It’s a catch 22. You can easily get stopped out but you can also see huge profits in a short period of time. I’ve learned the importance of having a trailing stop for swing trading in this market.
First of all op is clueless. but let’s assume we are all going to hell. Then it proves that people are morons. We are committing mass economic suicide for some flu.
Can you explain why exactly this is just 'some flu' dozu? All data I can find seems to suggest even the most advanced countries can't cope with the number of patients that need intensive medical care unless the curve is flattened. Mass media keeps on feeding us 'doctors' and 'scientists' that predict an outbreak without measures will kill around 10% of the population. They keep saying this is not the flu because the flu doesn't spread as fast, has a much lower mortality rate and people at risk often are vaccinated. I assume you don't mean that we should not care about 10% of the population dying in a couple of weeks, so it is obvious you are one of the only people that found out this is just one big fat lie. I am afraid I have been brainwashed by mass media and Illuminati, please refer me to the real data that you used to form your opinion so I can help you spread the truth to all the idiots and morons out there.
Not a flu, bro, italy death rate over 10% (it'll decline but still waay too high). Virus spreads twice as fast as flu, hence the shutdown worldwide. The only hope is that it's seasonal and/or vaccine later. Then we'll get back to normal. It's really the governments inability to tackle it that causes the panic. Especially in the US. That's where i'm seeing now the biggest issue. Europe should turn out better, but who knows.
Very true, I take stops and wins alike on many days. I grind, doing up to several dozen small trades a day, with small size and super tight <$100 stops, up near 8k net this last month. Key is taking lots of shots and not giving af if half ur trades stop out so long as you are net green on the week.
Gotta use trailing stops for daytrading too, eg check yesterday PENN chart I traded, parabolic up and down midday reversals. Sometimes it's good to use trailing stop on half position and hard lod stop on other half
I've said this before. One thing for certain is that USA will be the next "Japan version 2" and we will never see the ATH again in our lifetime.