Not about that , you think your money is SAFE and its incinerated You expect to lost like this on a gamble, not a blue chip with good prospects Stonks Are Not Money
Money is never lost or won, merely moved currently out of the markets very quickly, everyone is selling and going cash to sit this out, as nobody knows how bad it's going to get. Expect dow to take out 20,000 tomorrow my 20k target 2 weeks early go be honest i was thinking 16k but thought they'd think i was stupid as someone did with 20k. Longer term maybe down to 12k even. The buy the dip callers i guess all wiped out as they've shut up i guess?
It's insane. The markets are WAY over reacting. Worst case scenario, everyone in the US gets covid-19 and 1% of the population dies or 3.3 million people(most of them very old, retired and were probably going to die within a few years anyway) How will those 1% really affect the economy? Certainly not the near 30% the market is already priced in for.
Has everyone really not figured out that the trend is down? That you should be taking short positions in order not to be run over by the hedge funds, banks and brokers? So, people see a tsunami (downtrend) coming towards them and what do they do? Buy more stock as it is dropping like a rock? Or hold on as they pile more and more losses? Risk management is job number 1 for traders. A 10% loss is easier to recover from compared to losing 70-80% of your monies. That is a no brainer so, why would you not protect your hard earned monies?
i just wrote on another thread. I spoke to someone who has the virus, working from home mid 50s who said at least for him, that it wasn’t that bad. He is quarantined in his home .