Quote Originally Posted by idbefishing View Post
It wouldn’t be gambling if you’re certain in your prediction right? Same with when you go long. Why not making money both ways? The short profits could pay for your longs.

I follow the old saying Markets can stay irrational longer than you can stay solvent. I choose to stay solvent and wait for a good entry. Warren Buffet even stated that the stock market is a device for transferring money from the impatient to the patient. These irrational markets with “rip your face off rallies” will liquidate shorts in a heartbeat and you never really know when one of those will happen.