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I'm still not Live pal.....Tested my fear again last month and lost £60 over 20 trades.  Small £2 or so losses throughout the day.  I knew i still had the Fear so needed a Live test on it.  Yep, still very much there even for £2!

Though I've no doubt the Breakout Out strategy works, I'm not sure I'm cut out for this after all.    I simply can't handle a Loss! 😮


We'll know by the end of the year.

 

Edited by nit2wynit
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Looking at the current bounce of the Dow, I suspect this is not the bounce to 30000+.  Panic was created to go to only ~24600 this time. At what level will people start to lose hope and willingly take a big loss on their long positions? Close to my proposed number or even lower. But that would only stay very short term for the real direction of the Dow longer term is up.

The coronavirus  created a panic affecting all the GDP figures to be released later.  Let's see if that would be the time to justify the big drop once again.

 In the meantime, I keep my medium term short positions and day trade the volatility.

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11 minutes ago, HPbrand said:

Looking at the current bounce of the Dow, I suspect this is not the bounce to 30000+.  Panic was created to go to only ~24600 this time. At what level will people start to lose hope and willingly take a big loss on their long positions? Close to my proposed number or even lower. But that would only stay very short term for the real direction of the Dow longer term is up.

The coronavirus  created a panic affecting all the GDP figures to be released later.  Let's see if that would be the time to justify the big drop once again.

 In the meantime, I keep my medium term short positions and day trade the volatility.

 

You can look at the Fed's emergency decision as an admission of weakness ... people are seeing that this whole thing is a house of cards ... six months of hard work wiped up in a few days ... and the virus isn't even the real reason ...

Edited by dmedin
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21 minutes ago, dmedin said:

This is going to put a big spotlight on zero hour contracts and jobs where you have 10 contracted hours but do a LOT of regular overtime.

As business takes a hit, those hours are going to disappear, and sick pay? Not happening.

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