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Maybe. The same was said about the original virus, though. Clearly not a non-issue, although the markets seem to think so. :) So maybe it is a non-issue.

You first said: 1. The gain from year end 2008 (beginning of 2009) to year end 2019: 2327,53 index points / 258 %. To gain some perspective - this followed a massive sell-off in the market and was boosted by QE and unprecedented central bank support worldwide. 2. The gain for the last 2...

You're joking - right? Start by not looking at nominal values and plot that chart logarithmically instead of linearly.

I have zero knowledge on trading Bitcoin technically, but I think we can forget about $100K this year. Right now, this market is heavy and in a down trend. If the equities market should accelerate to the downside after this ugly day down I imagine Bitcoin will follow with. I want to establish...

Historically, sure, but I wouldn't be surprised to see the correlation increasing as it is becoming a more commonly accepted and traded instrument. S&P 500 (orange) versus BTC:

Crickets... A lot of 'zero risk free money' gone in one single day.

Good news is bad news and bad news is good news. :) The S&P is headed for one of the best years EVER and for no other reason than money printing, so there's plenty of gravity that could pull this lower regardless of covid. Best to just stay nimble and trade the swings, IMO. :)

Seems like I made the right choice so far with waiting to buy. I have not studied it, but it seems to me that BTC correlates fairly well with the equity markets. Haven't one of the selling points of crypto been that it should be an uncorrelated asset class?

That's a good drop.

I think some people here come on a bit too strong, but you shouldn't call people trolls just because they ask some questions. There's no doubt that big money can be made holding long when the market is trending higher. However, the other part of the equation is how much you lose when you're...

Looked good there for a while to the upside, but MOMO fizzled out. Repeat of yesterday?

Good analogy. :) Sometimes the n = 1 days do happen.

It can be a hindrance if one gets too locked down in a bias, i.e., expecting up and ignoring the signals which say down. I'd say that a trader should stay flexible and losse, however, you also need some conviction on your trades. So it can be a tough balance at times. At least for me...

On the futures as well, yes? :) If we look at the last 10 Outside Days making ATHs and closing near the bottom of the range - only 1 out of 10 actually had any follow through lower the next day - and not much to speak of. 7/10 days closed higher net and above the open. Only 4/10 took out...

If you expected this - I sure hope you cashed out. :)

Quite the contrast between this morning's euphoria and this late session dump.

Looking for a pullback or a larger move down?

No need to be chasing up here for late longs, but looks like ES may want a 4750 print today. Maybe a pullback first.

Trailing stop?

Euphoria.