Are we now in "safe" bear market?

[Cuddles]

Thinking of going long on PSQ....maybe trailing stop @ 6.5-9%

 

[wrbtrader]

No such thing as "safe market". They can find a vaccine tomorrow for the Corona-Virus or find some drug that's already in distribution (widely available) that wipes it out of the blood stream.

Always protect yourself with stops because markets are not safe.

wrbtrader

 

[Turveyd]

Stops in Futures market kinda pointless a 10SL will just be hit by small noise and a 50SL can be passed over 4x's in like 1 second and slip badly.

 

[S2007S]

No such thing as "safe market". They can find a vaccine tomorrow for the Corona-Virus or find some drug that's already in distribution (widely available) that wipes it out of the blood stream.

Always protect yourself with stops because markets are not safe.

wrbtrader

Even if we see cases drop off over the next 2 weeks these markets can easily rally 10%+ but until then it's down.

 

[wrbtrader]

Stops in Futures market kinda pointless a 10SL will just be hit by small noise and a 50SL can be passed over 4x's in like 1 second and slip badly.

Stops are not pointless. If you're stops are being easily hit...most likely you're using your stops in some price action or market condition that's inappropriate.

Regardless, that's not the point. The point is that markets are NOT safe.

Yet, if the OP meant to ask if we're now in a "confirmed bear market" ?

That's a completely different question.

wrbtrader

 

[Turveyd]

Stops are not pointless. If you're stops are being easily hit...most likely you're using your stops in some price action or market condition that's inappropriate.

Regardless, that's not the point. The point is that markets are NOT safe.

Yet, if the OP meant to ask if we're now in a "confirmed bear market" ?

That's a completely different question.

wrbtrader

My point is, stops don't make it safe, you either get death by 1000nd cuts or it slips and blows way past your SL.

On the Fence till it calms down here just can't risk it!!

 

[wrbtrader]

The OP stated a 6.5 to 9% stop...that doesn't seem like a 1000nd cuts.

Yet, not sure why one would trade today when circuit breakers have already trigger.

https://www.cnbc.com/2020/03/08/dow...oil-price-war-adds-to-coronavirus-stress.html

Volatility is good but sometimes...you just got to know when to step aside and take no positions. Just watch and learn.

wrbtrader

 

[Turveyd]

The OP stated a 6.5 to 9% stop...that doesn't seem like a 1000nd cuts.

Yet, not sure why one would trade today when circuit breakers have already trigger.

https://www.cnbc.com/2020/03/08/dow...oil-price-war-adds-to-coronavirus-stress.html

Volatility is good but sometimes...you just got to know when to step aside and take no positions. Just watch and learn.

wrbtrader

DAX is trading well, well beyond well ie 100pts in 5mins being the norm well LOL

Maybe next week, when it's calmed down!!

 

[wrbtrader]

DAX is trading well, well beyond well ie 100pts in 5mins being the norm well LOL

Maybe next week, when it's calmed down!!

The OP mention PSQ...not DAX.

wrbtrader

 

[S2007S]

Why do so many people jump on shorts after the market has dropped? Time to scale in is when markets are up, average in. Because markets drop faster than they rise....