, I would add to the short.
The following is a quote from one fellow blogger, Credit Bubble Stocks:
"A trading process that attempts to avoid any drawdowns by violently and immediately covering shorts and selling longs at the first sign of difficulty is unlikely to work. If it was possible to invest without drawdowns, then no one would need any capital to invest; you could leverage infinitely on margin."
We are not momentum chasing lemmings. We know what is coming and we are positioned for it.
Once again, have patience bears!
