Up we go..$$
So whats up with this sell off 9-20-2021
- Thread starter Rickshaw Man
- Start date
Trailing stop?
Nobody knows, and never will know. He lost a lot of unrealized profits today.
Watch the close folks. There is nothing unusual about this tiny retracement. Let the market tell you what to do.
I think 16100 seems to hold.
Up we go, holidays are a great time to float stock index futures up on very little volume. Seen it happen sooooo many times.
Yeah but, just when everyone thought Omicron would be one more near term bull slaughtering death knell for the markets, our boy Riggie's up HUGE tonight.
214 points.
That one even shocks yours truly.
At least I remained mum on any predictions as these things go.
I had a feeling tech would do a contrarian rally, but holy schmolly, not this friggin much.
And there was no way I was gonna go out on a limb and write about it either way.
Riggy's probably up $35K if he didn't bail out, which any normal person would have.
As long as he had enough money in his account to suffer the drawdown+performance bond.
Basically, on his position, when the NQ hit 16000 on Friday, he was long 9 contracts at 16,176
So 176 points down.
So his position was -$31,680. By holding those contracts overnight, his performance bond was $-168,300, assuming a $17,000 maintenance, which results in 18,700 initial times 9 contracts.
It comes out to pretty much $-200K+mo' money needed in account to not suffer a margin call.
So we must assume he had more than 200K cash in his account. But we cannot trust that assumption, because your pal Rickshaw never lets us know what his brave balance is. And one does not have to on fake sim.
This from another thread this morning....