The markets are full of it. The Bulls AND Bears are scared. The next 8 trading days are crucial in the short-term. The NASDAQ's resolve will be tested.
If you are long, you are nervous.
If you are short, you are nervous.
We are still short and even added a little more at the close yesterday. We are very nervous too. We had an opportunity to lock in a large gain in our short positions. Our instincts won't let us out of the trade. A 30% correction in the NASDAQ is there. We see it in our dreams.
Our vision will either pay us very handsomely or cost us a fair portion of our capital. Nobody really knows how this is going to play out. We failed to fully capitalize on our gut feelings many times and this time when we decided to play it out. It is extremely difficult to not sit this trade out.
This is trading in it's purest form. The fear of losing money because you believe your analysis is above the vast majority. A trader will need great resolve in situations like this.
