Why does a stock price that rallies throughout the day and through the night open lower? Because if they didn't we'd all be billionaires now wouldn't we? Not trying to be a dick, but this stuff happens all the time. It doesn't need a major Middle East assassination. It can be anything... the market will find a reason... with or without a reason to find. Welcome to the stock market. Advice? Keep margin small af, have conviction in why you took the trade in the first place and give it a week or two... OR... if you're gonna be all adhd and trade in and out as a pattern day trader... you have to flatten out at the eod. You can't have it both ways. If your smart, you'll do the hold thing based on your research... just don't get blindsided by an earnings report or a major company event. Its not easy Bmoney.
And notice how Rickshaw is not here touting the zero risk free buy the cash close and sell open stuff? I am guessing he took some heat and bailed on the idea, for now. He'll be back after the next hindsight move.
Dear Sir, you have been misguided. Q4 18 had to happen due to excess number of retail investors in the market. Therefore a fake recession/inflation narrative was spread to induce a cleansing. The next 20% will certainly come at some point, but we are far far away from that, judging from how pessimistic the public still is. Not extreme pessimism, but pessimism nonetheless.
Did Feb 2nd 2018 have to happen? Did May 5th 2019 have to happen? Did Aug 1st 2019 have to happen? The answer is NO. I blame Jerome Powell, lol! Bring back Yellin' Yellen.
Dear sir, the answer is actually yes. The corrections during a long bull haul, they always happen when the public become greedy. Nowadays with all the social media it's easy to measure the greed. You can check google trends and see these corrections coincide with the periods when the public become more interested in the stock market.
Wrong. The drop in Feb 2018 was on the same day Fed Powell opened his mouth, on his first day on the job. Coincidence? The Oct 2018 drop for 20% happened because the Fed kept raising rates, and Trump "did nothing" to stop it. The May 5th start of the correction was because Trump announced new China tariffs, escalating the trade war. The August drop came when Trump ordered all companies to stop doing business with China, and basically pulled a Hitler on the world of business with his bullshit. So maybe the "public" becomes interested in the market when these crazy political salvos occur? But these salvos WILL NOT OCCUR if the assholes in the Oval Office, and other heads of state, would just STFU and let the markets do their thing.
If I ever became president, I'd post good vids to prove my damned points. Because I am telling you @richDude, it is all sabotage.
Are we going to revisit this? Again? Want me to post a link to my journal, AGAIN, where I prove I was doing my best with real monies and learned exactly why the markets did what they did, and then point out that you are just doing it in sim, or do you want to go back to respect mode, and acknowledge that I know WTF I am talking about when it comes to trading index futures? Do you have the memory of a goldfish?