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As people pointed out, its a market. To the extent the USA is being "greedy" now, you could say Germany was being "greedy" when they decided to go with Russia and get dirt cheap gas even though they would be funding Russia's army bill and be subject to the risk Russia cuts them off. They made...

I love it when Trump told the dumb Germans they needed to quit relying on Russian natural gas because they could be held prisoner (figuratively, not literally). They all laughed at him. He was right of course. Reap what you sow, dummies! And pay us our money, we tried to tell you LOL!!!

Oh shit. Biden did something good for once. Yay. Smokes on me everyone!!!

This news is so completely hilariously awesome. Loving it!

Lol!

Hahaha awesome!

I remember I used to listen to these stock market podcasts where they interviewed different traders and what not. It has been a long time, but one guy they interviewed said the S&P was extremely "reversionary" - not sure if that is the right word - but he was saying that it tended to revert to...

Wow, still so far to fall just for an average bear! And the last question makes it even scarier. :(

Oh shit, I misunderstood then. I don't care what the stock market did from the time the economy technically went into recession until the time it technically got out of it, that is next to worthless because the stock market doesn't track that. I'm more after how far did the market go down from...

Damn you just scared the crap out of me. Yea, didn't want to hear that, but I needed to! Thanks!

vanzandt, interesting - but if you think about it in the covered call sense, if SPX is at 3770, and you sell the call for $7.50, isn't that only a .20% return over that period more/less? So if you round the period down to 60 days, then you could do that 6 times a year. So your return selling...

WOW, thanks schizo! This makes me feel even more like we are not far off the bottoms... we've already had a much worse pullback than many recessions!

I was just thinking - are we (or were we) on some indexes down like 30% or close to it? What is the average down % in the average bear market? Maybe that's right where we should land, given the severity of the likely recession that is coming. I mean, we were down about 50% in 2008, and the...

Got it. Thanks.

This I can understand, it is spoke in plain English. BUT, can a trader never buy when others are selling and sell when others are buying? I thought stuff like trying to time trend reversals was a legit trading strategy. :)

I have. Way down. Still not sure what you are trying to say (or imply) in your first post.

What you mean SunTrader? All the time I see article about how even if you had invested at market tops years ago you would still be way ahead, yadda yadda yadda. What are you trying to say?

Thank you guys! Definitely good to know I can do it using their conditional orders, rather than API, as I have no clue how to program! Thanks!!!

Let's say I own a stock. I want to say "if it drops by more than X% during the day, sell at market. If it doesn't, then sell at end of day". Can that be done in IB? If so, what kind of order is it called? Thanks!

Man I wish I could maxinger. But I don't even know where I'd start. I have no foundation. I get feelings about the markets on certain days, which I sometimes post, but other than that I just wouldn't have a clue how to day trade. And there is so much contradictory stuff on here it does not...