screwrealestate_IHB
New member
<p>Just wanted to see what you guys use as selling strategies for both shorts and longs. I bought SRS and SKF (inverse financial and housing) and at the lowest point in the market last week, was up 25% and 17% pretty quick. I was thinking I was the sh!t and called it perfectly and a few days later and I am down to up 10% on each. My long on Nintendo was also popping huge and was getting a bit heated. It always seems that every time I am thinking "I am the sh!t" with my investments a big correction always happens! Nintendo is heading back up at 72 after dropping from 77 to 66 and I am holding it long but could sure have made some $ by trading it. </p>
<p>So the question is what kind of exit strategy do you use when getting into something, do you modify your strategy after good profit-taking chances, and how would you trade the shorts? I am loooong Nintendo so am not sweating it too much but am a big annoyed at myself for the shorts. I knew financials were quite oversold on bad news but I also do truly believe that things will get much worse. I saw the rebound coming since that is how things go and the market is really trying to stay positive with delusions that we are through with the writedowns. I think that I am going to start using my gut that when I say "I am the man!", it means a correction will happen and so to be realistic. </p>
<p>Sorry for a convoluted question but just wondering how you guys would trade the Inverses...</p>
<p>Hold long and wait till the bottom (2008 maybe 2009?)?</p>
<p>Trade within ranges and watch the news for indicators of the ups and downs?</p>
<p>Set % goal limits?</p>
<p>Thanks!
</p>
<p>So the question is what kind of exit strategy do you use when getting into something, do you modify your strategy after good profit-taking chances, and how would you trade the shorts? I am loooong Nintendo so am not sweating it too much but am a big annoyed at myself for the shorts. I knew financials were quite oversold on bad news but I also do truly believe that things will get much worse. I saw the rebound coming since that is how things go and the market is really trying to stay positive with delusions that we are through with the writedowns. I think that I am going to start using my gut that when I say "I am the man!", it means a correction will happen and so to be realistic. </p>
<p>Sorry for a convoluted question but just wondering how you guys would trade the Inverses...</p>
<p>Hold long and wait till the bottom (2008 maybe 2009?)?</p>
<p>Trade within ranges and watch the news for indicators of the ups and downs?</p>
<p>Set % goal limits?</p>
<p>Thanks!
</p>