Jump to content

hurricane florence


trade247

Recommended Posts

I guess this is a two part question

  1. is it ethical to discuss and talk about trading opportunities on the back of what could potentially be a destructive weather pattern?
  2. if you don't think its an issue ... what is your strategy? I put this in commodities because I see this are more a soft commods Q.

I don't know how I feel about this one. I feel almost bad typing it - but should I?

looking for open discussion on this one and very open to moral chat about it all. looking to be convinced either way.

Link to comment

Hmmm, good question @cryptotrader,  I'll just post mine now.

Maybe just look at the markets and take your que from the big boys.

'Terrorist Attack'  SELL SELL SELL. Unless you are happy to sit and hold an increasing loss, out of respect.

Traders don't make the good news or the bad, traders can only react whether that is to capitalise or protect the only thing they have, their assets.

Link to comment
Guest Bobby Axelrod

This whole concept about this is very similar to what axe cap was dealing with in the series billions. good show and its a hard one to think about. I often think what people say and think are different and this is one of those times. is there anything bad in trading on news? not so much I don't think but where does that end? trading over 9/11 for example? its an interesting one.

Link to comment

I think I have to be inclined to agree with you all on this one. If the news is there you can either trade it or not, but either way doesn't actually matter to the events directly or indirectly.

If you see an opportunity you have to take it and I don't see anything 'wrong' or immoral about taking the trade. I think it really depends on the frame of mind (for me personally anyway) sort of like ... imagine the storm is bad and you're making your trade decisions, you don't want to be thinking "I hope this is even MORE catastrophic to really hit the market" but rather you just trade on 'it is what it is - lets roll with it and get some trades on'.

nice insight thanks all.

Link to comment

Quite right @cryptotrader,  "If you see an opportunity"  ... it's your job to take it, and there will be plenty enough that you don't see. 

The other point you site is interesting as it is very like being emotionally attached or wedded to a trade which usually doesn't work out well either. Total emotional detachment is the optimum position when you have no control over events. 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      23,076
    • Total Posts
      95,532
    • Total Members
      43,696
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    jimipop
    Joined 04/10/23 17:01
  • Posts

    • Summary: Still expecting another low for indices, the current move up part of a corrective rally. Normally I look for indices lead from stocks, however some stocks are displaying strength and some weakness so this mix bag is showing up in the Nasdaq 100 pattern as a probable wave four triangle at the current low. Trading Strategies: Nil Video Chapters 00:00 SP 500 (SPX)  05:02 NASDAQ (NDX) 08:26 Russell 2000 (RUT) 10:43 DAX 40 (DAX) 16:07 FTSE 100 UKX (UK100) 22:15 ASX 200 (XJO) 38:47 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   Access Trial  
    • A lot of transformation is happening to BNB at the moment with the integration of bitcoin lightning network and Optimism especially with opBNB birth but that has not reflected in users confidence primarily because of the many negativities surrounding the platforms operations in North America and Australia. BGB on the other is gaining traction and value because a lot of investment is going into the development of the ecosystem recently with the injection of $100M and also improved partnership deals
    • I know we still have a lot to do to attract massive crypto adoption but steps like those taken by Binance and bitget in the wake of what happened to FTX is commendable in righting the wrongs of the lapses and loopholes that exist pre-FTX saga. But more still needs to be done to restore confidence to the level it was pre-2020 bear market like consistent regulatory framework and regular security updates by crypto platforms
×
×
  • Create New...
us