RE:RE:Volume SurgeLike the saying goes: "don't hate the player; hate the game"
The whole reason I was buying WEED below $4 was due to short-selling: I factored in the s/p overkill and guessed that imminent news would be released assuring a decent short-covering rally considering that the stock was in oversold territory/new lows. I sold the run but didn't expect
Friday's massive rally so soon.
It's always a 2-sided trade so it's important not to let your emotions rule the day. If you're willing
to bet against a rally, time the trade appropriately, you deserve your profits.
I don't short stocks and never have mainly due to the timing issue plus I just love an inevitable
short squeeze. In many sectors, I have the shorts to thank for my successful long-trades as I'm
mostly a technical-based trader. If I like a company, I'll typically hold some positions while trading
additional shares (day/swing trades).
The SEC recently adopted new rules to increase short-selling transparency:
https://www.sec.gov/news/press-release/2023-221