Well tbh, this thread had died off anyway until the vol came back so that is completely understandable. *Speaking of "including" btw, I probably missed a few people in that post, I know I missed Spygrain and TheApprentice, my bad, unintentional on my part obviously.
Who the hell knows when it comes to CFDs. Sunday gap downs seem to be par for the course during this crisis though.
Small group of people trading CFDs. So, may not be accurate. Funny thing is it said 57% of clients are long...
I've known quite a few former "permabears" who were so burned in the aftermath of 2009, that they never shorted the market again. A weekly/monthly chart tells the story (until a month ago really). This sort of permanent bullish bias makes one believe that no matter how much it sells off, no matter how much technical damage, it will ALWAYS be recovered. I've pointed out the folly of this belief. First off, if/when the downside is reversed, vol. completely collapses. So, taking 100 pt ES stop outs several times per week CANNOT be recovered in a sub-20 VIX market. Yes, one could hold for weeks/months and recover some portion of the losses, but that's still a big "if". Secondly, taking a whole bunch of large stop outs will drive many traders to "tilt" since all of that buying/waiting/holding to get those points during the bull runs can be erased in an hour or two in this current market. The "stairs up/elevator down" analogy just destroys people who refuse to step aside, change sides, etc. On the other hand, maybe he got sick and tired of grinding out trades for years, posting his stuff and went Full Troll Mode. I can't figure the guy out, nor it seems can anyone else.
Wow, I feel so damn behind the times. How realistic are their numbers when the market opens on Sunday night? Nevertheless, these guys look more like the bucket shops from the Jesse Livermore days where they artificially printed their own tape.
Well, before the official markets are trading, this is just like a betting site...with 50 pts spread. Wow!
I watched it last sunday and although the pts down are not accurate it was showing within a few hundred pts on being right . So if tomorrow before the open its showing down 600 then we'll probably be down in the range of 200-800. Just more manipulation to influence the open
I found it entertaining for a while. Not so much anymore. But some good guys hang out here, so, while I'm on the street I like to stop by.
I've mentioned the SPY weekly options before. They have M,W & Fri expiry..they can be very lucrative for a 1-2 day trade/or daytrade..here is the board of 14 strikes from Fri expiry..price will increase by 10X or more every M, W, F.. having trouble inserting the image...