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08-23-2024, 04:32 PM | #14221 |
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Epic day today. I love days like today. It worked out well because I had a nearly unprecedented credit card bill this month, and I was still able to easily gain in net worth.
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08-24-2024, 04:02 PM | #14222 |
Fish are scared of me
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Oh Boy, these are going to be fun and Mike's excited!
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09-03-2024, 10:44 AM | #14223 |
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Lots of red today. What's happening?
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09-03-2024, 10:50 AM | #14224 |
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It seems like the market massively overreacts to every bit of news that points toward a slowdown.
I saw an article today where some random investment banker said, "This is a data-driven market right now," and I agree. Every day produces some random report that's a small part of the big picture, and every day the market acts like that random report is a revelation of the future.
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09-03-2024, 12:57 PM | #14225 | |
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09-03-2024, 06:47 PM | #14226 |
Fish are scared of me
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September is notoriously a bad month in the stock market for whatever reason.
Cash rules right now to buy those dips. ZIVB and SVOL for the dividend plays look good |
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09-03-2024, 08:48 PM | #14227 |
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Recession fears, rate cuts coming and job data that seems non-believable. When NVDA get crushed, so do other stocks/indexes.
Could see an actual needed correction this month.
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09-03-2024, 09:01 PM | #14228 | |
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How much of that reaction comes from the algorithms? I'm no expert but at this point I think the algorithms start the big selloffs. They'll pick up a headline and boom!
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09-03-2024, 09:36 PM | #14229 |
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That's my theory, too. I think a lot of it is automated.
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09-04-2024, 05:21 AM | #14230 | |
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Even in the old world of brokers, you could put on stops, and a little price movement triggers your stops, then the next guys and the next guys, and a small movement gets exacerbated. Old futures traders still talk about "running stops". I think "trading algorithms" that move any volume have gotten more refined. But I could be wrong there. |
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09-04-2024, 06:46 PM | #14231 | ||
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