No worries, trillions lost but it will come back, it always does. You should always have a portfolio for shorts on days like today.
Yeah no V today. and today was the first ALL RED day since the 5th of August. Nothing to worry about. We've been here before, especially early in the Month. It's gonna take more than 1 day when you know it will retrace a big part of the move over the next few days if not V most of it. QQQ got that gap fill.
Worst day for chips stocks since March of 2020, this is significant, without the chip stocks the nasdaq is pretty much worthless, without nvda the chip sector is also worthless! Nvda lost a gigantic $279 billion worth of market capitalization with much more losses ahead coming. Do not be baffled when nvda breaks below 100 and then 90 in the coming weeks. Broadcom has earnings Thursday night and if they miss or guide lower look out below. These earnings on top of the jobs report Friday is going to create insane volatility
Uh ohhhhhh 10% is gigantic....this will put everyone on edge and will feel like a depression for most traders who have only known markets that only go one way, up. This is going to be quite a surprise and will most definitely hurt new traders who are only used to printing risk free money. Why stocks could drop 10% over the next 8 weeks, according to a bullish forecaster who's nailed his calls this year https://markets.businessinsider.com...utlook-election-rate-cuts-jobs-tom-lee-2024-9
Dunno' what you are on about? What challenge? The one where I challenged everyone on this forum to post live journals? That is age-old. Otherwise, I don't know the specifics. It is common courtesy on a forum such as this to LINK the old post when referring to it, for the OP rebuttal.
I am my own best contrary indicator. When I start getting excited, it's time to go to cash and take a week off.
Again, what are you responding to here? "I responded to your challenge in the other thread and posted some trades, and you bailed. Cmon man!"