Perhaps the ECB will do an EMERGENCY rate hike, in order to stave off inflation. The Italians are stuck in a giant bowl of meatball soup, dragging the rest of Europe down the shit hole with them. We are at a point where the Fed needs to intervene right away, else we shall dive much, much lower.
Is that good for the economy, Rick Santelli?
Of course not, fucktards.
If the market gets down 20-30% from the highs, the economy will tailspin lower, fucking the world to the tenth power.
The economy recovered sharply off the 2008 lows. However, the underlying problems still persist, starting with the illiquidity at the banks. The prospect for further stimulus here in the states is nil, mostly thanks to the Tea Party. After all, they need to fight that fucking inflation. Without stimulus or QE3, confidence will wane to the point where systemic risk grips Europe until it is choked off. The contagion will spread to Latin America, Asia and then here, first on a muni level, then on a national level.
10 year rates are at 2.5%!
One can make an argument that Congress exasperated the bloodletting with their ineptitude. Without confidence, nothing works. What you are seeing right now is a classic panic and a massive change in sentiment. I am getting crushed today and fear the selling can continue, especially going into the weekend. The only way we rally is if the Fed intervenes and ASAP.
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amen.
FED is out of Ammo?
GET IN THE FUNNEL
What now man fuck I lost half of my veeco acct already
I think the Fed is worried about hyper-inflation should they intervene. However, I believe the end result will be hyper-inflation.
We are basically fucked now, intervention or not.
I think the fed will intervene though, because they still need to kick the can down the road.
Well said. You can only worry about inflation if you’re alive. Fed/IMF/EU combo deal coming out this weekend. China or Russia might get involved also, as their livelihoods depend in part on exporting to Europe.
Nice call on shorting oil.
Thanks.
helicopter ben needs to start tossing coin down on the people,or there will be a sheeple stampede…….the old lady does a great italian meat ball soup……………get your maid to make you some.
Only stimulus possible is cutting taxes.
You mean RAISING TAXES. Obama wants you to pay your “fair share.”
you had to spoil my day by mentioning that idiots name
It appears we are all paying our “fair share” now thanks to the markets. Although my “fair share” is probably a lot larger than the fair share of the millions being moved from the stock market into the bond market while the little guy and his retirement account and personal portfolio suffers.
Who ever had confidence in Washington DC or Congress????? They are a bunch of asshats
WNR closes today GREEN.
No help yet. If the economy tanks into the 4th qtr., QE3 can begin shortly before the march to the elections. The “the Saviour” can benefit.
Oh and we are going to 2% for the 10 year…
Scott, there is no way they could wait until then at this rate. I think they wanted to wait for Precious metals to sell-off before intervening, and that is what is happening today.
More QE is on the way soon. They have no choice.
Scott is daydreaming.
I do that sometimes…You youngsters call it a “Senior Moment”
Oil near 75 but you won’t be able to get gold or silver down much this time…
ur wrong fly
about what?
we are going higher in the short term, go back and think about everything!
I am not selling anything. But the story has changed. Italy isn’t going to disappear.
too much technical damage. all you will see is lower lows until everyone says apocolypse, then we rally into christmas. no apocalypse yet
No one is dumb enough to leverage themselves here. But hey, if flirting with bankruptcy court is a fetish of yours, go for it.
THEY KNOW NOTHING!
Coke is being cut off, time for Rehab
rehab is for quitters
lol…
Thesis Statement: Although some of their policies and ideas were controversial, both Franklin D. Roosevelt and British economist John Maynard Keynes provided an indispensable source of leadership and skill in bringing America out of the Great Depression, Roosevelt with his New Deal, and Keynes with his radical theories and writings that a desperate America could not help but experiment with.
II. As the 1920s came to a close, the American economy began to falter and the unstable stock prices foreshadowed the coming economic doom.
A. Crop prices began to decrease, and farmers, along with African Americans and immigrants, moved to the cities to get low-paying factory jobs.
1. As the city population grew, the gap between the rich and the poor grew as well.
B. In September 1929, the prices of stock plummeted suddenly, and on Black Thursday (Oct. 24, 1929), the NY Stock Exchange was estimated to have lost $8 billion in paper money.
1. This crash left investors afraid and unwilling to put money into the failing economy.
a) The unwillingness to spend money caused a depression in the economy (known as the Great Depression).
III. The Depression had a large impact on the lives of Americans and the overall economic well-being of the US.
A. The Depression caused banks and businesses to close; it also caused people to “run” on the banks, or take out all their savings so that when the bank closed, they would not lose all their money.
A. As a way to end the Depression, FDR launched his New Deal in March 1933. It aimed to provide cash for the poor and create long term plans for economic revitalization. FDR explained his ideas to the public in his radio “Fireside Chats”.
B. In order to help him carry out his New Deal, FDR surrounded himself with a group of intellectuals and respected economists, “New Dealers”, named his Brain Trust.
V.
A. The Emergency Banking Act closed all banks and only allowed the financially sound ones to reopen. This “Bank Holiday” ended the practice of running on the banks.
B. He abolished Prohibition, which helped to stimulate the economy by allowing the manufacture and sale of alcohol.
C. The First 100 Days also brought about a series of public-works programs.
1. The Civilian Conservation Corps created jobs by sending men to plant trees in the wilderness.
2. The Public Works Administration and the Works Progress Administration built public buildings, sidewalks, etc.
3. The Agricultural Adjustment Act stabilized crop prices by limiting the amount of crops and livestock farmers could put out.
E. The Federal Housing Administration paid mortgages for struggling homeowners, and the Federal Emergency Relief Act set aside $5 million to give to the poor.
Pitbull
Fuck off with Keynes will you. Keynesian economics is basically a toxic brew of bullshit. It’s over. There will not be another Keynesian attack on economic well-being again in our lifetimes thank god.
The primary factor that saved FDR and the economy was WW II.
Factories started humming again and manufacturing exploded (mostly with war stuff, the consumer goodscame several years later).
I know.
Let’s do a World War III.
We must do this in order to save us.
tax rates were 90% back then,very few people had a phone, very few people owned a car. not everybody went to school. less than a hundred million people lived in the u.s. alaska and hawahi (sic)werent part of the states yet. different time, different era different everything
Also better looking women in the ’40s.
At least from what I can see in the books.
true pioneer women.knew how to hitch a team,plow a field,cook some grub, and plant da wnr with a smile on her face by sundown
Suck off, and your high school lecture.
Pittbull, you are totally right. However, most traders love the doctrines of Von Mises, Hayek, and Ron Paul, who is totally ignorant of economics in every way. So you will get nowhere on a stock trading board with these ideas. Perhaps you should post them on some other type of board.
People love their ideologies, because the modern world is so big and complex that it is overwhelming. Ideologies give you the “right” answer even without your having to consider individual situations or any facts at all. Facts are altered, ignored, or re-interpreted in order to fit into the main thing– the ideology around which your world and your identity revolve.
The Ron Paul/ Von Mises ideology is so popular with traders because, although they may not know much of anything, they know that they do not want to pay more taxes. And this ideology provides a wonderful story about how the economy, government, and society would be doing wonderfully if no one paid any taxes. The story is not true, but no one notices this. Humans love pretty stories that end up with their finding a magic lamp with a genie in it and getting 3 wishes.
Sorry, socialism still doesn’t work. Hayek didn’t need to prove that, the 20th century did.
_________
Well why didn’t just say so? We can send illegal immigrants to plant trees in the wilderness and that will solve the entire economic debacle! What should their wages be? 2 dollars a day?
why didn’t *you* just say so?
WEEEEEEEEEEEEEEEEEEEEE!!!!! 100 POINT RALLY FROM BOTTOM! RRRRAAAAALLLLLYYYYYYYYYYYYY!!!!!!!!!!!!!!!!!!!!!!!!!!!
QE3 won’t help the underlying problems of our economy… didn’t we learn that already from QE1+2. how is the market asking for a bailout via QE3 not similar to people on welfare asking for a handout? it’s not. let the free market reign..
Wrong. Without QE, the market would be at 5,000
gas would have been a $1…..Tought choice save the speculators or the real economy. First two rounds have gone to speculators. F it let our kids deal with the mess. Bring on QE3
Market would have flushed and reset by now.
Instead we have pump-bomb, pump-bomb, pump-bomb.
You like Chinese Water torture?
_____
At this point, there is going to be a deleveraging (a.k.a. losses). The question is, do you want those losses to come visciously, leaving people with no money to engage in trade with, and generally shutting down half the economy.
Or would you rather those losses occur over trade and industry, on the buying and selling side?
It sounds good to say QE didn’t work. But it let lot’s of people get liquid and stay in the game, which is much better than suddenly chocking off parts of the country and having crude methods of barter springer up everyone, accented ever so slightly with starvation.
thats already happening mr.thaler.the market is telling us that now
QE1 and QE2 worked u imbeciles! It worked look at the GDP numbers! It wasn’t a good type of work, but it was work. It wasn’t sustaining work, but it was work that produced fake inflationary results. Do u guys think the market is F*cn smart enough to know if it worked or didn’t. The majority of money is dumb money, and waiting to be lost. Follow it for now, then crush it at the last moment just like the big bets did right before the sub prime collapse. Be smart money and follow the sheep up to the cliff and let them fall off. BASIC STOCK INVESTING 101! That is my lesson for the day, now vote me for ur president u damn idiotic fools!
Exactly.
QE worked, but cannot do it all. The Govt is really messing with sentiment, going after corp jet guys. Without QE, we’d be in a depression.
The Depression is and has, been underway Senor ‘T’!
What is wrong with this Ron Paul is Back guy ?
Señor Fly: Do the right thing
Also these are the days where you realise how using margin is the devil
BWW
How about the Fed announcing provision of support lines to the Europeans to buy out their bonds? That will be sort of QE3 but not domestic, so the Tea Party should find it acceptable because they can interpret this option as non-inflationary for the US, and this will help alleviate the markets’ concerns. Just a thought on possible moves by the Fed…
I’m am like 99% confident the tea party is not going to read into it that deep, and just assume the Fed buying anything with money it doesn’t have is bad news.
Every now and then a generation of folks need to make sacrifices, this is the time I will gladly do it for my kids and future grandchildren because I am not greedy and I want to see them succeed. Obama and the Dems are out of here for the next 20 years as we sort through this mess…
Great and noble initiative! Now, can you buy my WNR for $23?
No, but I will buy DND for 11.50…
DNDN that is..
hahaha, best comment ever even though below the surface I also was long wnr into today.
If you fear something – fear DEFLATION. Europe is there folks. That is what the FED fears – DEFLATION. They are right to fear it. Rick S. Tea Partiers, Jake and all the rest can choke on the MEDICINE they want us to take. I ain’t no Liberal but I ain’t no fool either!
What medicine? I’m long gold, idiot.
You think I want deflation?
_______
Paxil prescriptions are going through the roof, I’ll bet.
Agreed.
Deleveraging is a bitch !!!
should have taken “the big bath” when we had a chance and had write downs acorss the board. WOuld have been tough at the time, but we’d be better for it today.
We’ve crossed the Rubicon, QE# must continue until it can’t, even though it will not help the underlying economy. Like Fly said, what else does the US have to offer? Well I guess we could hire out the military!!
As much as I want to believe in the bearded one me thinks we go lower for now. Once at max pain Benny and The Ink Jets will be able to do what ever they want.
I found comments from former governors interesting 600B helped “at the margin”. I suspect the next QE will be nuclear, or at least bazooka in size.
I suppose this is the crises phase for Europe and Al Gore’s pending American Spring.
http://www.youtube.com/watch?v=zeMZGGQ0ERk
Is Jean Claude Trichet on crack ?
Thinking Europe is better off than the US and Japan
BWW
1. The Economy did NOT recover from 2008. Global equities markets recovered via free money. Green Shoots and other verbal diarrhea spewed were merely an ‘illusion’.
2. Major Money Center Banks remain Insolvent.
3. They will take global equities markets lower in order to justify further printing (QE3 or whatever they wish to name it) with the masses ultimately ‘begging for it’, resulting in further currency depreciation and ultimately, $600 + ‘T’ global OTC Derivative apocalypse- Global currency crisis-Global Bond Market implosion.
4. Global Hyper-inflationary depression is underway!
Indeed!
u need a life. i feel sorry for u, especially when u wish death and gloom on others in every moment of ur life. go get laid.
” Most people hear only what they want to hear, while very few act on what they see.”
The naked Put which was QE etc has been removed for now……..this is the margin call or a gut test. We will live on
I can say with 100% certainty that there will be another housing meltdown if deflation rears its head again and prices decline. The transfer of debt from insolvent homeowners to government assisted FHA loaned new home buyers was vast. In the RDN call they said that the FHA makes up 40% of the new PMI market. With house purchases levered ~30:1 in most cases (3.5% down) and two years of equity in addition to that, there’s a small buffer new homeowners can handle.
Congress, should they ever come back from their arduous vacation, must make fiscal adjustments to help demand. Monetary policy has been more than accommodating.
I think it’s time to read Bernanke’s 2002 famous deflation speech again. Here’s the link.
Nice work, Hmmm. It’s been too long since I’ve gotten to enjoy one of your posts. I need to make more time for them.
Thanks Cain. I always enjoy your posts and I’m glad you are a full time blogger here.
Housing meltdown? I thought it never recovered and is still melted today.
http://www.mittromney.com/
Just donated $100.00
ROFL! Like he’s gonna help?
I wouldn’t donate .02 to any politician that exists today.
Unless of course I was in college again and Eugene McCarthy was running.
lol… support the Mittness Protection Program, it needs help; we have all been blessed with Rombama care.
I have lost all respect for the Fly.What a weiner, crying for Bernanke to save Him from his poor investment choices.
Leave the FLY alone, he is in a state of shock right now. It doesn’t mean he will do the wrong thing and sell. But wat it does mean he will tell u that he wrong right before he is right again. It’s part luck, part math, part emotion
We are in this murderhole because of Fed policy not for lack of it.
Edit; We are in this murderhole because of Fed policy not for lack of Intervention.
Absolutely Correct!
put your calls and balls on the line for millions to see rick. you got those kind of cojones rick. he’s not asking for nothing. go say the same on jamie dimons’ site,or better yet gs’s site. or C’s site. you will be promptly led by armed security from the tsa for waterboarding………..it’s all the flys’ fault damn it.time to buy the RAID
FLY, as a talented trader, we look up to you. So be strong and forward-looking. Nobody need to save you except yourself.
Right, we’re gonna balance our budgets out of this, right?
When your in a hole the first thing you got to do is STOP DIGGING!
I have a feeling fireworks are imminent
How long until we invade Europe? None of them have a decent military. Then we can just LBO those country’s assets and spin them off in IPOs led by Goldman, JPMorgan and Citi.
Screw those Euroweenies, here comes the US Dollar!
Wake me up when we get below the 600 day moving average.
isnt that 380 on SP !!! lol
I recall Fly saying he would keep buying GSVC even if it went to $12. Looks like he may be a man of his word.
Demand is suffering because the rich businessmen pay themselves too much, and pay their
American employees too little. They have destroyed the American middle class.
We need a 90% tax rate on the top 1%, and a minimum wage of $10 an hour. Henry Ford
knew this principle when he paid his worker $5 an hour in the 1930’s.
People (especially Ford workers) bought Fords by the gazillions because THEY COULD AFFORD THEM.
agreed, this is how I made my millions
The rich do not hoard cash. That would be detrimental to themselves and society because they would be holding an asset declining in value and extinguishing capital from the system (deflationary). They are smart enough to put it to work in assets. Corporate execs have deferred compensation in stock, money managers put their cash to work in American companies, and moguls corner their markets through investment. Enough with this bashing of the rich mentality, it’s ridiculous.
The only stupid thing in my opinion is the AMT which has not been indexed to inflation since 1969. This has the effect of increased taxation on the middle class without the equivalent on the top tax bracket. This should be reformed because all it’s doing is taking extra money out of the middle class’ pockets.
Riggedgame – I think you may be confused in more ways than one. In 1914 Henry Ford doubled the worker’s wages to $5 a day. This was in an effort to retain workers. Turnover was a huge problem due to work sucking so bad. Average factory wages around that time were less than half that. The model Ts were selling for $575 then. That was about the annual salary of a non-Ford factory worker. I am sure he sold a lot to Ford workers but most were sold to the public. In relative terms, cars are cheaper today – especially if you choose an economy base model (which btw is 1,000 more car than a model T).
They were able to sell millions by continually reducing the price of they car. It hit the market at $850 but near the end of its 19 year run was selling for $280. Improvements in the manufacturing process and not changing the car for 19 years helped. That wouldn’t fly today. You are comparing apples to oranges.
By 1935, average wages in the US had risen to roughly $6 a day (not hour). I bet Ford paid better, but not 8 times the average.
Your 90% tax rate idea is so absurd it doesn’t even warrant a comment.
Woodshedder’s analysis from last night was spot on. The hammer was a bull trap!
Woodshedder is feasting on Pulled Pork, Mustard Greens, and a six pack of Natty Boh as we speak.
Woodshedder is talking candlestick non sense. Who cares, we go higher from here and he’ll get put in the woodshed if he hold his short any longer
Volatility is a measure of the tendency of a substance to vaporize.
Increased volatility in markets vaporizes the inflationary stimulus allowing further QE.
I am not worried.. there will be an oversold rally… one of these days
I thought we had a rally intraday yesterday
OMG, WNR is horrible.
ur all scared men. Let me make one point freakn clear right now. Picture urself born every 50 years and u had a chance to work in wall street and speculate each time. Each time u worked u would realize how scared people always are and how they think the worst is going to happen at any moment. This is human nature because people are stupid. They have negative thoughts and always fail to realize that things are not negative until they are. Every one born experiences the panic on wall street and thinks the next one is around the corner. Wen a panic happens we will all know the reason and have plenty of time to act. Whether the market fakes us first or we have to short on the way down, we will all know. PERIOD!!!! Things are never a surprise. They are always obvious but ur all asleep and think too much even while ur asleep. NOW THAT IS SOME SHIT that you guys are talented at.
Panic of 1819
Panic of 1837
Panic of 1857
Panic of 1873
Panic of 1884
Panic of 1890
Panic of 1893
Panic of 1896
Panic of 1901
Panic of 1907
Panic of 1910-1911
The Great Depression
Crash of 1987
Metldown of 2008.
“we will all know? They happen pretty often throughout history and most people are never prepared for it.
how should we prepare?
I already have duct tape and bottled water.
wrong ! this is the second time the market shit all over itself within a less than 3 year time line. once bitten,twice shy. or the talking dumb ass heads wouldnt be talking about “sideline” money for the last 2 plus years……………………….hey ron paul here is some ‘shit” to ponder. we are in an employment vortex.i’ll try an explain. 50 million boomers start to retire now,fed gov doesnt have our money. so the plan? the plan is to fuck things up so bad,that you knock a good portion of the middle class from employment for a bunch of years so that the perpetual unemployed,10-12 years away from retirement,into subpar paying jobs. social security calculates on your 10 highest years of earnings.thus screwing people who used to make 50k a year,plus or minus from the calculations, and the payout to these very people will be “several”hundred dollars less every month .my group of boomers has just over a decade to go before we get anything.so now i’m eligble for 1400 a month on my calculations from ss, if i take a stockboy job for ten years i’l be lucky to get 800…………NOW THAT IS SOME SHIT.stupid people only see whats in front of them,or behind. and a visonary your not. they have been running diversionary till now they have run into a brick wall……now what…….cause a capped crusader aint happenin
Oh fucking please. The high since the 2009 lows was back in May at 1370. We’re at 1200. That’s a 12% decline. Sucks for sure, but it ain’t exactly end of the world type shit. Maybe it’s the start of the end of the world, but so far nothing that out of the ordinary.
We will all know the reason and have plenty of time to act? We all know ? How? When? Prove it, please.
Interesting how everyone is almost begging the Fed to bail them out once again. How many times are we going to do this? QE3? 4? 5? Printing money can’t be good. You might get yours today but damn if future generations are not going suffer for it. Stimulus? The economy clearly is not impressed. But hey, let’s try some more and see how deeper we can dig this motherfucking hole.
the euroweenies began buying up bonds yesterday (QEeing) market participants didnt seem to care too much for it.
who’s ready to load up on TMV calls again with me this eyar because we just don’t care anymore?
Looks like typical panic time.
I was about 45% equity, 55% “other” when the drop started from the years high.
Starting to pick, small nibbles, at selective names. 1% to 1 1/2% positions. At 60 years old and with a long run in the markets my gun slinging days are long gone.
Bought MDT today at 33.50
VMC on Tues. at 31.50
LOW at 21 on Monday.
Long term holds……..hopefully.
Looking at XOM but sub-70
Plus ORCL, PAYX, EXPD, SYK…………and a few more. All much lower.
Buffett’s favorite market valuation tool is total market cap divided by GDP. I track that metric and keep my Equity vs. “Other” ratios allocated accordingly. No emotion involved.
Good luck to all though, regardless of system or method.
WE’RE IN BEAR MARKET!!!!
Maybe you should just say, WIBM – since your grammar is horrible.
fuck WNRRRRRRRRRRR
and sleep better tonight…
Big waves at the beach today…ironic given the market.
The Sea was angry that day, my friends – like an old man trying to send soup back at a deli.
It’s not only about QE3, but WWIII as this morning there are red rivers of blood in Northern Syria while the West
won’t do a thing to help these protesters for now…
This one could be more dangerous than 2008. In ’08 the correction took everyone by surprise and we were able to pull out our machine guns and fend it off. This time the general populous already knows that we’ve exhausted all options and we’re out of ammo.
Nobody knows shit– that’s the problem. And we have no confidence in any kind of leadership.
You are correct. This is going down fast. By the time Mr. John Doe clicks into his 401k account at work and rebalances into bonds it’ll be too late because they only make changes after the bell…
not only after the bell.but when i dumped mine back in 07,they had me wait for a tuesday after the bell. talk about wtf
There is a limit to living on credit.
Ladies and Gentlemen
Buy Buy Buy into this close if we have learned anything look at the charts.
This is where we bounce from.
I just wired in money from savings.
Again, I can be wrong this can be idiotic and leave me broke or this severely undersold condition will pop.
Monsieur Le Fly, MD, PhD any insight?
Look at DECK getting butt raped.
you do know that for every point down,you need two up to get even.
LOL… what??
_______
Math major, eh?
we already have a double dip in housing, banks r now releasing houses they have been holdin on there books,,
home prices are back to mid 80’s prices.if they try and ram minimum wage for all down the throats of the middle class then home prices need to be where they were between early to late 60’s.pffft
It tough to trade on these days hard to go long and hard to go short for me at least.
One trading method that has always worked for me that I use to make steady gains in a normal market, or when I need it simply to use when I have no conviction in a shaky market.
disclaimer —This advice is not for Mr. Fly
Example:
a few figures for quick scalping I’m using if you can get it near there or to pick some up to hold overnight for a swing if one feels the overwhelming urge to fight the trend or attempt to play a quick bounce.
I usually use futures but I know most don’t actively trade futures here , to use say (SSO) or (SPY) would work but look to SP or SP minis for a reference of course
I’m using 1208 to cut losses on some I just picked up here , next important level for me longer term if 1208 don’t hold on are 1160 , 1120. I tend to sell half on any pop to cover or get above my stop loss price , so if I get stopped on the other half I break even or still walk away with a small profit at times,even when the overall trades go against me, the times it doesn’t work is when a big gap occurs or the price never bounces high enough for me the cover my stop price .
for example : I’m getting in the blood at starting at the 1214 level here i’m mostly tic trading quick ones for small gains or losses here 6 points away from my stop ,
usually I would set up the trade up(unless tic trading) looking to sell half at or slightly above 1226 to cover stop price(if it goes above 1226 I’ll raise my stop on half to 1226 and try to sell it higher or get stopped out that half for a profit either or, then look to sell the remaining half higher. Or I get stopped out that half at 1208, or dreadfully all at 1208 if no bounce occurs and take my loss whichever comes first. A print of 1207 I have to be out for this trade.
If it breaks 1208 that would be my daytrading/swing reference point I would go short below with a stop right above , look to cover half on any drop then trade the rest, or if it goes against me I would cover all at 1209 and go long with a 1208/1207 stop, back and forth (fast) till the trend moves away from that figure.
It can go either way all the time (shit happens in the world) but these types of risk managed trades always work well for me in any market with longs or shorts with or against the trend.
Say even if 50%(a poor number) of the overall complete trade only works out and I get to sell all my position in increments higher only half the time.
Then there is the other 50% where the complete trades doesn’t work
25% of this piece of the pie I get to sell half slightly higher so if I got stopped out the rest yes my overall trade failed but I walk away with a small profit still.
25% of the time I get stopped half and break even.
50% of this piece of the pie I get stopped out all and take a loss on the full position.
When applied correctly with tight levels for example only (trade) buy or short within .33-1% of your stop price(depending on time frame) when referring to the overall market as a main reference point when trading Snp Etf’s, Straight futures ,or a individual stock using the overall market levels for your trade.
If one is just trading a individual stock set your levels a % number close to those levels say 1- 3% or so , when it gets in that range buy or short and follow the same process , especially high beta more room is needed and for longer time frames
This is one of the successful method I learned and have been using for a while now to manage risk (especially when going against a trend for long or short positions)on these types of trades.
I use this method mostly for daytrading or tictrading with tighter levesl not all the time but when I need it , overall it’s boring but works. It also works well for me with swings or a combo of the two . A vast majority of the time I will daytrade this way and keep some for a swing only if I got to cover my stop price by successfully daytrading it. The times I was only swing trading I used this method at times and it was successful as well.
It boring but works when I need it to , I must rather freehand my trades more with wider spreads from buy short to cover stop points, but when I’m managing risk especially in shaky markets this has been one method that keeps me in the green even though it is not my preferred style of trading.
The “inflation” is working out well for me. No offense Senator Gint.
None taken.
I’m patient.
____
yesterday when we got the build in oil report, it was a signal we were fucked