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The Swamp

  • #53,961
  • Mar 6, 2020 10:21am Mar 6, 2020 10:21am
1H support for EU stop the fall
1H resistance - for indices stop the run -
now smaller time frames conflicting.

i think we will see more selling into the close both USD and markets. also energy sector could add pressure.

WTI - 8%
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,962
  • Mar 6, 2020 10:25am Mar 6, 2020 10:25am
Quoting gatorinla
{quote} an oil drop can bring non related equities down.
smaller drillers are in trouble. The banks will absorb this plus the home foreclosures. In a market with lower rates leaves less money to be made. One can add airlines etc.. Its all connected one way or the other.. The local donut shop etc will suffer. From the casinos, with "all you can eat crab buffet". To the craber

The largest American banks – JPMorgan Chase, Citi and Bank of America – lead financing for ultra-deepwater oil and gas projects that extract fossil fuels from 1,500 metres and below.Oct 13, 2019
those who can, do. those who cant, talk about those who can
  • #53,963
  • Mar 6, 2020 10:28am Mar 6, 2020 10:28am
Quoting gatorinla
{quote} smaller drillers may be in trouble. The banks will absorb this plus the home foreclosures. In a market with lower rates leaves less money to be made. One can add airlines etc.. Its all connected one way or the other.. The local donut shop etc will suffer. From the casinos, with "all you can eat crab buffet". To the craber The largest American banks – JPMorgan Chase, Citi and Bank of America – lead financing for ultra-deepwater oil and gas projects that extract fossil fuels from 1,500 metres and below.Oct 13, 2019
https://elite.finviz.com/quote.ashx?t=BAC&ty=c&ta=0&p=m
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,964
  • Mar 6, 2020 10:42am Mar 6, 2020 10:42am
Anyone follow the VIX? At 46 right now.
  • #53,965
  • Mar 6, 2020 10:49am Mar 6, 2020 10:49am
Quoting WhipKream
Anyone follow the VIX? At 46 right now.
will end up today on big fall or big up day again. i think big panic. by the end of the day
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,966
  • Mar 6, 2020 10:56am Mar 6, 2020 10:56am
Quoting DMA Trader
{quote} will end up today on big fall or big up day again. i think big panic. by the end of the day
Same here. It's building in indices and yen pairs. Swissy leading again. The inevitable drop is coming. This month or the next, not sure how long it will last before the bottom though. At least there's some volatility to keep us entertained. I just wanted to see DXY hit 100, don't think it will though. Not with this PA. It's friday and the dead cat bounce wasn't enough for stocks. The fear will really set in this weekend.
  • #53,967
  • Mar 6, 2020 11:04am Mar 6, 2020 11:04am
Quoting DMA Trader
{quote} my strategy for taking losses is like this i usually hedge or make trades that are not going the same. also when i am making money i am closing smaller position from the core (losing) position third I am closing trades on loss when i have shorts like eur/usd - and it drops 50 pips to 1H support or 4H also position against 1H trend are never big. - i also don't use a lot of leverage. i love trading many trades taking smaller profits multiplied by many positions. - it adds up also sometimes when i reach "my goal" i close stupid trades to light...
I rather cut and get back in later. The psychology of not closing a losing trade, is where many fail. For some reason having a red trade in the history bothers people. A bad trade is just that, a bad trade. Holding it till it turns, is just a waste of time and money. A rotten apple in the bushel. A loss of opportunity.
those who can, do. those who cant, talk about those who can
  • #53,968
  • Mar 6, 2020 11:08am Mar 6, 2020 11:08am
Quoting DMA Trader
{quote} will end up today on big fall or big up day again. i think big panic. by the end of the day
point me to the trader, (not investor). Who wants to hold equities over the weekend with corona..
those who can, do. those who cant, talk about those who can
  • #53,969
  • Mar 6, 2020 11:08am Mar 6, 2020 11:08am
Quoting DMA Trader
{quote} will end up today on big fall or big up day again. i think big panic. by the end of the day
close shorts SPX. - will go long on panic .. if no panic. i will not do anything.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,970
  • Mar 6, 2020 11:09am Mar 6, 2020 11:09am
TSLA 686 - just saying
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,971
  • Mar 6, 2020 11:11am Mar 6, 2020 11:11am
The talking heads on CNBC are trying to talk investors off the ledge. Yet the gov dont have the test out.
those who can, do. those who cant, talk about those who can
  • #53,972
  • Mar 6, 2020 11:12am Mar 6, 2020 11:12am
Quoting gatorinla
The talking heads on CNBC are trying to talk investors off the ledge. Yet the gov dont have the test out.
who is investing right now for 5 to 10 years. ))) what kind of advice is that.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,973
  • Mar 6, 2020 11:13am Mar 6, 2020 11:13am
Quoting DMA Trader
TSLA 686 - just saying
that may be a nible... the market being down reduces DT chances. More electric cars w/o DT
those who can, do. those who cant, talk about those who can
  • #53,974
  • Mar 6, 2020 11:16am Mar 6, 2020 11:16am
Is Rick Santelli still on the air at CNBC?
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Follow the money --Mark Felt (Deepthroat)
  • #53,975
  • Mar 6, 2020 11:17am Mar 6, 2020 11:17am
BREAKING: Italy reports 778 new cases of coronavirus and 49 new deaths, raising total to 4,636 cases and 197 dead
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,976
  • Mar 6, 2020 11:18am Mar 6, 2020 11:18am
Quoting longfellow
Is Rick Santelli still on the air at CNBC? {image}
yeah He apologize today for that
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,977
  • Mar 6, 2020 11:27am Mar 6, 2020 11:27am
DOW -700 ?

buying the dip ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,978
  • Mar 6, 2020 11:31am Mar 6, 2020 11:31am
New York coronavirus cases triple over 48 hours to 33, thousands under ‘precautionary quarantine’
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,979
  • Mar 6, 2020 11:33am Mar 6, 2020 11:33am
Quoting gatorinla
{quote} I rather cut and get back in later. The psychology of not closing a losing trade, is where many fail. For some reason having a red trade in the history bothers people. A bad trade is just that, a bad trade. Holding it till it turns, is just a waste of time and money. A rotten apple in the bushel. A loss of opportunity.
how fast? the theory of 1% risk ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,980
  • Mar 6, 2020 11:57am Mar 6, 2020 11:57am
Quoting gatorinla
{quote} I rather cut and get back in later. The psychology of not closing a losing trade, is where many fail. For some reason having a red trade in the history bothers people. A bad trade is just that, a bad trade. Holding it till it turns, is just a waste of time and money. A rotten apple in the bushel. A loss of opportunity.
100% agree. We have a psychological bias towards holding, because that allows us to believe in our superior strategy. Only realizes losses "prove" the failures in our strategies.
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