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The Swamp

  • #54,721
  • Mar 11, 2020 11:53am Mar 11, 2020 11:53am
Quoting gatorinla
{quote} 1 min 1300, 5 min 1324
Does it have a chance to hit 1300s before re dropping?

thanks
It's always part of a bigger plan
  • #54,722
  • Mar 11, 2020 11:59am Mar 11, 2020 11:59am
schools close here
shopping malls about to be closed - traffic is terrible
people staying in the house.
37 official cases .
everything above 100 people is canceled
all churches here shut down services
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,723
  • Mar 11, 2020 12:02pm Mar 11, 2020 12:02pm
Quoting Mickster
{quote} Does it have a chance to hit 1300s before re dropping? thanks
always a chance, but a diminishing chance. 30 min at 1283. lc closed lower at 1275.

WHO puts corona at a 10X rate, more deadly than the flu. At a normal 56K from flu. Corona may kill 1/2 million Americans (560k). Can you hear me now?

Inserted Video
those who can, do. those who cant, talk about those who can
  • #54,724
  • Mar 11, 2020 12:03pm Mar 11, 2020 12:03pm
Quoting DMA Trader
schools close here shopping malls about to be closed - traffic is terrible people staying in the house. 37 official cases . everything above 100 people is canceled
about 100.000 people coming back from Italy to Romania
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,725
  • Mar 11, 2020 12:06pm Mar 11, 2020 12:06pm
Careful with shorts if the low holds. Possible butterfly
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Motivation comes from within
  • #54,726
  • Mar 11, 2020 12:17pm Mar 11, 2020 12:17pm
ITALY DEATH TOLL FROM CORONAVIRUS OUTBREAK RISES TO 827 FROM 631 ON TUESDAY TOTAL NUMBER OF CONFIRMED CASES OF CORONAVIRUS IN ITALY RISES TO 12,462 FROM 10,149 ON TUESDAY - OFFICIAL

wow !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,727
  • Mar 11, 2020 12:20pm Mar 11, 2020 12:20pm
REUTERS: "The White House has ordered federal health officials to treat top-level coronavirus meetings as classified, an unusual step that has restricted information and hampered the U.S. government’s response to the contagion."
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,728
  • Mar 11, 2020 12:24pm Mar 11, 2020 12:24pm
Quoting DMA Trader
ITALY DEATH TOLL FROM CORONAVIRUS OUTBREAK RISES TO 827 FROM 631 ON TUESDAY TOTAL NUMBER OF CONFIRMED CASES OF CORONAVIRUS IN ITALY RISES TO 12,462 FROM 10,149 ON TUESDAY - OFFICIAL wow !
I read the moral toll on the docs is overwhelming. They have to chose who will die, and who will be treated. It's no longer "first come, first served". More like a Army MASH unit. Not enough beds etc. Medical personal at breaking point. Some medical personnel are now patients. Dire situation. The U.S. is 2 or 3 weeks behind Italy.
those who can, do. those who cant, talk about those who can
  • #54,729
  • Mar 11, 2020 12:27pm Mar 11, 2020 12:27pm
Quoting gatorinla
{quote} I read the moral toll on the docs is overwhelming. They have to chose who will die, and who will be treated. It's no longer "first come, first served". More like a Army MASH unit. Not enough beds etc. Medical personal at breaking point. Some medical personnel are now patients. Dire situation. The U.S. is 2 or 3 weeks behind Italy.
same problem here - huge problem with beds.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,730
  • Mar 11, 2020 12:30pm Mar 11, 2020 12:30pm
https://elite.finviz.com/quote.ashx?t=BA&ty=c&ta=0&p=d

BA - 13%
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,731
  • Mar 11, 2020 12:30pm Mar 11, 2020 12:30pm
Government officials who try and minimize the threat of COVID-19 and spout the high number of deaths we get each year from the flu leave out the most important fact: we're familiar with the flu, we expect it every year and have a vaccine developed to prevent infection. 85% of the children and just over 60% of the adults who die from flu are unvaccinated. With COVID-19, we're on our own. It's a novel, new virus. There is no vaccine and it's up to your immune system, and how quickly you addressed treatment for the outcome.

I am surprised that Wall Street even entertains the idea of up days. I imagine in 3 weeks the 1st quarter reports of some firms may even be flat, thanks to a decent Jan and Feb. But 2nd quarter reports most surely will be brutal.
Follow the money --Mark Felt (Deepthroat)
  • #54,732
  • Mar 11, 2020 12:32pm Mar 11, 2020 12:32pm
1 min at 1387/93
those who can, do. those who cant, talk about those who can
  • #54,733
  • Mar 11, 2020 12:34pm Mar 11, 2020 12:34pm
Quoting longfellow
Government officials who try and minimize the threat of COVID-19 and spout the high number of deaths we get each year from the flu leave out the most important fact: we're familiar with the flu, we expect it every year and have a vaccine developed to prevent infection. 85% of the children and just over 60% of the adults who die from flu are unvaccinated. With COVID-19, we're on our own. It's a novel, new virus. There is no vaccine and it's up to your immune system, and how quickly you addressed treatment for the outcome. I am surprised that Wall...
This is what happens when people in government are talking their personal book. Instead of the safety of the people.
those who can, do. those who cant, talk about those who can
  • #54,734
  • Mar 11, 2020 12:42pm Mar 11, 2020 12:42pm
I'm stuck in a pickle right now. My job got me not paying attention and a bunch of moves hit and here is what I got.
Anyone got advice on when to unload longs on this?
Would be appreciated.

Thanks
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It's always part of a bigger plan
  • #54,735
  • Mar 11, 2020 12:44pm Mar 11, 2020 12:44pm
Quoting Mickster
I'm stuck in a pickle right now. My job got me not paying attention and a bunch of moves hit and here is what I got. Anyone got advice on when to unload longs on this? Would be appreciated. Thanks {image}
how much equity ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,736
  • Mar 11, 2020 12:45pm Mar 11, 2020 12:45pm
Quoting DMA Trader
{quote} how much equity ?

That's the thing... I can add as much as needed, I just don't wanna lose 5k this easily

Edit'' I could add maybe 2-3k more... i'm running out of funds with all my other placements.
It's always part of a bigger plan
  • #54,737
  • Mar 11, 2020 12:47pm Mar 11, 2020 12:47pm
Quoting Mickster
{quote} That's the thing... I can add as much as needed, I just don't wanna lose 5k this easily Edit'' I could add maybe 2-3k more... i'm running out of funds with all my other placements.
well if you can add "as much as needed" not sure about the problem

i also see you have 6 L short and 3 longs ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,738
  • Mar 11, 2020 12:48pm Mar 11, 2020 12:48pm
Quoting Mickster
{quote} That's the thing... I can add as much as needed, I just don't wanna lose 5k this easily Edit'' I could add maybe 2-3k more... i'm running out of funds with all my other placements.
ok i see the edit now.

so how much equity is left into account - right now

you cand trasfer another 3000 but how much is it now.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,739
  • Mar 11, 2020 12:50pm Mar 11, 2020 12:50pm
Quoting DMA Trader
{quote} ok i see the edit now. so how much equity is left into account - right now you cand trasfer another 3000 but how much is it now.
1894 right now

If I add more, and I lose that amount, then I'm in a serious temporary financial problem. I can't sell my DOW at this rate...
It's always part of a bigger plan
  • #54,740
  • Mar 11, 2020 12:55pm Mar 11, 2020 12:55pm
Quoting Mickster
{quote} 1894 right now If I add more, and I lose that amount, then I'm in a serious temporary financial problem. I can't sell my DOW at this rate...
so balance about 4000 eur and equity about 1900

now talking about leverage right now probably doesn't help
risk on the account is huge

but you have 6L shorts so you probably want for it to go down so you can make enogh money at a point to take loss out. from longs

but you are risking - more right now with a position that only needs about 50 pips up and the account is dead.
very risky
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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