It won't be soon, but in number of years, the public will see all the fuss of Coronavirus will be the biggest joke of markets yet. Most newspapers and television is owned by democrats and they generate fear to be bought up by general public. People's undue fears are generating this market action. We will always have a new outbreak of some type of flu outbreak every so many years. "More than 200,000 people are hospitalized each year in the United States for the flu illness and its complications and between 3,000 and 49,000 people die each year from the flu. The number of flu deaths every year varies." https://healthvigil.com/flu-season-deaths-us-worlswide/ If one already has complications do to age or lung conditions, or just plain take poor condition of self, one is leaning to not be on safe edge of overcoming any problems that arise. The worldwide economies just taking a break, as weather conditions allow us to venture to be outside more, less likelihood of passing around germs. "What's Your trading "edge"? Favorite strategy or pattern" Knowledge of market history, risk management/hedging, once you know well how to hedge, doesn't matter as much of where you get in, but more of ego boost of quietly challenging self of best entry. "Hedge open profits/and sell futures/hedged", concentrate on lowering drawdowns. Am mostly pattern trader, as I not going to be a fool and say more. Another inconsistency is term "Overbought/oversold", no such term in my book. Although very short the Indexes, would not be a buyer till 1700's, really doubting price goes that down on a medical occurrence that happens every decade.
When I say overbought/oversold I am speaking of the velocity of a move in the markets in a certain amount of time that creates means reversion levels, that get filled in most cases intraday (lately that hasn't been the case since such large moves / larger charts it takes them longer to get filled in some cases). So, I don't know if I am using incorrect terminology or maybe it isn't ACTUALLY overbought or oversold, that's just what I am using to describe something that is working for me. That's all I am saying. I understand your point about hedging, but you typically need a decent size bankroll to effectively trade that way and it also helps to have multiple sub accounts within your main account to assist with that. Most people on here don't have that and I certainly don't, so I am not trying to get exact or really good entries just to do it, I am doing it so I can make more money and have a higher probability of my trade working out. Out of necessity. Hopefully I've explained that at least decently.
Based on your idiotic thinking, the democrats must own the newspapers and televisions in china, Italy, South Korea and the whole world, and furthermore the people of the CDC and the world health organization must be all democratic! And some people still wonder why they have been called a "Basket of deplorables"
Great posts, traders! Agree re overbought, oversold are imprecise terms since different definitions. One pattern edge I used to minimize stops today in my UVXY VXX positions successfully is: When a overnight position gaps against you, don't stop out immediately.. what I did was wait, the gaps bounced up... I sold a bit, held the rest, rebought on the way up, then tightened stops just now 11:30am to lock in gains. A bit complex, but a useful edge, strategy I've used for years. If I'd just panicked out premkt or stopped out on the open, I would have had a $800 stop vs close to just $70 like today. Smart stop/risk mgmt is an edge that took many years to figure out
%% Good points Handle 1+200; not that Dems own all the newspapers/TV. CBN, LBN, AFA Radio +FOX are Christian............................................................... /conservative.Many in media, a s Dave Ramsey , on radio yesterday said they love to tell you when the markets are down, almost say much when its UP !! LOL;They are capitalist /common sense haters. My DOW indicator is still going up /SDOW/green LOL but with 4hours till close- i have NO idea if SDOW keeps ging UP?? ?? Some time the media hypes the uptrend, as if it was a virus LOL