all i have to say is this will teach anyone that doesn't have a stop loss on... wow...crazy crazy crazy .. actually glad i was out (yes left big money on the table but i don't like to play when it is that volatile.)
very true. 3rd largest SPX drop in history. I mean 100+ ES points in a single day.
Just imagine some of the big players who get margin called and had big stops hit on the way down. If there was ever a way to get rid of any long stops ... well this was it.
all i have to say is this will teach anyone that doesn't have a stop loss on... wow...crazy crazy crazy .. actually glad i was out (yes left big money on the table but i don't like to play when it is that volatile.)
ReplyDelete-Kat
very true. 3rd largest SPX drop in history. I mean 100+ ES points in a single day.
ReplyDeleteJust imagine some of the big players who get margin called and had big stops hit on the way down. If there was ever a way to get rid of any long stops ... well this was it.
"The Dow ended down about 350 points, or 3 percent, after being down as much as 998.50 earlier, the Dow's biggest intraday drop on record."
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