Not to sound rude, but I wouldn’t count your chickens before they hatch first. You’re starting to sound like the homeowner that is saying he/she made $$$$ in 1months of equity appreciation without having cashed out to really take the gains. The stock market is really volatile these days, and its really anyone’s guess where things are headed imho.
For reference, days like today (yesterday) were like $50k losses for me. But fortunately, there hasn’t been many days like yesterday (yet). The real question is what happens in the markets moving forward. For me, it’s going to take a reversal of 2-3 years of appreciation undoing before things are considered losses. Again, I’m not saying it’s not possible, but to point I’m not counting on my sizable “appreciation” until i cash out, which is getting more enticing these days if these downward trends continue.
Anyway, I guess the point is. It doesn’t really matter what direction you are in the market, provided your timing is pseudo right. I would say if you went short 2 years ago, you’re probably still in the red despite the drop today, but that would be my guess. Just like if you entered long yesterday, you’re probably going to be red in the near short term.
