Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Earnings earnings earnings and free trillions from the fed.
I'm going to say today, I would not be surprised to see profit taking tomorrow even after a stellar aftermarket rally.
Blowing up in sim had an advantage. The reset button.
Unfortunately I think it is real money. He was buying the overnight risk free move, which unfortunately completely blew up with -5% limit down overnight days a couple of times in March. There is no way he has money left in his account.
What? You turning bearish?
He had earned SO MUCH MONEY doing what he had done, the same thing over and over again, for so many years, as he said, I find it hard to believe he blew all of those gains in a few down moves. Because there were no gains. Because it was sim.
He didn't blow it all in Q4 2018, when the overnight session kept dropping and dropping.
A few limit down moves last month cannot crush the mighty Rickshaw! (And remember, we had some up-limit moves as well!)
Sim accounts always have the reset button! He'll be back when the Covid is no loner in the news cycle. Or maybe sooner! Just depends on how we get through Q2 earnings.
He made like 0.05% every day and blew up -5% in one day -- so that is 100 days of gains. And it was several large drops, and so basically he is a goner since he most likely increased his size over time