How will you trade Monday if markets continue selling? I went mostly cash into the weekend, holding just a little inverses in my main account. Will scale in if they continue up tomorrow. Go bears!
Hopefully, if you had a position over the weekend it was short. At least first 30 mins of trade down. More than that and who knows. If this helps anyone, will not end the day up.
I had added longs Friday during that minor pull back with the s$p down below 3000, nearly all positions ended green but tomorrow as of now they will be red but only slightly. Think futures down on news of the virus ticking higher again in certain states. Should be a very interesting open. Maybe another 1000 point move by the open!!!!
The "Go bears!" sounds like cheerleading; perhaps a short skirt, some pompoms and a flash of cleavage will help. Please continue to post as you manage your positions to help us understand your strategy.
Bought NQ at open, don't care. Also I hope you aren't trading those short 3x etfs lol, it's better to short the 3x longs if your broker has a good clearing firm.
Had puts ready to go Thursday morning, got shaken out at the close Friday- Shorting with futures overnight. Trust in volatility.
With talk of a virus mutation with new outbreak in Bejing and many brokers now forcing liquidation as price moves close to limit up/down i would not be surprised if we hit limit down premarket today.