A Bad Short Trade (with emoticons)

A Bad Short Trade (with emoticons)

 

 

 A Bad Short Trade (with emoticons)  The market is too high, so I am going to go short. It has to go back down.

A Bad Short Trade (with emoticons)  I don’t need a stop loss because I know I am right.

A Bad Short Trade (with emoticons)  Hmmm…it went higher? That is just crazy! Now it is wayyyy too expensive. I will short more, because it has to go down soon.

A Bad Short Trade (with emoticons)  See, it stopped going higher! I am right!

A Bad Short Trade (with emoticons)  Well, even though it turned around and started going higher, these are the just the suckers rushing in. Once they stop buying, it will go down.

A Bad Short Trade (with emoticons)  Today it went through all-time highs. This is resistance, it can’t go any higher!

A Bad Short Trade (with emoticons) Wow, a gap up. Now this is just ridiculous! I need to be patient and it will come back down. I can’t buy to cover now and lock in these paper losses. 

A Bad Short Trade (with emoticons)  Margin call? I will add some money to my account. The sell-off will be here soon.

A Bad Short Trade (with emoticons) Okay I surrender! I can’t take any more of this pain. I will buy to cover my shorts.

A Bad Short Trade (with emoticons)  What? It has just been a day! How can it be reversing, and falling to a support level on a correction??