Skyscraper Appreciation Wednesday, page-12

Just sitting and watching market action now - Very sad.

Overall short position goes up, as buyers start adding up on shorts after the price has started going down. Once enough shorts are stuck at a lower price range, market refuses to go up and instead moves up and overall short positions come down as shorts get squeezed. Now, the shorts who got squeezed out are angry and go buying instead of selling. Now the market just dips back nicely. Utterly hopeless - you'd think this is unlikely to happen if they had manageable position sizes and don't need tight stop losses. It's really messed up that most retail traders lose so much money.