I zeroed in on SPEX and put a buy order in on it over the weekend. I expected the market to tank today and it did. I was hoping SPEX was going to dip since it doubled on Friday. It didn't- it came out and tripled. I missed out on a home run. My instincts have been good but my timing and execution have sucked the last week. I still made money in trades but leaving a Lot on the table.
It seems that fear and greed are driving this market to extremes. Good dividend paying Blue Chips are dropping like rocks while companies with no income are going up 1,000% in a week. Crazy! [Reply]
I moved my money to safety probably 10 days ago or more and I had a bunch on the sideline anyway. I'm wanting to get back in but where's the bottom? Then I need a good seven or eight year run up to retirement. [Reply]
Originally Posted by Buehler445:
I’m not picking up what you’re throwing down here.
Trading was halted for 15 minutes to (ideally) slow down the selling. The first circuit breaker was tripped when the S&P 500 dropped 7% right after the open.
The next circuit breaker occurs if markets drop 13% (if I remember correctly); if markets drop 20% in a day, trading is suspended for the remainder of the day. Part of the reason for the circuit breakers is to prevent flash crashes from computerized algorithmic trading. [Reply]
Originally Posted by Fat Elvis:
Trading was halted for 15 minutes to (ideally) slow down the selling. The first circuit breaker was tripped when the S&P 500 dropped 7% right after the open.
The next circuit breaker occurs if markets drop 13% (if I remember correctly); if markets drop 20% in a day, trading is suspended for the remainder of the day. Part of the reason for the circuit breakers is to prevent flash crashes from computerized algorithmic trading.
Ah. On the commodities there are daily limits that double every day. Which sucks ASS if it is limited and you’re sitting on a position you really need out of. I’m sure this is no different. [Reply]
Originally Posted by philfree:
I moved my money to safety probably 10 days ago or more and I had a bunch on the sideline anyway. I'm wanting to get back in but where's the bottom? Then I need a good seven or eight year run up to retirement.
Where indeed. That's why timing the market is so difficult. [Reply]