DOW futures down 300 again

Cryptokungen333 said:
The Federal Reserve is now printing INFINITE Dollars with 0% interest. $USD will soon be WORTH LESS. The time has come to be your own bank fellas and look for gold or bitcoin instead, bitcoin has already started going up and there's good profits if this trend keeps going.



For those of you who has alot of dollars time is of the essence, few hours ago somebody just bought 1000 BTC with USD over kraken, and that's likely not the last whale to come, soon big corp around the world are possibly going to get rid of their dollars which could mean that we're looking at an all time high for Bitcoin and other crypto currency as the monetary market is crumbling and resources gets harder to transport because of the virus and politics.
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False dilemma and other errors...

1. Your usd prediction is worthless, irrelevant, and useless
2. You gve false dilemma. Implicitly states If usd fails then it must be gold or bitcoin or other crypto. We don’t know.
So the reasons you give for gold and bitcoin investment aren’t necessary.
Not saying don’t buy gold or bitcoin. Take any convex bet / hedge you can afford but for the sake of low risk high reward. Not because of a narrative, story, theory

my two cents as of now. Could b wrong
 
I predict, Florida will take a HUGE hit, and eventually will vote blue in November:

"In Florida car dealerships consider themselves "essential". It's business as usual for any business still open here and many still don't appear to comprehend the gravity of the situation. In their heads they are looking at the number of deaths each year from the flu and thinking this is hyped in spite of global news

Florida where you can still go for a test drive with the whole family. "
 
Amahrix said:
IMO your approach to trading is haphazard
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On the contrary, I am up over $9000 in net trading profits this past 5 weeks because I use a professional, methodical scaling approach.

I'm in TVIX VXX SQQQ SOXS SDOW etc small size overnight and am about to buy more in a few minutes premkt starting 7am.

I'll post screencap proof of all my fidelity open positions in my journal here today
 
Pekelo said:
I predict, Florida will take a HUGE hit, and eventually will vote blue in November:

"In Florida car dealerships consider themselves "essential". It's business as usual for any business still open here and many still don't appear to comprehend the gravity of the situation. In their heads they are looking at the number of deaths each year from the flu and thinking this is hyped in spite of global news

Florida where you can still go for a test drive with the whole family. "
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It's a red state. They get to stay open & get all the PPE they need.
 
I asked my colleague Joe Easton for his quick opinion:

Currently the Dow is opening in the 3/25 range and needs to hold the 3/24 close of 20590 to avoid reactivating the downtrend into 20280. I am watching the 3/25 close of 21305 to see if we close over or under today for further indication.”

upload_2020-4-1_8-58-46.png
 
I always use yesterday's high / low for short term swing trading decision support.

If we close today under yesterday's low I stay short bias (or start scaling out of underwater swing trades).

If we close inside yesterday's high/low range I hold/stay neutral.

If we close above yesterday's high I am bullish and add to winning swings.

It's simple and I value this approach highly, took me many years and thousands of trades to figure it out
 
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