I did not lose today, but I am no genius, I got lucky. I use ToS. I heard the gong go off in my software and noticed the FED had announced the rate cut. I checked the DOW and saw a red candle growing larger and larger so I purchased 100 shares of TWM. When it was up a $1, I put in a $1 trailing stop. The rest was history. I was on the sidelines otherwise. Market to volatile for me and I can't watch my account as much as I'd like to.
My boss lost $10k today. It was a self imposed "Stop trading the day" limit. He said he's not trading tomorrow either, he's sleeping in
Im sure the fuck nut that was busting my balls about getting out of my longs, which I held since Nov's second dip, on Friday lost a shit load. I will not post the Idiots handel, he knows who he is. So, hey fuck nut! Hope you got long and strong. I do not have a crystal ball but the S&P double top, the rally before the Feds decision were two key signals....900 point rally in the INDU before a fed decision is telling.. IDIOT!
This thread is loaded with newbies and amateurs with rinky dink accounts and short term short profits. A serious trader, a real trader working with numbers, big numbers like me, lost today. You just can't get out quick enough. I have been trading for over 20 years. Made 13-14% in the past couple of weeks, gave back 0.5% today. Almost all cash now and on the hunt. Gonna kick ass and clean out some of these newbies.
A .25 point cut was clearly priced in already, in fact most people were trading with the assumption of a .5 cut. I knew a .25 cut would result in a sell-off although not this big, yikes.
i broke even - in the personal account i held a bunch of fxi 200 calls which lost about 1.50/contract today, in the office account i made back shorting what i lost in the personal so came out even.