Wow was today real life? I can't believe what happened. Straight out of 2022. I wish I held short positions longer, but you can imagine how difficult it is when you think there has to always be a V and that it can't go down. So I'm sure it will go up tomorrow decently. Has to. As for being spooked out, you just have to forget about it and move on. I'm sure it will go back to making V's very shortly. Not necessarily the whole move, but you know the days where it's difficult to stay down.
This is what happens WHEN A BUNCH OF ALGO IDIOTS RUNS THE SHOW IN SPY ETF Market Making AND ES FUTURES ARBITRAGE! Ask your friendly IDIOT COMPANIES LIKE JUMP TRADING, CITADEL, JANE STREET, HUDSON RIVER, OPTIVER, VIRTU, FLOWTRADERS AND OTHER CLOWNS about bullshit like today and on other occasions as well. This has nothing to do with investing. These IDIOTS magnify moves by a factor of 10x! These people and their "strategies" need to be washed out of the market! CASINO PLAYER IDIOTS!
First of all, can you not use BOLD fonts?? Be that as it may, it's what it is. Just accept the fact that the market is evolving and we ain't going back to the days of pit traders throwing their hand signals. If you wanna survive, instead of blaming HFTs, learn to adapt. Do you remember when the Treasury and the Federal Reserve were instituting QE in the wake of 2009 GFC? Who woulda thought the main beneficiary would be the stock market? Just look at the damn chart. Had you known it would go up so much, would you have shorted until you blew up your account? Successful traders are those who recognize the changes and quickly adapt to the new condition. Man, if you stashed your money into an Index Fund at the bottom of 2008 crash, you would have netted a whopping 750%. But, even if you bought just before the crash, it would still have returned 259%. Times have changed. Go with the flow.
Sure? Just took a look and according to my DB - the last day down 2 % or more was the 21st of February 2023. That's 353 (!) trading days from then and till today.
Yeah I mean 454 is the next target and a real possibility if this continues. I meant maybe at least a gap up or something tomorrow that can be faded. It's not supposed to gap down like today. It's the rarest thing in the world and it's happened 2 Wednesday's in a row. Normally it would open flat and then fall throughout the day in a controlled way. I did say earlier in the week that I was skeptical of the Monday pump. Monday pumps are classic during down weeks.