If you go to cash when you feel the market is about to pivot and a bearish move is coming it's a conservative move.
You can't lose only miss profits.
If you are wrong you could lose money.
Tell be other safer times to short again intraday in the future.
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So why did I take profits on the late short covering bounce Friday and instead of going to cash went short?
Well because even though I wasn't bullish on the market and the system says don't stay long for Tuesday's open you could always get a fake bounce.
