ES Journal - 2019/2020
- Thread starter Buy1Sell2
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A good day to stay out of the markets unless you really know what you're doing and/or are fat from profits from the last weeks that you're willing to put at risk.
There's great opportunity, but also great risk.
This is the first time I've witnessed a limit down myself - so just watching today.
Worldwide computer panic - not virus panic?
There sure is panic and it may be overdone, but you're surely in denial too.
If your method needs a 20 % drop to trigger a reversal - I think it's a bit too slow.
There's great opportunity, but also great risk.
This is the first time I've witnessed a limit down myself - so just watching today.
Worldwide computer panic - not virus panic?
There sure is panic and it may be overdone, but you're surely in denial too.
If your method needs a 20 % drop to trigger a reversal - I think it's a bit too slow.
I'd give your post a dozen likes if I could for so many reasons.
Imo, those who know what they are doing will stand aside until the market slows down a good bit.
It is nice to know that somethings will never change though, right?
Interesting how NQ has bumped up against 9093.23 several times now, which was the limit down price from overnight. ES stopped about 6 points short of this key level.
Have to be, yes.
No doubt.
Any sources on this...?
I'd imagine you're right.
On the other hand - there must be some quant strategies that are doing well too. For example Medallion did really well in 2008.
Overall, I bet a lot of people have been hurt already and that hurt may increase in the days/weeks to come. The pain threshold may not have been reached for everyone yet and if we can't find a bottom at 20 % down or so - true panic selling/forced liquidation should set in.
Actually, we hit 20 % down to the tick today at 2715.
B1... go golfing already.
If you think these are good buying opportunities, just wait until November 4th!
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