No such thing as "safe market". They can find a vaccine tomorrow for the Corona-Virus or find some drug that's already in distribution (widely available) that wipes it out of the blood stream. Always protect yourself with stops because markets are not safe. wrbtrader
Stops in Futures market kinda pointless a 10SL will just be hit by small noise and a 50SL can be passed over 4x's in like 1 second and slip badly.
Even if we see cases drop off over the next 2 weeks these markets can easily rally 10%+ but until then it's down.
Stops are not pointless. If you're stops are being easily hit...most likely you're using your stops in some price action or market condition that's inappropriate. Regardless, that's not the point. The point is that markets are NOT safe. Yet, if the OP meant to ask if we're now in a "confirmed bear market" ? That's a completely different question. wrbtrader
My point is, stops don't make it safe, you either get death by 1000nd cuts or it slips and blows way past your SL. On the Fence till it calms down here just can't risk it!!
The OP stated a 6.5 to 9% stop...that doesn't seem like a 1000nd cuts. Yet, not sure why one would trade today when circuit breakers have already trigger. https://www.cnbc.com/2020/03/08/dow...oil-price-war-adds-to-coronavirus-stress.html Volatility is good but sometimes...you just got to know when to step aside and take no positions. Just watch and learn. wrbtrader
DAX is trading well, well beyond well ie 100pts in 5mins being the norm well LOL Maybe next week, when it's calmed down!!
Why do so many people jump on shorts after the market has dropped? Time to scale in is when markets are up, average in. Because markets drop faster than they rise....