DOW futures down 800

[gaussian]

May actually take out that mortgage by the end of year as rates keep dropping

Some of the few benefits of a market plummeting:

1. Mortgages are cheaper
2. If you have a mortgage and can refi maybe worth it?
3. Dumping money into your house will have positive expectation
4. Heading back to school makes sense (within reason...not paying 50k/year for BS)

Property ownership is great. My main motivation for dumping money into a house was that even if the price of the home halves, the rent (read: mortgage) is still lower than median rent for my area and eventually I'll own this chunk of land as long as I pay uncle sam for the privilege. It's sort of a means of last resort under the assumption everything else goes straight to hell.

 

[trader99]

While people panicking, I'm up nicely trading CL, QM, and MNQ tonight. Done for the night. Can't wait for tomorrow for more actions. I'm relatively cautious and trade on smaller accounts. As I get better, I can put up good numbers.

@dozu888 , he's a long term investors. Of course, in super long term 401K accounts, after decades of working and compounding, I'm sure he has nice numbers. But he's not actively trading like the rest of ET.

So, it's apples to oranges comparison. I don't even look at my 401K. I don't count those. I just count the accounts I actively trade to extract profits every day.

 

[KCalhoun]

TVIX target?

800 possible within days/weeks, currently at 280 premkt 4:40am ... concern though hope it doesn't implode like XIV did .. epic gap

check out DWT wow

 

[Cuddles]

800 possible within days/weeks, currently at 280 premkt 4:40am ... concern though hope it doesn't implode like XIV did .. epic gap

View attachment 221506

check out DWT wow

View attachment 221507

put in order @182.25 last night...needless to say it had gapped way above that (dunno what the ask was at the pre-open)....still thinking of picking some up here @268

 

[KCalhoun]

i'm not touching it yet, may enter if it gets back over 300 or bounces off 210-230 range later, it's gap filling now 5:15am

 

[smallfil]

Let's put hysteria and @dozu888 aside for a moment. A completely serious question - if you had cash on the sidelines right now, would you buy this market? A similar but a bit more complex question - if you had money in long bond (e.g. TLT), would you rotate them into equities?

I am trading this market and even before the Corona Virus. If I do not see any trade I like, I do not do anything. Nobody is forcing you to trade. Most traders have the tendency to overtrade. I cut my number of trades and accuracy has gone up. Agree with Dozu888, lots of chicken littles on the ET boards. Most do not even trade the stockmarket. A lot of the ET trolls just spread disinformation, left and right daily. Why the hell would you even listen to an ET troll anyway?

 

[trader99]

traded through the circuit breaker halt and still up nicely. man, that was a heart stopper... haha

 

[trader99]

traded through the circuit breaker halt and still up nicely. man, that was a heart stopper... haha

Last night,I survived a LIMIT DOWN on $MNQ_F. And I was up even nicely $CL_F. This morning I made $ on $AMD despite halt. Then I got involved in $UWT. Made good $ in morning then later on got totally wiped out! Feel like sh*t for losing all that hardearned gains on one stupid trade! #riskmanagement

But I've come back from worse drawdowns. Just feels shitty today. Cut losses! Cut losses!

 

[JamesJ]

Last night,I survived a LIMIT DOWN on $MNQ_F. And I was up even nicely $CL_F. This morning I made $ on $AMD despite halt. Then I got involved in $UWT. Made good $ in morning then later on got totally wiped out! Feel like sh*t for losing all that hardearned gains on one stupid trade! #riskmanagement

But I've come back from worse drawdowns. Just feels shitty today. Cut losses! Cut losses!

at least you weren't the guy who kept buying uwt @1.84 for more than two hours, when the value of the fair value of the etf already went way lower...
Free money with CL hedge.

 

[Turveyd]

Last night,I survived a LIMIT DOWN on $MNQ_F. And I was up even nicely $CL_F. This morning I made $ on $AMD despite halt. Then I got involved in $UWT. Made good $ in morning then later on got totally wiped out! Feel like sh*t for losing all that hardearned gains on one stupid trade! #riskmanagement

But I've come back from worse drawdowns. Just feels shitty today. Cut losses! Cut losses!

We all do it, 10 good trades, get greedy, don't want it to stop, try too hard then blow all the gains in 1 trade and more

Only money, only blow it on hookers anyway if you've got any sense