Trading a Bear Market Crash: newbs are fkd, Why don't talking heads help?

Clubber Lang · Mar 16, 2022

KGTrader4 said:
I'm a newb that got rekt this morning the other way. i went short soon after the open with SDS. Stuck with my "strategy" and sold for a 60 cent loss on 2000 shares (mistake on my part, meant to buy 1000).

If a $1200 loss is getting “rekt” you are trading way too big for your account size.

I realize you overbought but even if you lost $600 that sounds like a large loss for you.
Meanwhile it was only a .60 move on a $44 stock.

Cut your size or you will be long gone before you figure things out.

Good luck

Concinnity · Mar 16, 2022

The_Krakenite said:
Nope... it isn't until the ICBMs fly past each other that we'll have seen the worst. The thing is, we haven't priced that in yet because it won't matter...

I've already got orders in at ES 800, 400 and 100. Not going to miss out on those fire sale prices. It will be the buy of my lifetime.

vanzandt · Mar 16, 2022

Scataphagos said:
If you're ever a bear and wrong, you'll likely lose your job.

But if you're a bull and wrong, that's OK.... almost everybody else is wrong too.

NFT that post.

KGTrader4 · Mar 16, 2022

Clubber Lang said:
If a $1200 loss is getting “rekt” you are trading way too big for your account size.

I realize you overbought but even if you lost $600 that sounds like a large loss for you.
Meanwhile it was only a .60 move on a $44 stock.

Cut your size or you will be long gone before you figure things out.

Good luck

Yeah I realize that. I’m honestly just screwing around, I haven’t started serious trading yet, still formulating how I want to approach, and what my rules will be. When I feel like I have a strategy, I’ll fund the account with, probably $50k, and won’t be trading that kind of size.

I used the word rest, just because it fit the narrative of the thread. The $1200 wasn’t a big deal

murray t turtle · Mar 17, 2022

Nine_Ender said:
Poor "newbs" buying support somebody better help them .

LOL\
the elephants [figure of speech]were going lon+ stong also.............................................................................................................................................../dont know what they will do @ close , that'$ 3;00 CST/LOL :caution:

MKTrader · Mar 17, 2022

KCalhoun said:
I can't help but feel bad for the legions of newbie traders, less than a couple year's experience, who are shitting their pants being bagholders/buying dips... : o

What pisses me off is the talking heads on financial news tv who fkg REFUSE to tell the public:

a) how to short stocks

b) how to buy index / stock puts

c) how to trade inverse ETFs like SARK/UVXY/SQQQ/TZA

somebody help me understand, why don't talking heads Ever discuss bear/short strategies??

they're hurting especially new traders, with bs buy the dip commentary

Are you still short? From what levels?

Nine_Ender · Mar 17, 2022

murray t turtle said:
LOL\
the elephants [figure of speech]were going lon+ stong also.............................................................................................................................................../dont know what they will do @ close , that'$ 3;00 CST/LOL

Some of these threads Ken puts up are so badly timed they are funny.

Nine_Ender · Mar 18, 2022

Laissez Faire said:
One day is just that. One day. The last time SPX was up > 2 % the next day was down. Overall, SPX is down approx. 11 % and NASDAQ 20 % and many single stocks are down far more than that.

It's not a crash for sure, but we're definitely in a correction and nobody knows how low we'll go.

Meanwhile, the TSX ( Canada ) hit a new ATH close yesterday. SPX was up 5.9% off an obvious bottom setup a few days ago and isn't down at all since Jan 27th.

klattermusen · Mar 19, 2022

newwurldmn said:
we were all newbs too.

true; but retarded hazing rituals and watching people get destroyed when it's unnecessary smacks of sadism.

Wide Tailz · Mar 21, 2022

KCalhoun said:
somebody help me understand, why don't talking heads Ever discuss bear/short strategies??

they're hurting especially new traders, with bs buy the dip commentary

If this is actually a serious post and not troll bait, you already know the answer if you have lived through a few bear markets already. It is how the livestock are harvested. All that stuff in the public domain is there for a reason, and it aint charity.....