Stock market collapse in November

[DimPrawn]

I guess if it was a coin-toss, no point in asking you if you bought/sold, stoploss, profit target, reason for trade, lol.

Eh? You speaka da English?

[SantaClaus]

For anyone who is short FTSE, I may close at a small 10 pip loss and re-enter later or tomorrow.

The market hasnt moved much this morning and we have a lot of volatile news out that could whipsaw price:

1:15pm USD ADP Non-Farm Employment Change
3:00pm USD ISM Non-Manufacturing PMI
7:15pm USD FOMC Statement

[DimPrawn]

What about the spread? How can you open and close these positions quickly without getting walloped by the spread?

[SantaClaus]

What about the spread? How can you open and close these positions quickly without getting walloped by the spread?

Spread is 2 points on IGIndex.

[DimPrawn]

Spread is 2 points on IGIndex.

I use IG Index to lose my money for me too.

[DimPrawn]

£700 down now.

Damn that 50p coin.

It's in the bin now.

[SantaClaus]

£700 down now.

Damn that 50p coin.

It's in the bin now.

Sounds like your trade should be in the bin too.
You have heard of a stoploss haven't you?

[DimPrawn]

Sounds like your trade should be in the bin too.
You have heard of a stoploss haven't you?

They are for wimps.

[SuperZ]

Sounds like your trade should be in the bin too.
You have heard of a stoploss haven't you?

Go on Dim, place a stoploss. As soon as you get Stopped Out, the market will head in the other direction, the way you wanted to go from the beginning.

[AlfredJPruffock]

The market giveth
The market taketh away