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How many people have been wiped out by the recent market manipulation?


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1 hour ago, dmedin said:

Who else has been destroyed?  Any new traders?  Do you now see the impossibility of doing this for a 'living'?

Its been unfathomable ****.....to say the least....Genuine value utterly destroyed, all sense of value gone.......  Oil down 23% in one day !!!!!!    Cable down to a 35 year low.....I remember $1.14 when I was in the dealing room !!!! (in 1986).....I thought I was safe trading €£ but that shifted 3 % in a day  .  Everythiing was sold as traders had to liquidate to cover margin calls...Copper etc particularly but treasuries too.....78% for volatitity !!  

The difference between now and 1987 was that 1987 it was real traders....Yes with fear in the eyes but there was nt programme trading......There were queues for the FAX machine to put orders in to sell ( or buy)....

 

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18 minutes ago, cheviot said:

Its been unfathomable ****.....to say the least....Genuine value utterly destroyed, all sense of value gone.......  Oil down 23% in one day !!!!!!    Cable down to a 35 year low.....I remember $1.14 when I was in the dealing room !!!! (in 1986).....I thought I was safe trading €£ but that shifted 3 % in a day  .  Everythiing was sold as traders had to liquidate to cover margin calls...Copper etc particularly but treasuries too.....78% for volatitity !!  

The difference between now and 1987 was that 1987 it was real traders....Yes with fear in the eyes but there was nt programme trading......There were queues for the FAX machine to put orders in to sell ( or buy)....

 

 

If there's one thing the rich and powerful genuinely love it's their money.  Do you really think the elite would allow this to happen if there wasn't some kind of rationale or plan behind it?  It's completely out of all proportion to the virus b0llocks.

Trillions of fake dollars/euros have been created and pumped into the system ... who gets 'first dibs' on all this new money?  How long will it take to 'trickle down' to the 99.99%?  Generations to come will be up their eyeballs in debt ... perpetual slaves to the vampire class.

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First rule should be to preserve your trading capital so sitting on the sidelines during conditions of  extreme volatility is a valid trading strategy. When a short Wall St position had the stop loss hit a couple of weeks ago due to increased volatility it was time for me to sit, wait and observe until the next valid entry signal occurs.

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