We might be bearish for 1-2 more weeks
The market last week was initially going up However, it crashed during Thursday and Friday. For this week, we are most likely continue to be bearish. I am keeping my short position for another week or two, depending on market conditions Shorts are used as a hedge for your portfolio. Small short positions are great as you hold cash while the market is going down. Larger short positions are only for experience investors who know what they are doing and want to make a profit on rare but profitable movements of the market. You will learn various techniques to hedge in Investing Accelerator, which is useful to protect yourself during a bear market. If you wantthe lifetime membership for InvestingAccelerator, here's the 33% discounted link $499 a month for 12 months (LINK) Cheers, Eric --- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In February, my goal is to help 10 people with no financial background master investing. You will learn two strategies: • Long-term investing with options — learn how to find discounted blue chip stocks using technical and fundamental analysis You will also learn how to hedge during a bearish market to protect yourself • Monthly passive income — learn how to generate cash flow for retirement or replacing/boosting part of your salary using options Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free If you’re interested, you can hop on a free strategy call with me or Michael to see if you are a good fit. Schedule a call here: https://bit.ly/48mJlgR To date, we have 740+ students in Investing Accelerator.