Dows Crash 2016

This is a discussion on Dows Crash 2016 within the Indices forums, part of the Markets category; Originally Posted by Oscar Reed Does the wife know you trading? She will when the credit card bill comes in....

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Old Jul 13, 2016, 7:59pm   #25
 
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Originally Posted by Oscar Reed View Post
Does the wife know you trading?
She will when the credit card bill comes in.
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Old Jul 13, 2016, 10:15pm   #26
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Don't care if Dow hits 15,000 - I've got a spreadbetting account too. I never leave open positions without a stop. Dow can hit 10k for all I care. And i am happy to believe you shop at Harrod's.

But what might be interesting is your analysis - what says to you we're due such a large correction? What says 15k is the bottom? What does your analysis suggest will the Dow do after it hits 15k?
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Old Jul 14, 2016, 8:17am   #27
 
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Down 1,000 points now.
Cardinal trading sin 1 and 2, not cutting losers and averaging down.
Soon you will have to shop at Sellfridges not Harrods.
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Old Jul 14, 2016, 8:38am   #28
 
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Those overnight charges from the SB must be killing your position.

Phone rings :
Trick question, postie? There are no overnight charges on the short side atm, he seems to have some though
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Old Jul 14, 2016, 6:48pm   #29
 
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Trick question, postie? There are no overnight charges on the short side atm, he seems to have some though
AFAIK spreadbet companies like IG still charge some sort of fee on index shorts (maybe not as much as for a long position) :/
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Old Jul 14, 2016, 8:14pm   #30
 
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AFAIK spreadbet companies like IG still charge some sort of fee on index shorts (maybe not as much as for a long position) :/
If your holding short and a dividend is payed the SB's take that number of points off your position. It stops people shorting the night before a dividend is payed trying to profit from the fall in the index.
Theres been a lot of dividend payments and overnight roll fees since may!

Looks like the dow is setting up for another close on the ALL TIME HIGH and expect ANOTHER 100 point gap up open tomorrow.

Anyone nervous yet?
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Old Jul 14, 2016, 8:20pm   #31
 
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Well your 850 points underwater since you posted on May 24th so I hope you've got deep pockets.
Over 1000 points now. Just sayin'.
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Old Jul 14, 2016, 8:41pm   #32
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Come back "The Chuckle Brothers"...............
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