Disliked{quote} Seems like a lot of traders are having issues lately with the change from strong 2 1/2 mo bull trend (buy the dip long only bias) + increased volatility which makes prior effective smaller stops less effective with wider ranges.Ignored
It was technically overdue and now combined with the uncertainty of the demise of the US.....well, perfect storm for a sell-off on the indices. Actually, gold should remain bullish if the equities sell-off continues as nobody really wants USD either.
This is where props actually save a lot of folks financially, you lose a sub fee or two or three as opposed to your entire broker account you worked 5 years to accumulate.
If someone just started trading within say the past 2-3 years, they're like, Wow, this is so simple....I guarantee there are a lot of margin called accounts the past 2-3 days.
I'm sure GDP at 8:30 will either extend the free fall or be the catalyst for reversal.
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