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Started By
Message
9:03 AM
Posted on 2/28/20 at 9:04 am
Posted on 2/28/20 at 9:04 am
Stock market down 1000.
What the hell are these traders doing?
What the hell are these traders doing?
10
Posted on 2/28/20 at 9:05 am to BuckyCheese
Using the media to drive panic over Coronavirus to drive selloffs to make a killing by swooping in for the cheap buys.
ETA: Oh, and the short sellers are having a massive circle jerk right now too.
ETA: Oh, and the short sellers are having a massive circle jerk right now too.
This post was edited on 2/28/20 at 9:06 am
Posted on 2/28/20 at 9:06 am to BuckyCheese
Ahhh. It'll be OK.
This is a buying opportunity.
This is a buying opportunity.
Posted on 2/28/20 at 9:07 am to BuckyCheese
Wall St. has already sold. They are waiting patiently for main street to finish selling off, then they will buy back in.
Posted on 2/28/20 at 9:08 am to BuckyCheese
quote:
What the hell are these traders doing?
What traders?
They used to have 5 trading floors at the NYSE. They now have 1. It's almost all computer driven (with programmed trades based upon certain occurrences).
Pretty sure "coronavirus" "continues" and "spread" are in the current algorithm, which makes it easy for the media to trigger the selloffs.
This post was edited on 2/28/20 at 9:09 am
Posted on 2/28/20 at 9:11 am to BuckyCheese
quote:
What the hell are these traders doing?
Having coffee; the machines took over 4 days ago
Posted on 2/28/20 at 9:18 am to BuckyCheese
quote:Making a LOT of money since they make their money on trading volume.
What the hell are these traders doing?
Posted on 2/28/20 at 9:27 am to BuckyCheese
The stock market is the vehicle by which the patient extract wealth from the impatient.
Posted on 2/28/20 at 9:36 am to BuckyCheese
It's fine - the timing is actually pretty good for Trump's reelection this fall IMO.
We know the legit range is 29K and whenever things start resuming to normal we'll be on our way back up (guaranteed) without interruption.
We know the legit range is 29K and whenever things start resuming to normal we'll be on our way back up (guaranteed) without interruption.
This post was edited on 2/28/20 at 9:38 am
Posted on 2/28/20 at 10:03 am to BuckyCheese
quote:
BuckyCheese 9:03 AM Stock market down 1000.
What the hell are these traders doing?
One of two things is going to happen. The COVID19 panic runs it's course and over time life returns to normal, or we all gonna die. Now to answer your question about what are the traders doing? Some are legit preserving gains, some are adding to the panic, others are clueless but they all hope the average investor sells so they can buy on the crash.
Posted on 2/28/20 at 10:31 am to BuckyCheese
quote:
What the hell are these traders doing?
Filling stop loss and short calls.
So many people have their trading accounts on autopilot, it will take some time.
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