weekend ed

March 21, 2026

Why I Don’t Short the Lows
by Tony Rago

Hey trader, 

Thursday morning was ugly. 

Gold had dropped over $300...crude was spiking…the NQ gapped down so hard that the first two-minute candle printed a 100-handle bar. 

The entire week's rally, the roll gap fill, the push toward 25,000, all of it evaporated overnight.

A trader in the chat named Matthew wanted to get aggressively short. 

The 200-day was failing. The weekly chart was cracking. Put a big short on.

"I don't disagree with you, Matthew. Not trying to argue with you, but I don't short the lows. I don't think putting a big old short on here is the way to go."

Ten years of trading the NQ at TheoTrade, and that rule has never changed.