Risk Free Short Selling
I've never shorted a stock, and I've avoided shorting even in CAPS.
But I'm curious if my system, which works pretty well on the long side, would work for shorting as well.
Other than picking the lowest ranked stocks in my system, I pretty much don't know what I'm doing at this point, but since it's only CAPS, there's no real risk.
If I get this figured out maybe I'll play around with a little bit of real money someday.
I do like the hedging aspect, just in case the market "corrects" (Note: "corrects" is what the market used to do from time to time in the old days. Some very old people believe that it might even happen again someday).
At any rate, I came up with ten candidates. I'm a little bothered that 4 of them are biotechs since biotech is more of a gamble to begin with but, like I said, it's not real money. I was surprised that ISRG made the list. The biggest name is TSLA. I was also surprised to see a 3D print company and a well-known organic food company make the list.
Several big name internet stocks came up just short of making the list: Z, YELP, P.
The ten that did make it, added to CAPS this evening as underperforms:
ALNY, BNNY, CLDX, DDD, FEYE, ISRG, MSG, THRX, TSLA, VRTX
BNNY got clobbered today so that's a bummer but THRX was up big.
Let the games begin!