Central banks don't stop printing money. When will the party end? Has anyone been trading when a flash crack happened? Did you find a counterparty to get out of a losing trade?
Don't hold over night, then nothing to worry about, it'll just open 5000pts down and your account is negative by a large amount or maybe positive if your in shorts I guess. Or over major news events.
The video is irrelevant. 100 point drop back then meant a lot more than it does now. And yeah, we've had 10 years to watch that vid. We know it's real. It's like listening to a Kentucky Derby gone horribly wrong, with lots of bloody horses all over the track.
"The Stock Market is a game that consists of passing a lit match from one to the other, until one burns his fingers." John kenedy
hmmm, seems you are blind to the concept of limit down which is a commonalty between then and now. Learn from history, or you're doomed to repeat it. You should try learning from your own personal history, overnight.
Indeed. Where are all the videos of an auctioneer screaming about the limit drops from March of this year? They have been absent. Why is that?
Because the CME pits have been all but eliminated. There is no "trading floor". The sights and sounds of such a venue have been replaced with pixels on a device screen located anywhere in the world. Broadcast networks provide live commentary. Ben Lichtenstein is still around btw.
The market is a dangerous place. Sometimes I think it would be better to trade 15 minutes every day and leave. How to protect yourself from such an event? Do you have any idea?
The party for US is faaaar from over : % is what matters, not the size. If size would matter, UK, France, Germans , NL and Singapore with Japan , would be busted. Noone cries about that tho. Be ready for unlimeted BrrrRrrr machine strikes. (Combine it with reserve currency, Russia supporting last dictator in the EU and CCP building more concentration camps)