Was that pre planned? Or did you see this coming somehow?

I started planning in 2001 after the dot com bubble burst. I started reducing the portion remaining in equities back in October of 2018. My trigger was people taking credit for the market rise who had absolutely nothing to with the market going up. I knew for sure they would avoid responsibility like the plague when it started to go down.

 

Oh I see at least John stayed in.

Dow closed up today 1086 points, 4.99%, Nasdaq up 5.84%. Maybe the lack of 'action' by the administration settled some nerves, the holiday provided some time to think about things or the computerized trading settled. Who knows? Anyway, it's nice to see. Hopefully it will hold.

TSLA recovered their 8% Tuesday loss, recovering up 10.39%.

Climbing down off that ledge now.

 

Was I the only one stupid enough to stay in?

The worst Christmas Eve on record followed by the largest increase in 10 years. Not sure but I think the folks that are doing best in this market are the ones selling these:

https://violenceresponse.com/product/bulletproof-underwear-gabriel-down-under/

 

Dow closed up today 1086 points, 4.99%, Nasdaq up 5.84%. Maybe the lack of 'action' by the administration settled some nerves, the holiday provided some time to think about things or the computerized trading settled. Who knows? Anyway, it's nice to see. Hopefully it will hold.

TSLA recovered their 8% Tuesday loss, recovering up 10.39%.

Climbing down off that ledge now.

I would be happy if it climbs back to 26K or so and just holds for a while. Enough of these wild swings.

Of course I can hit on the mega millions and screw my investments.

 

Maybe we could just have a nice lamb market for a while.

 

I tried to catch the falling knife and missed it by a day. By that I mean that I bought back into AAPL as it fell past 154. I could have waited a day and got it for 147, so missing out on that was painful. But just one more (record) day and I'm back into the black at 157, so that's cool. If it rises back over 200 this coming year, it'll have all been worth it.

I should note that I only play around with timing on a small percentage of my portfolio. I don't recommend it.

 

Dow closed up today 1086 points, 4.99%, Nasdaq up 5.84%. Maybe the lack of 'action' by the administration settled some nerves, the holiday provided some time to think about things or the computerized trading settled. Who knows? Anyway, it's nice to see. Hopefully it will hold.

TSLA recovered their 8% Tuesday loss, recovering up 10.39%.

Climbing down off that ledge now.

It didn't last very long.

https://www.businessinsider.com/sto...flates-asia-europe-us-futures-decline-2018-12


They are blaming the surge on electronic trading. These huge swings are exactly the reason it should be banned. At the very least there should be a delay on automatic AI trades. Want to use it, you need to live with the delay.

While we are at it, ban hedge funds, derivatives and pretty much anyway the big boys can manipulate the market.

But sadly that will never happen as too many politicians have their hands in the same till.

 

It didn't last very long.

https://www.businessinsider.com/sto...flates-asia-europe-us-futures-decline-2018-12


They are blaming the surge on electronic trading. These huge swings are exactly the reason it should be banned. At the very least there should be a delay on automatic AI trades. Want to use it, you need to live with the delay.

While we are at it, ban hedge funds, derivatives and pretty much anyway the big boys can manipulate the market.

But sadly that will never happen as too many politicians have their hands in the same till.

I have a hard time blaming it on electronic trading when it doesn't even make the top-20 list of largest daily gains on a percentage basis (which is what matters -- point change is meaningless except in relation to the starting point) and given that the top four (and sixteen of the top twenty) took place more than eighty years ago. Thirteen of the top twenty daily declines also took place more than eighty years ago. Conversely, since unsupervised automated electronic trading software became available in 2008, only three each of those top-20 swings have occurred. So the stronger argument, based on the data, would be that electronic trading has reduced the volatility. What has stayed pretty steady and predicatable is that a large change in one direction is almost always followed by a large change in the other direction within a few days, often the very next day -- with or without electronic trading.

 

Whatever happened to market restrictions that would be triggered to slow free falls - are they still around? Rules like no selling on a down tick...all that good stuff.

 

Whatever happened to market restrictions that would be triggered to slow free falls - are they still around? Rules like no selling on a down tick...all that good stuff.

I know various firms have restrictions on various kinds of trades under various conditions. I don't know how many of them are voluntary and how many are mandated.

 

I know various firms have restrictions on various kinds of trades under various conditions. I don't know how many of them are voluntary and how many are mandated.

https://www.cnbc.com/2015/08/24/when-do-circuit-breakers-kick-in-cnbc-explains.html

Sounds like these have changed a whole lot since when I was paying attention to such matters.