[In a bull run, not holding a short position is also the same principle]

Completely holding a Short Position is a manifestation of going against the trend, which can easily lead to increasing the cost of the position. (Except for ultra-short positions)
The essence of a bull run is an upward trend; a pullback is just a normal fluctuation in the process of rising, not a trend reversal.
You can adjust your position to reduce risk, but there is no need to liquidate everything at once.
What truly matters is not accurately timing every high and low, but consistently participating in the big trend.
Even if there is a pullback, as long as the direction is correct and the position is stable, one will not miss the main upward trend.
In a bull run, what you fear the most is not the downturn, but being left behind by the market while you wait for the "perfect entry."
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