I wish it can go down 40% so that I can buy in dirt cheap, but in reality it won't.
Live in reality and you will be profitable, blaming others (market, Fed, bankers, super rich, IMF, ECB and etc) won't improve your trading result.
Black Monday
- Thread starter bond_trad3r_II
- Start date
I wish it can go down 40% so that I can buy in dirt cheap, but in reality it won't.
Live in reality and you will be profitable, blaming others (market, Fed, bankers, super rich, IMF, ECB and etc) won't improve your trading result.
I highly doubt there are many over leveraged bulls out there on a year when US markets are flat ( up around 2% ).
why do you reset the gains when the new year starts? Look at the cumulative gain from 2009.
BTW - what is "wallstreet" ? LOL
This day is so easy to know who is the real trader and who is those gamblers that have a $500 dollar account with the bucket shop. Those gamblers not even know what is "Dow Jones", round trip commission, contracts, PDT rule, mini, DOM and etc BUT they claimed they are "trader"
Moron alert.
Seriously, this is the dumbest comment in the history of ET.
Even MORE reason for some to be over leveraged when returns are low.
Cumulative gains from 2009 are pointless, the crash was hugely overdone as anyone who looks at fundamentals ( eg P/E levels of solvent banks ) could easily see. P/E levels on the US markets are common knowledge, it's no bubble but they are high enough that many fund managers adjusted their weights and strategy prior to this year. Interest rate hikes are also anticipated. Hence a flat market is no surprise at all.