No ThanksGiving for Novice Shorts this year.
This is the week that always crushes Novice Shorts during bull runs.
Why? Because Novice shorts get sucked in the week prior to Thanksgiving during options expiration week, when stocks on average tend to selloff.
Novice shorts grow more confident during that week as they see their portfolio's rise by shorting and when that happens they get greedy and tend to double down. So whats gonna happen this week?
Novice shorts gains of last week will quickly turn to losses this week.
Market Trends are extremely Important:
If you don't know the general trends of the market at certain times of the year then beware the market does not take any prisoners it shoots to kill.