You will need lot more than a bong on Mondays open.. Lot more..
Markets will surge... your account value in the dust..
fed cuts 0.25% bloomberg
- Thread starter just21
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You will need lot more than a bong on Mondays open.. Lot more..
Markets will surge... your account value in the dust..
Cutting the discount rate was a good move
BSC at just $2? wow
BSC at just $2? wow
I'm with you HFT. Worst case, the fut's go limit down. You don't want to be short the fut's if that happens. That is the golden opp for the Fed to lower the rates to whatever. If that happens the market will react violently.
Trading is about knowing how to do something over and over. The next few days are a perfect time to do absolutely nothing. Both bulls and bears are assuming an insane amount of risk just by putting on a trade. You go short and the Fed cuts you're screwed. You go long and something else unexpected happens and you're screwed. You go golfing and the worst that can happen is your broker will go bankrupt, in which case you're still screwed but at least you still got in a round of golf. Now that's what really matters
Trading is about knowing how to do something over and over. The next few days are a perfect time to do absolutely nothing. Both bulls and bears are assuming an insane amount of risk just by putting on a trade. You go short and the Fed cuts you're screwed. You go long and something else unexpected happens and you're screwed. You go golfing and the worst that can happen is your broker will go bankrupt, in which case you're still screwed but at least you still got in a round of golf. Now that's what really matters
SPX is already on its knees , kneeling down at 1270 area, it finds a huge reason to reverse course and open higher. Dow will tag 400+ easily and the shorts will burn in hell one by one..