TimeCorrosion, Here's what is going to happen: ".....What is the dollar cost of these misadventures? Joseph Stiglitz, Nobel-prize winner in economics, estimates a total cost to-date of Iraq II alone at about $2 trillion - includes ongoing veterans benefits, equipment repair, etc. Meanwhile, the U.S. is trying to militarize space - further adding to our military expenditures and indebtedness. Finally, Johnson sees our military costs eventually bankrupting the U.S. (if our escalating trade deficit doesn't first), aka Rome. Unfortunately, it all makes sense to me." You must read: Nemesis: The Last Days of the American Republic: http://www.amazon.com/s/ref=nb_ss_g...s&Go.x=5&Go.y=9 Our $ will be worthless in a very short time! NO ESCAPE. Tom
maybe - maybe not at first people dont realise its a crash, but just a down turn and I reckon I`ll be filled before the shit really hits the fan especially if "IT" happens at night and the US is asleep. but if you have a better idea chuck?
I think its just plain bragging. Nobody knows what will happen a few days/weeks before a crash. You might be long for all you know and lose your shirt we`ll just see if you`re among the survivors!
a)don´t hold overnight for example b)use a small account to hold overnight c)for longerterm or retirement account: keep a good amount in cash and add stocks in a crash
thanks chuck for your contribution. I`m an EOD penny trader so a and b are not feasible; my trades last from 1 day to several months and often fully invested. c. is not very attractive either. I have more than 50% return on my capital and to leave a good amount of cash in the bank would mean I pay a very large opportunity cost `cos a crash might happen once every 7 years or so. So I still think my solution is so far the best way of beating a crash. I would sell futures worh more than my capital, so if I wont get cover for a 100% through a fast market, it wont be far from it.
I agree with you there devil, ofcourse it will happen again. Look at the panic on February 27th and that was not even a crash. what % is the lock limit on ES? thanks people
How about an account at a proprietary trading firm? For example say you trade with 100k now Open an account at a prop shop with 20k, get 5x margin, put 80k in a savings account. If the world comes to an end. You´ll have 80k left ;-)