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.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
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
Remember to go to the Classroom tab for additional investing resources.
Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.