I’ve never been able to understand this “bulls vs bears” thing , and the sentiment / psychology that goes along with it. I thought this was called “trading”! How an individual can cling to a specific side of the market and essentially “turn a blind eye” to the other is beyond me. Trading currency , and having no bias what so ever allows a trader to take advantage of “any and all” market conditions, as currencies are always fluctuating relative to one another.
As things slowly go “to hell in a hand basket” or inversely “rocket to the moon” having a specific bias / preference can only hurt a trader’s performance , and place considerable limits on the availability of trades.
I’ve been told that it’s very difficult to make money “on the down side” or that “getting short” is a fools game.
Absolutely ridiculous. In fact – I’ve consistently done much better during times of “fear” than during times of “greed”, as the emotions related to “fear” drive much larger moves in markets.
Keeping an open mind and harnessing the ability to trade both sides of a market can only help you in the long run. No one can expect things to just “go up forever” or in turn “dive to the bottom of the ocean” never to be seen again.
If you expect to survive the next 18 months I strongly suggest you look into trading both sides.
I’ve banked another 4% in the past 24 hours with my short USD trades as well several long JPY’s. The USD is currently getting creamed (as suggested) as it’s been trading “alongside” U.S equities for some time now. Japan has sold off (as suggested) hard here and U.S stocks look to follow suit.
I expect further weakness across the board.