Wow, I did not realize that I had opened a can of worms. Suddenly received a few emails asking me to explain my position why I am so bearish. Wait… I am not bearish… I just happen to short the market and will be looking to short more of the market.

A lot of chart has Golden Cross which means the 50 day cross up the 200 day moving average, which signifies a very bullish signals for longer term. I agree with this statement, but price right now is away from 50 day moving average and a lot of counter is at resistance. Which is why I started to initiate shorting position. Do remember, I am a trader first. As long as price is at resistance, there is a higher chance that it may come down and I am trying to catch this movement down. And if after profit taking and looks like it will go higher, I will just close my short profits and go long again (which will then the Golden Cross is “happening”). If I am wrong and market kept on going higher, I will just cut loss and be on lookout for long position. Trading is simple as long as one leave the emotion part out (and I agree, it is easier said than done). We are human and my blood I just checked is warm. Emotion is always around, but when we trade, think logically. Play it like you play chest, oops, I mean chess. Think strategically how you want to move your pieces. Sometimes you will have to sacrifice your knight for the queen.

Oh and let me re-clarify: The email that I send out is not an advisory service. It is purely for education purposes, and I mean it seriously. If you want to trade it, do your own due diligence and consult your authorized broker. Only they can advice you. I am only giving my own personal opinion.