Midnight rally

Retief said:
Have you already forgotten March 2020:

The 2020 stock market crash began on Monday, March 9. The Dow fell 2,013.76 points that day to 23,851.02.1 It had fallen by 7.79%. What some labeled as “Black Monday 2020” was, at that time, the Dow’s worst single-day point drop in U.S. market history.

On Thursday, March 12, 2020, the Dow fell a record 2,352.60 points to close at 21,200.62. It was a 9.99% drop, almost a correction in a single day. It was the sixth-worst percentage drop in history.

On March 16, the Dow hit a new record. It lost 2,997.10 points to close at 20,188.52. That day’s point plummet and 12.93% free fall topped the original October 1929 Black Monday slide of 12.82% for one session.1

Prior to the 2020 crash, the Dow had just reached its record high of 29,551.42 on February 12. From that peak to the March 9 low, the DJIA lost 5,700.40 points or 19.3%. It had narrowly avoided the 20% decline that would have signaled the start of a bear market. ​
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Have you forgotten that Rickshaw and eqtrdr were totally absent from the trading sections (and probably the entire forum) during that time? There were no "risk-free" posts at that time. There was no "FOMC juicing the markets" posts. That's why I call BS on both of them.
 
Overnight said:
Have you forgotten that Rickshaw and eqtrdr were totally absent from the trading sections (and probably the entire forum) during that time? There were no "risk-free" posts at that time. There was no "FOMC juicing the markets" posts. That's why I call BS on both of them.
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True.

However, I do think Rickshaw actually posted that he had a rather large loss during that period. How large? We'll never know unless he shares it.

If you never compound or increase your stake a bull that's fat on profits can easily handle some drawdown and still be way ahead.

However, if a bull is caught on the wrong side of the market with a large position and even averages down not willing to take a loss he can easily lose it all very quickly on the next drop (which will come sooner or later).
 
Risk free profits on offer. Who is taking.

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fan27 said:
But do you have brass balls?

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I have balls as big as church bells, unlike these other jamokes 'round these parts. I lost them when the markets started going apeshit after Powell took the helm, but I am no longer falling for it. Buy, hold, roll. The simplest ingredients and formulae can make the tastiest cake.

Here's my current live money entries. I'm committed. Is Rickshaw and eqtrdr? Nah, they are still stuck in sim-land.

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