How am I feeling after a stunning rally in last few days? pic.twitter.com/jBQBS3ZS1n
— Deepak Singh (@smarket) August 16, 2017
I have been supper Bullish on Global markets for quite some time but all that changed in last one month. Most of the stocks were refusing to go higher and you could see the internal strength of the market weakening. Hence When the market tanked on North Korea news - I made this assessment
It's time to be Neutral and Out of this market. It's not behaving well
— Deepak Singh (@smarket) August 10, 2017
But what has market done: It has bounced back with intensity. Yes it does hurt and I feel "Very Bad" but this is the market for you. Am I angry or bitter? Nope. I understand this is market. Sometimes, you take cover and market says...Sorry you were extra cautious.
I have always advocated against taking SHORT position in BULL market because that's what kills you the most in BULL market.
One should always take windfall gains if they come in short period of time but in bull market..never try to short the market...suicidal
— Deepak Singh (@smarket) July 28, 2017
Here's what has happened to the SHORT SELLERS in last few days:
SPOTTED: Training camp for short sellers. pic.twitter.com/fsoI1412dq
— Sven Henrich (@NorthmanTrader) April 25, 2017
This is I teach all the time: It's ok if you are uncomfortable with the market and decide not to participate...but shorting is pure EGO.
One should never short in Bull market...period. And anybody who talks about it...how smart one is doing that - is playing with fire
— Deepak Singh (@smarket) July 24, 2017
This is one Lesson you should learn again and again
Took a quick look at markets and it reminded me why we do not short uptrends. Trading 101.
— Assad Tannous (@AsennaWealth) April 25, 2017
It's ok to miss out some moves but no ok to stand infront of moving train and get killed
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers