So whats up with this sell off 9-20-2021

[SunTrader]

Hedge funds are overrated, and essentially a scam.
Steve Cohen's original firm was busted for inside trading, and his new venture basically just matches the returns of the S&P.

He charges/makes...2.85% off the top, and collects 30% of profits of client funds.
No wonder hedge fund founders get so rich...by basically conning their clients.
When you oversee 16 billion...those percentages add up to serious money.

He started his career as a junior options trader and became a multi-billionaire.

"Don't hate the playa".

 

[SunTrader]

Well everyone and their mom is short, so... Squeeze.

It is often asked here and on many other trading forums ... why do so many traders lose?

My belief is ... they assume too much. Especially from often a small, stilted sample size. Think about it.

 

[newwurldmn]

Ok I understand. I used to believe news is useless and no longer do, but nonetheless you didn't answer my question.

Absence of news is absence of news.

Price moves all the time, news doesn't happen all the time.

Unless you want to be contrary (not contrarian) and say it does, just for the sake of sticking to a point that is irrational.

I often trade when there isn’t news - but as I said the anticipation of no news is the ideal market for a short vol trader.

my biggest money has been trading around a news event.

 

[JSOP]

If the Feds is smart and says the right thing, we might have green open green close or at least green open flat close, no red. Fingers crossed.

Told you, Green open Green Close.

 

[JSOP]

This time is different, Dest said -10% until end of November

https://www.morningstar.com/news/ma...ranted-and-pencil-in-an-earlier-interest-hike

This is probably what might be justifying the drop till November. The market is going to price in this tapering announcement which is happening in November and by that November announcement rolls around, the market would've dropped some already. Whether it's really going to drop by 10% or more or less than that is going to depend on how much was the bubble brought on by the QE and how much we can grow the economy. If the QE brought on 10% bubble but if we can genuinely grow the economy by 2%, then we might see a drop of only 8%, for example.

 

[Overnight]

https://www.morningstar.com/news/ma...ranted-and-pencil-in-an-earlier-interest-hike

This is probably what might be justifying the drop till November. The market is going to price in this tapering announcement which is happening in November and by that November announcement rolls around, the market would've dropped some already. Whether it's really going to drop by 10% or more or less than that is going to depend on how much was the bubble brought on by the QE and how much we can grow the economy. If the QE brought on 10% bubble but if we can genuinely grow the economy by 2%, then we might see a drop of only 8%, for example.

Well, since we're already down 4%, what's another 6% between friends.

I think Powell's assuaging the anguish about Evergrande helped stop some bleeding.

All I know is, the FOMC is the nightmare on my street!

I almost miss the salad days of Trump tweets moving the markets!

 

[JSOP]

Well, since we're already down 4%, what's another 6% between friends.

I think Powell's assuaging the anguish about Evergrande helped stop some bleeding.

All I know is, the FOMC is the nightmare on my street!

I almost miss the salad days of Trump tweets moving the markets!

I agree with Powell. People need to stop freaking out about Evergrande. LOL It really should've been a non-event. We need to focus more on our own economy and well-being instead of giving the CCP the satisfaction of seeing China can somehow influence western markets. If this is really true, all the more reason that we need to focus on developing our own economy.

 

[David's faith]

It is often asked here and on many other trading forums ... why do so many traders lose?

My belief is ... they assume too much. Especially from often a small, stilted sample size. Think about it.

Nah. I have theories, which I lean against each other. Only if I have strong conviction I know which patterns will hold and which don't. But the squeeze theory is just a reason I don't think the drop will be too heavy. Dollar going up means equities going down and the dollar surely will rise after yesterday, however, they will make shorting not easy / hard.

 

[KCalhoun]

Things seem so unpredictable I'm doing much less swingtrading and much more daytrading.

Overnight gaps are a coin toss, and that's bad odds

 

[themickey]

Things seem so unpredictable

What's so unpredictable about the stockmarket's upward bias?