Instant Limit Down 3/22/2020

Discussion in 'Trading' started by gaussian, Mar 22, 2020.

  1. pstrusi

    pstrusi

    #11     Mar 22, 2020
  2. guru

    guru

    No worries. Several traders on ET claim the market will be back to all time high by end of April. Trust them. BTFD.
     
    #12     Mar 22, 2020
    Amatrue likes this.
  3. southall

    southall

    At least they got super cool smart phones as teenagers.
     
    #13     Mar 22, 2020
    Clubber Lang and Ayn Rand like this.
  4. dozu888

    dozu888

    I am, this STILL doesn't change anything!
     
    #14     Mar 22, 2020
    Amatrue likes this.
  5. MKTrader

    MKTrader

    Same with shorting if they halt trading altogether for a while, like they did after 9/11. That's really not a bad idea, either. Wait a few weeks, the worldwide curve starts to flatten, it becomes even more clear that warmer weather/climates are slowing COVID down...then trading opens back up & indexes gap up 20%. All the first time "I just learned to short S&P futures and I'm a genius!" types suddenly get margin called.
     
    #15     Mar 22, 2020
    dozu888 likes this.
  6. schizo

    schizo

    Yes, in fact it's trading now to the upside.
     
    #16     Mar 22, 2020
  7. ironchef

    ironchef

    OK so what are you going to do? Buy more? I may double down again. :D
     
    #17     Mar 22, 2020
  8. ironchef

    ironchef

    That is why they are partying like there is no tomorrow.
     
    #18     Mar 22, 2020
  9. dozu888

    dozu888

    will buy more at the EoM when I get some more cash on hand.... but that's small compared to the portfolio....

    at the end of 2018 when the portfolio had a $1m draw down I was kind of proud of myself it was like wow it's so big now even the draw down can hit 7 digits... and I been thinking well some day the draw downs gonna get bigger to 2m 3m 5m etc... it will be quite a scene... didn't see the 2m thing coming so quickly.

    but again... quality of life aint gonna change...

    I am still $2m in the money, and if the economy is f'cked, then all the discretionary stuff get prices cut in half anyway.

    that's why you want to keep playing the long game the big game, once you get into the top few %, this is the class that rules the country and they will always take care of themselves.
     
    #19     Mar 22, 2020
    Axon likes this.
  10. qaz

    qaz

    Don't fight the market. Making money in the market isn't just buying stocks. Put your ego aside and start shorting.
     
    #20     Mar 22, 2020