The whole truth about short positions

Recently, an investor asked me why I write in my reviews about when I buy securities and exit longs, but rarely mention the possibility to go short when the support line breaks or the resistance lines? After all, after 2009 and the growth of early 2010, many popular stocks look expensive - overbought, and maybe you should focus your trading strategy to a greater extent on the opening of "short" positions?

Я – Бык

First of all, I realized a long time ago that I'm a bull by nature. на фондовом рынке. Я лучше чувствую бумаги, которые затаились и ждут своего часа, чтоб выстрелить вверх. И когда я полагаю, что общий тренд на рынке будет направлен вниз в краткосрочной или даже среднесрочной перспективе, я в первую очередь интуитивно стремлюсь искать еще «не выстрелившие» акции во «втором эшелоне». Ибо «бычий» тренд вечно будет сопутствовать глобальному развитию фондового рынка, а движения против – «медвежьи» тенденции, априори противоестественны и часто включаются на истериках и Insider. It's like a heart on the right side.

«Шорты» – позиции короткие

Secondly, if I am and I trade from the shortI do it within an hour, within a day, or at most within a week. I just don't have time physically to write about a new position. And, despite the fact that I open short positions for such a short period, I try to have a very good risk/return ratio, that is, the resistance was close at hand, and it was clearly drawn, and the "margin" down was significant 10 - 15%.

The Debt Game

В-третьих, игра от «шорта» – это всегда gambling. You can wait out the storms of the stock market as long as you like. And when you are dripping with messages from an investment company about your margin level, your intuition and logic very quickly shut down and all the laws of technical analysis are forgotten. So if you use borrowed funds, no matter paper or money, always keep your leverage ratio at 50-60%.

Conclusion

Я ни в коем случае не хотела рассказать о том, что «шорт» – это плохо. Но лично для моей торговой стратегии, которая подразумевает под собой в большей мере среднесрочные инвестиции и ловлю красивых больших трендов – игра с заемными бумагами не стоит свеч.
On a successful "short", because market falls often pass quickly and vertically you can catch good money, but just as easily you can lose it before you have time to orient yourself. And to the long, sometimes tedious, uptrend You can always join in and wait meaningfully for the profits.