Long a Short

I’ve never mastered shorting stocks or trading options either, but when the market is in an obvious pullback or downturn I look for ways to benefit from it. I recently went long in ProShares UltraShort QQQ ETF (Ticker: QID). This ETF is leveraged so it really moves up sharply if the QQQ is moving down, like it did today. Is this what Cramer means by “there’s always a bull market somewhere”? Works for me! I also took a position in Interactive Broker (Ticker: IBKR) again after their recent earnings announcement and bounce. Cash is still my biggest position though by far.