GM your statement contradicts itself and you really need to learn Technical Analysis (TA) because SPY is currently under the 20, 50, 100 and 200 day SMA on hourly basis, and if it closes below 371 on the daily it will be be low the 20 and 50 day SMA, which means there is confirmation from Wed sell off that uptrend is being broken and likely next move is down. Whether that means we get a normal correction or the your so-called "big one" is yet to be seen.
David Frost at MyStrategicForecast on YouTube is a good one to follow and listen to. He generally does a daily (M-Th) video post every afternoon that is a wrap-up of the days market, mostly SPY. Lots of TA vids on YouTube and books you can read too.
Currently I am using TD Ameritrade, I was notified this morning that some restricted trade must go through a broker on the phone. You know that's a whole lot of bulshit.
I've been trading all day to minimize my losses. Could've done a little better if I'd been quicker to react to and more precisely, without staying a bit, to what Greg was letting us know. My own fault but all OK. Not to butt hurt about it. I use TD too and, yes, there was some hang ups at times, but NOTHING LIKE ON WED. All good, most things went through fine. TD does a good job off just letting us know what's up but they seem to manage it pretty well. Ya just gotta get in there and see what happens. Really not many problems with trading today. Although Wed was a bitch so I get ya. Hand in there, I am and I realized, especially like today how FAST things happen. It's my fault for not getting right on it and following what Greg does. I probably wouldn't have suffered but only half a percent loss instead of 1.55% loss if I wouldn't have been a little stubborn at first. I learned my lesson though for sure. Just PAY ATTN AND FOLLOW THROUGH WITH GREG AND WE'LL BE OK. Hope that helps.
Man, I'm getting the feeling this baby wants to tank. But then again..."tanking" is a relative term. The hard, fast falls I've seen the past couple of days darn near made me want to short this market with Puts. BUT I decided to just sit tight and see what happens. I bought a protective QQQ Put to cover my QQQ Call so I've stopped the hemorraging at least.
I expect what one brokerage can get away with, the rest are likely to do as well. E*TRADE looks like a good one to me, but I don't have it. If I get around to changing brokers, that's probably where I would go.
You're 100% right, what happens with one is happening everywhere from what I've seen this week. I think TD is pretty good about being straight and trying to work things out. Although Wednesday was definitely an exception but it was happening EVERYWHERE, literally.
GM your statement contradicts itself and you really need to learn Technical Analysis (TA) because SPY is currently under the 20, 50, 100 and 200 day SMA on hourly basis, and if it closes below 371 on the daily it will be be low the 20 and 50 day SMA, which means there is confirmation from Wed sell off that uptrend is being broken and likely next move is down. Whether that means we get a normal correction or the your so-called "big one" is yet to be seen.
How can i learn technical analysis? Really need to understand the market.
David Frost at MyStrategicForecast on YouTube is a good one to follow and listen to. He generally does a daily (M-Th) video post every afternoon that is a wrap-up of the days market, mostly SPY. Lots of TA vids on YouTube and books you can read too.
Thanks man, just needed pointing the right direction on where to start
Google it. Watch videos and read articles on the subject.
Currently I am using TD Ameritrade, I was notified this morning that some restricted trade must go through a broker on the phone. You know that's a whole lot of bulshit.
Yep, it's BS. I suppose that's so they can play mommy and try to talk you out of the trade.
I've been trading all day to minimize my losses. Could've done a little better if I'd been quicker to react to and more precisely, without staying a bit, to what Greg was letting us know. My own fault but all OK. Not to butt hurt about it. I use TD too and, yes, there was some hang ups at times, but NOTHING LIKE ON WED. All good, most things went through fine. TD does a good job off just letting us know what's up but they seem to manage it pretty well. Ya just gotta get in there and see what happens. Really not many problems with trading today. Although Wed was a bitch so I get ya. Hand in there, I am and I realized, especially like today how FAST things happen. It's my fault for not getting right on it and following what Greg does. I probably wouldn't have suffered but only half a percent loss instead of 1.55% loss if I wouldn't have been a little stubborn at first. I learned my lesson though for sure. Just PAY ATTN AND FOLLOW THROUGH WITH GREG AND WE'LL BE OK. Hope that helps.
Man, I'm getting the feeling this baby wants to tank. But then again..."tanking" is a relative term. The hard, fast falls I've seen the past couple of days darn near made me want to short this market with Puts. BUT I decided to just sit tight and see what happens. I bought a protective QQQ Put to cover my QQQ Call so I've stopped the hemorraging at least.
Let’s find a brokerage to migrate to
Agreed. And thank you..
This is a time when we need to find a brokerage that respects our rights and will not censor our trades. Anyone have any advice?
I expect what one brokerage can get away with, the rest are likely to do as well. E*TRADE looks like a good one to me, but I don't have it. If I get around to changing brokers, that's probably where I would go.
You're 100% right, what happens with one is happening everywhere from what I've seen this week. I think TD is pretty good about being straight and trying to work things out. Although Wednesday was definitely an exception but it was happening EVERYWHERE, literally.