Stock market - how low will it go

[scooterscot]

Yorkshire has been in self-imposed lockdown since the dark ages.

[Hobosapien]

To really scare you - can you think of anyone better in politics to do the job?

At least we are in a better position than the US where the person leading believes pray will solve the issue - mind you pray is probably all most US citizens can afford to do.

Praying is part of mindfulness.

A mind full of claptrap.

[GhostofTarbera]

Dead cat bounce this morning

Heading south now


Sent from my iPhone using Contractor UK Forum

[scooterscot]

dead cat indeed

Price action rallied to be rejected off previous support. That means with a high degree of probability the index is falling to the next support level, 6000. Traders call this 'walking down the stairs'.

[wattaj]

Dead cat bounce this morning

Heading south now


Sent from my iPhone using Contractor UK Forum

Indeed.

Wiped out my bet at a stop (-£500). Recovered through the course of the morning to crystalised >£2k up. #winning. #just.

[GigiBronz]

Dead cat seems to have some life left in it...

[wattaj]

Indeed.

Wiped out my bet at a stop (-£500). Recovered through the course of the morning to crystalised >£2k up. #winning. #just.

Something. Pride. Fall. Something else...

[scooterscot]

Dead cat seems to have some life left in it...

It happens... a trend of lower highs is now easily observed, however. Day traders can make huge profits at times like this... but you need to be operating with a minimum of a £250k portfolio, have nerves of steel, and spend every waking minute starting at the screen. No thanks.

[wattaj]

...Day traders can make huge profits at times like this... but you need to be operating with a minimum of a £250k portfolio, have nerves of steel, and spend every waking minute starting at the screen. No thanks.

Or one could just play for fun and make a day rate before lunchtime*.









* If one ignores having been caught out by this morning's initial rally.

[ladymuck]

Or one could just play for fun and make a day rate before lunchtime*.









* If one ignores having been caught out by this morning's initial rally.

I once made a killing my accidentally putting a spread bet the wrong way on oil prices. Never managed to replicate that so I tend not to bother any more.