Hi all, I used very tight stop losses which means for example like today the min stop requirement moved from the standard 4 to 12 points. This basically prevents me trading while this is in place. It's a frustration but is it a bad thing? Perhaps I should take the view that the market is too volatile and just wait it out. Some would think though that this is the right time to be trading.
Answering my own question i was charting off a spot chart and interpreting that data onto a futures contract....major newbie mistake do not do what i did. First lesson for me is trade the charts i am using to inform my decision making. second lesson, do not use spot charts to trade futures- i feel like a right numpty.
“Thus he calculates – somewhat frighteningly – that we will have 50,000 new infections a day by mid-October and 200 deaths a day a couple of weeks later.
I think Covid 19 is about twice as infectious as influenza. But the interesting thing is that he estimates the IFR (infection fatality rate) at the low end of 0.4%.
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