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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
http://www.barchart.com/headlines/story/11486502/calling-a-top-in-the-equity-marketsQuote from mastacoli71:
Imagine crash of 87, 9/11, flash crash. Not saying it can happen now but this is the issue I see with holding longs long term unhedged. I guess it all depends on how leveraged one is with their position and if they have dry powder to buy a big dip if an event like this happens.
You don't have this type of shock risk holding short; maybe max 2-3% being short. But as always comes down to risk control which includes stops and cap management.
I wonder how many got wiped out on flash crash.
Quote from mastacoli71:
You have a stop point on the SPY long u been adding to?
Cost average is very low as this is a long term position. A "crisis" stop would actually be a massive buy signal.
I share these "buys" as an opinion on long term bias and mid term FED action as well as future capacity. A little optimism to again unleash the US potential is a major multiplier.
ammo....thanks for the chart (83).
Thx. History repeats. Feds/govs create asset bubbles, no different this time around not will it be 100 years from now. Seen many headlines on how this time is different, that remains to be seen.