JATrader : good luck for your shorting

Rhiox OP JATrader : I don't do short selling, just day and swing trades.

Rhiox OP JATrader : Looking at the Bollinger day chart, it looks bearish. just waiting on  it to hit bottom and reload.

JATrader : so short it? aim where

10baggerbamm OP JATrader : I'm not a big advocate of shorting stocks I would use puts not any other vehicle because you know your losses at that point when you short you have unlimited loss potential when you buy a put you know exactly the worst case scenario your cost of your premium. I'm not going to tell you to buy puts on these because they are very high beta And if the market goes positive they go positive however depending upon what administration wins will determine the knee-jerk reaction on these stocks

LittleSoldier : Already bailed on that over a week ago!

10baggerbamm OP LittleSoldier : so what I am a big advocate for and I've said this many times and I keep repeating it because sometimes people didn't read my prior posts.
if you invest in a company and you make a nice profit I would leave the profits in that stock because you don't know what the intermediate term and long-term outcomes will be. I have stock certificates hanging on my wall from decades ago when it used to be dirt cheap to get a stock certificate printed I would just request the stock certificate I'd frame it and I'd hang it up in my office. it's not feasible to do it nowadays cuz it's over $500 to get a stock certificate however if you leave your profits in the stock it doesn't matter what the near-term gyrations are if the company turns out to be a grand slam home run and you've got 50 shares or 100 or 40 shares whatever it is that can be worth tens of thousands hundreds of thousands and maybe even over a million dollars over time. so rather than have a story to tell your kids or your grandkids that a long time ago I own stock in that company I traded it you now can say yeah there was somebody that gave me an idea to leave the profits in the stock boy I'm glad I listened because look what it grew to

LittleSoldier 10baggerbamm OP : I appreciate the advice, but there really wasn’t any more profits at the time. I was looking for a better buy in, so I’m actually glad I pulled out before it became heavy losses