As traders you have to take advantage of capitulation. We had lows in AAPL @ 92, TWTR @ 21, & big dividend names like $VZ down over 10%.
Even if only for a trade. The problem is most brokers were not working, I had trouble with two of my platforms this morning. I tried to get AAPL sub $95, but couldn’t get filled, and was deathly afraid to put in a market order. I did however, get TWTR in the 22s, lowing my basis.
Can we go lower from here? Absolutely. The day is long, and if you ever traded through this kind of environment, you understand that this selling event can last longer than you can stay solvent. Trade carefully, but be mindful of opportunity. The open was opportunity, even if only for a quick trade.
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Same problem for me, 1 broker I couldn’t even login to, another I couldn’t execute orders. Huge missed opportunity.
The market is rigged against day traders. But of course you all know that.
I put in a market order to buy DXJ at 9:32 in my long-term account (Vanguard). It filled around 9:50.
Excellent purchase.
But Vanguard is a dirty word on iBC. It connotes sane investment practices.
I put in a market order at baba 59 got filled at 60.52 sold at 65. I’m going to put in some gtc limits at crazy low prices on some names I hope to pick up. You like BZUN sub 5?
no. Stick with quality names here. No time for Chinese burritos
word
Blown away by the action this am. Couldn’t get shit filled. Was watching sector ETFs trade off by 30%? WTF
Yep, kicking myself for not chasing AAPL at this point.
The Fuckery – greatest band on the plant.
Where will they play next???