Remember: Markets can remain irrational longer than you can remain solvent.
On average, expert trades got wiped out at least 2.5 times first (learn from their mistakes so you don’t have to)
Everybody should be learning how things move in a demo account during a time when VIX hit over 75.0. Its up to you what you want to do on Friday the 13th but anybody can try any strategy if they use small stop losses and they have calculated their risk/reward ratio prior to placing the trade.
There are massive opportunities to make big gains but only if your account doesn’t get wiped out first. 100% return on $0 is still $0. Rule of thumb is if you are attempting a new strategy we tell people to always practice new techniques in demo accounts. That is why people with real accounts also still use demo accounts to learn on.
Those trading US30 first need to learn about Repos. There is $1.5 Trillion (that is $1,500,000,000,000) being injected into the market within 48 hours by the Federal Reserve plus another $1 trillion per week this month. This must be balanced with lockdowns, travel bans, and quarantines being announced globally.
Anybody trading this week (and month) needs to understand we had the biggest one-day drop in the S&P500 since Oct 19, 1987. That means worse than any day in the tech bubble crash 2001 and the Financial Crisis I predicted before 2008.
We have unannounced stimulus, interest rate cuts, central bank moves, and government announcements including bigger lockdowns than after 9/11.
This will have violent impacts on all currencies, gold, and indices. DO NOT TRADE WITHOUT TIGHT STOP LOSSES no matter what you are trading and what direction (otherwise you are better off on the sidelines).
These are not typical markets and anybody that has been trading for less than 11 years is moving these markets in uncharted waters having never survived a crash. Strategies that may have worked last year, or month, do not apply right now but money management can be controlled.
U.S. will vote Friday for an economic stimulus package which both sides expected to approve. Look for stronger USD vs others.
European stock futures rising after worst ever drop in history of STOXX Europe 600 yesterday.
Australia and New York banned gatherings of 500+. Will this number shrink to eventually 1+ (forced to stay home?
Remember to use your stop losses and exercise caution in these rough waters uo to your risk tolerance.