...only day trades from now on!
Not only are shorts being squeezed to death but brokers are charging enormous amount for hard to borrow stocks (TOS charges 17.5% APR to short UA for example - outrageous!) but also there is no more mean reversion for swing trading any positive beta stocks. Every down day looks like a downday untill it gets pumped close to or over the open to close positive. It's disgusting but it's reality.
The only mean reversion left is intraday with 3 minute tick diversions and/or keltner/Boillinger Bands breaches on choppy range days - that it.
Now i'm on a quest after negative beta, high ATR short squeezer stocks like these.
Volatility is plentiful and mean reversion opportunities can be found if one looks hard.
So no more overnight positions, no more disappointments. It basically comes down to looking for weakness in the strongest market leaders: Shanghai, Tech, Emerging Markets.
Granted, Shanghai has shown a great down day today, the real test is throughout the next few days and next week:
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