The S&P 500 has topped at 2430 on 6/1/17

The S&P 500 has topped at 2430 or is within 22 points of topping


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It's closed now but I had a guaranteed stop with broker hence zero gap risk.
So you mean if something big happens over the weekend and the futures open up on Sunday heavily down by dozens of points, your broker will pocket the loss and let you get out at your stop price even though the first print might be 20 or 30 points lower?

Not criticizing, just asking because this is in fact what would have to happen for your broker to guarantee the stop.
 
So you mean if something big happens over the weekend and the futures open up on Sunday heavily down by dozens of points, your broker will pocket the loss and let you get out at your stop price even though the first print might be 20 or 30 points lower?

Not criticizing, just asking because this is in fact what would have to happen for your broker to guarantee the stop.

Spread betting is essentially betting, you pay extra spread when placing guaranteed stop loss orders.
 
Spread betting is essentially betting, you pay extra spread when placing guaranteed stop loss orders.
That is crazy. If a nuclear bomb goes off and we open hundreds of points lower, then what? Where does the money come from to guarantee the stop prices? Perhaps the shop will be taking positions themselves based on what is outstanding to essentially hedge themselves?
 
That is crazy. If a nuclear bomb goes off and we open hundreds of points lower, then what? Where does the money come from to guarantee the stop prices? Perhaps the shop will be taking positions themselves based on what is outstanding to essentially hedge themselves?

I'm certain bookies have their risk modules in place, as they are regulated by the FSA it's safe enough not to worry about how bookie lays the bet in actual market, if at all.

Remember, majority stand to lose long term, so by laying bookie wins as long as risk module is adhered to. Bet365 made over $600m profit last year, if I'm not mistaken.
 
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Bulls are just to relentless
After option expiration I will start a new thread for the next inflection zone since this one is no longer valid

Do you even make any money doing this Lol? "80% chance the snp has topped" you sound like a fortune teller. Are you paper trading lol?

Also to your remark about options being a losing game, have you ever bought quality deep in the money options 9-12 months out? If you are buying cheap options, you get what you pay for.
 
Do you even make any money doing this Lol? "80% chance the snp has topped" you sound like a fortune teller. Are you paper trading lol?

Also to your remark about options being a losing game, have you ever bought quality deep in the money options 9-12 months out? If you are buying cheap options, you get what you pay for.




Like volente, Lion in video below attacked the whole S&P500 bull-herd causing them to disperse, then isolating one over-rated but tired stock, which he nailed successfully - risked been trampled and killed in real life on the Serengetti, was also accused of paper trading, but boy did he enjoy the real spoils of that kill.


 
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