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THE MARKET WHISPERER 25 1

probability of being correct as incorrect. Perhaps millions more shares are
shorted with almost no one knowing, since the trade is not registered.

Let me close this section by saying that this is yet further proof that
examining data on shorts in the market is not a good basis for making your
trade decisions. Those should be based on checking the stock chart. Charts
do not lie. People definitely do.

Summary

The bulk of the public loses money during economic crises. You and I will
also lose when the economy collapses, inflation runs wild, and the funds in
which our money is invested are negatively affected by a dropping market.
In short, during crises we all lose out, and we have no control over that. By
contrast, however, as traders we must learn how to profit from dropping
markets, and not merely profit, but profit big. The learning process is long,
and you will not be able to start it during the next crisis or just weeks
in advance of it. You need to prepare for the next crisis years before it
happens. In other words, you need to start preparing right now.