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I wish it's easy to say that "guys, let's short market now and we shall all make money". All I can do is to provide market direction where you guys use your own signals to make your moves. As you guys can tell that I'm right many times with my short-term outlooks during past few months, which I don't see any different this time where I think we are sitting right at the eye of the storm, which any big drop will happen at any time.
As for those who plan to buy puts, I suggest you guys to choose at least 2-4 week expiration date (again, I'm not recommending any buy/sell here as this is not my job to tell you what to do.) In my opinion, any short/puts holding starting today will literally become profitable trades within a week or two.
So, good luck to all. I hope nothing for you guys other than making some nice profits if this turns out to be a waterfall in short-term time frame. As for me, I'll put lot of sideline cash into this one starting tomorrow with highly confident that I'm right again this time. |
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