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Started By
Message
Stock trading halted
Posted on 3/9/20 at 8:35 am
Posted on 3/9/20 at 8:35 am
7 percent circuit breaker triggered.
3
Posted on 3/9/20 at 8:37 am to Desert King
Cool. Looks like a buying opportunity for some of you today.
I will continue my long term strategy of not reacting hastily to short term market volatility.
I will continue my long term strategy of not reacting hastily to short term market volatility.
This post was edited on 3/9/20 at 8:38 am
Posted on 3/9/20 at 8:37 am to Desert King
quote:
7 percent circuit breaker triggered
Can you explain to us who aren’t familiar with stock market terminology, what this means?
Posted on 3/9/20 at 8:38 am to dewster
quote:
I will continue my long term strategy
This.
Dollar cost averaging ftw.
Posted on 3/9/20 at 8:38 am to Revelator
7% circuit breaker tripped when S&P falls this far trading halted for 15 minutes
Posted on 3/9/20 at 8:39 am to Revelator
quote:
Can you explain to us who aren’t familiar with stock market terminology, what this means?
When the S&P 500 is trading down 7% for the day, trading is stopped for 15 minutes. There are further stops at -13% and -20%.
Posted on 3/9/20 at 8:39 am to Revelator
quote:rules are in place to prevent a full blown market crash; when the markets fall to a certain level in a short time period; trading is halted
Can you explain to us who aren’t familiar with stock market terminology, what this means?
Posted on 3/9/20 at 8:39 am to EthanL
Basically, it’s a fail safe to keep the market from cratering over panic. There are two more. One at 15% another at 20% I believe. Both last for 15 minute. After those two, nothing will stop it
Posted on 3/9/20 at 8:40 am to Revelator
quote:
Can you explain to us who aren’t familiar with stock market terminology, what this means?
They halt trading for 15 minutes when the market is expected to open to high volume and extreme volatility in reaction to some kind of news (bad or good). Sort of their way of saying "sit in the corner and cool down".
Posted on 3/9/20 at 8:41 am to EthanL
quote:
After those two, nothing will stop it
It shuts down for the day at -20%.
Posted on 3/9/20 at 8:42 am to EthanL
At 20 it close for the day.
Posted on 3/9/20 at 8:44 am to BgJag
Yep
Posted on 3/9/20 at 8:55 am to Revelator
This gives humans an opportunity to override computer trading.
The introduction of higher order human overview to override fast but thoughtless computer trading is believed to reduce volatility and potential disastrous crashes.
Basically is the fast reaction computer program crash in proportion to the real world cause.
Basically, will enough humans die to make my Wheaties worthless in reality.
The introduction of higher order human overview to override fast but thoughtless computer trading is believed to reduce volatility and potential disastrous crashes.
Basically is the fast reaction computer program crash in proportion to the real world cause.
Basically, will enough humans die to make my Wheaties worthless in reality.
Posted on 3/9/20 at 8:56 am to Desert King
Bill Maher gonna get the recession he's been cheering for?
Posted on 3/9/20 at 8:56 am to Gaspergou202
Starting a small rally now.
Posted on 3/9/20 at 8:57 am to Gaspergou202
The dumbass trader's algo's would trade it down to zero if they didn't override it.
Posted on 3/9/20 at 8:58 am to dewster
quote:
Looks like a buying opportunity for some of you today.
I’ve got a few grand put aside I’m gonna try to wait this out until I think it’s hit rock bottom and dump it in the market. Could make a nice quick buck in a couple months when the Dow jumps back up 7-9k points
Posted on 3/9/20 at 9:26 am to EthanL
quote:
Both last for 15 minute. After those two, nothing will stop it
Not true. Trading closes for the day at 20%.
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