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#16,680
#16,680
I also get triggered on days like today. Up significantly in the first hour of the trading day and have given more than 90% back. It might end up closing as a down day after starting way, way up. A lot of times it’s a complete reversal. Start 0.75% or 1% up and closing 0.75% or 1% down. I should go rake leaves instead of watching.
 
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#16,681
#16,681
Thunder Good-Oil said:
I also get triggered on days like today. Up significantly in the first hour of the trading day and have given more than 90% back. It might end up closing as a down day after starting way, way up. A lot of times it’s a complete reversal. Start 0.75% or 1% up and closing 0.75% or 1% down. I should go rake leaves instead of watching.
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Yes, I had to get away from that style of trading. felt useless at end of the day
 
#16,683
#16,683
Well, I’m back to only being off 50% of my early gains after giving back more than 90% less than 30 minutes ago. I think most are getting positioned before the holiday and will shut it down for the week pretty soon. Except for the trading bots.
 
#16,685
#16,685
Jax_Vol said:
Good! Yeah, that is more in line with what I'm doing.

Makes you sleep better at night!!!
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It wasn’t too many years ago that I sweated out frequent margin calls. I probably had a few hundred mostly in 2006 and during the Great Recession. Several more closer to the dot com bubble. I had to empty out bank accounts and was forced to liquidate shares many times.

It conditioned me to not worry about fluctuations. Now I keep the margin balance quite low and have cash on the side to pay down the balance if needed - but I don’t expect to ever have another margin call unless there’s a WW3, the US government is overthrown, and/or somebody starts tossing nukes around the planet. I guess defaulting in the ND would create chaos as well.
 
#16,686
#16,686
Thunder Good-Oil said:
It wasn’t too many years ago that I sweated out frequent margin calls. I probably had a few hundred mostly in 2006 and during the Great Recession. Several more closer to the dot com bubble. I had to empty out bank accounts and was forced to liquidate shares many times.

It conditioned me to not worry about fluctuations. Now I keep the margin balance quite low and have cash on the side to pay down the balance if needed - but I don’t expect to ever have another margin call unless there’s a WW3, the US government is overthrown, and/or somebody starts tossing nukes around the planet. I guess defaulting in the ND would create chaos as well.
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Glad some people seem to think the ND is a real problem that will likely get worse. I doubt any politicians will do anything about it though.
 
#16,687
#16,687
Go aeiou said:
Glad some people seem to think the ND is a real problem that will likely get worse. I doubt any politicians will do anything about it though.
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Imagine what would happen if we got back to Jimmy Carter era interest rates with $35 trillion debt on the government balance sheet.

At least it’s not as extreme when lining the ND up with the GNP/GDP. But we need at a minimum a debt freeze along with substantial economic growth.

Unfortunately most voters don’t know what the deficit or ND is. Many are only aware that they get a monthly check from the government without understanding how inflation wrecks those benefits.
 
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