BBUS, page-8519

BBUS is only for the days you know the market will drop. It should never be held long term. That little line you are looking at always starts in the lower left and finishes in the upper right. Holding any short across an index for prolonged periods could cost you some serious dollars which I have experience in. A short loss is proportional to the timeframe you are holding it. History tells us the longer you hold it the more you will lose! The nice thing about short is that an equity or index always moves in an elevator down and stairs up kind of fashion. It is this movement which ticks all the boxes for feeling good when it happens. A shorter must know when to enter, have a definite target return (or stop loss) and know when to leave. You have to be right twice in a very short period of time.

I am thinking there may be a short entry point on the SPY (BBUS) for 19.8.20 10am-1pm AEST.

Good luck traders.