You obviously are not experienced, stout yeoman. Go back to 2015, and chart the indices. I fart in your general direction, and your saxophone smells like it need a wax!
Dunit, gone to cash!
- Thread starter VicBee
- Start date
You obviously are not experienced, stout yeoman. Go back to 2015, and chart the indices. I fart in your general direction, and your saxophone smells like it need a wax!
Zuul cannot be invoked unless absolutely needed. It is too powerful to be used lightly.
It's possible, but I'm in a thankfully comfortable enough position not to have to closely time the market. I may miss out on a few % gains and be ready for the next 30+% drop. Of course if the drop doesn't come in the coming months I will be back at square one....
I don’t care what the market does. Up…down…sideways. Quick, short, repetitive, surgical strikes for me. In and out. And sleep well at night. What many deem the hardest game in town is sheer delight to me. Short term trading. In and out in 30 seconds to 30 min on most trades. 10 to 30 opportunities per session. What more could I ask for?
Well, you are going to have plenty of opportunity starting at 1:50 PM EDT tomorrow, running all the way into end of RTH!
A 30% drop is basically unthinkable these days. Such would trigger abject panic and cause the markets and financial system to totally implode; recall how things almost blew up over the Treasury basis trade back in 2019 just because the Fed wasn't actively doing QE! The Fed will intervene to directly buy stocks long before we get anywhere close to such levels.
...unless they can't, in which case it's not a knife you want to be catching.
What do you mean "these days"? The 30 percent drop just happened, 1 1/2 years ago! There was no abject panic and financial system implosion! The only difference between then and now is that they have to start tapering their go juice. How hard can it be!