Whats with the mini crash today?

Discussion in 'Trading' started by Cuddles, Feb 20, 2020.

  1. dozu888

    dozu888

    ha I just made a post about super cycle.... in my mind it's something like thru the next trump term, then the valuation will finally catch up to 'fair' and the market will start to worry about post-trump.... but who knows.... 6-24 ain't too far off, who knows when the dumb money really rush in blow off can happen.

    Padu I often think about you when I make these posts as you are one of the very few here who read it right... very few.
     
    #81     Feb 21, 2020
  2. d08

    d08

    Prequel for what's to come, that low will be tested and later on, down we go.
     
    #82     Feb 21, 2020
  3. ironchef

    ironchef

    I did. Banks won't return my calls. I already maxed out my mortgages, both first and second. Maybe I should max out my credit card like @wabu27? But credit card loan is expensive, they charge 25%/year.

    Anyway, I am amateur retail, part of the dumb money class, we provide liquidity to your pro boys.
     
    #83     Feb 21, 2020
    MercForHire and dozu888 like this.
  4. d08

    d08

    Corona-virus fears don't just grow in minutes like that. The people who write these news pieces are always just finding reasons, typically it's random. Market goes down, they have their list of potential reasons and just choose one. Without Corona it would have been "Trump comments.." or "China deal..." or "Brexit worries...", all the same crap.
     
    #84     Feb 21, 2020
    Cuddles, DTB2, Quantower and 2 others like this.
  5. padutrader

    padutrader

    it is all about what you want and how you want to get it.

    if you want to get rich then buy good companies.

    I made a 1 00 000 bagger by buying HDFC Bank in 1994.

    but if you want to have fun then trade short term
     
    #85     Feb 21, 2020
  6. padutrader

    padutrader

    'how much they have cost us the evils which never happen'-Thomas Jefferson

    they cost the bears massive
     
    #86     Feb 21, 2020
  7. schizo

    schizo

    Going all the way back to the early 90s, I could remember there always being a "reason" for every market move. Usually it's the same old spin. But it never ceases to amaze me how traders would fall for that same crap even to this day.
     
    #87     Feb 21, 2020
    _eug_ likes this.
  8. tsfx

    tsfx

    If your argument were to be true then EU, UK etc indexes should also be trading through the roof. The fact that some of them actually trade near 2015 levels invalidates your whole point.

    As i mentioned earlier, it's still all about the US tech stocks that is driving valuations. We live in a fast fashion enviornment where we care more about seeing Bezos, Musk, Zukerberg and the likes in the social media making us desire to live the same trillion dollar life.
     
    #88     Feb 21, 2020
  9. d08

    d08

    Sometimes it's true but it's true only for large events which happen rarely. Brexit vote did increase volatility dramatically and it was the catalyst. Ditto for 9/11. Have to remember that the people writing the articles are not traders nor do they care.
     
    #89     Feb 21, 2020
  10. Bugenhagen

    Bugenhagen

    I have made way way over your 500k this year, 20th Feb 2020. Not in the past 12 months. If you can't trade with leverage and just long until you are wrong like every big mouth in every bull market... You should be banned as you talk gibberish but noobs don't know this.

    8000 is an attractive number
    Stop referring to gambling all the time, we get it lucky numbers, 888 casino (way too many ads for this) and you drink at your desk but we know you can't handle leverage, you would lose control.

    Going long and adding to a long using you day job salary on qqq is investing, not trading.

    You mentiond making a half million in the last year, I have made more than that this year (2020) as an actual trader on leveraged instruments which many of actually can handle.

    And again, I want a shrimp po boy(r) for breakfast. ;)
     
    #90     Feb 21, 2020