posted on Mar, 1 2020 @ 07:02 AM
a reply to:
Generation9
The biggest traders/brokers are in control here. Maybe they read my thread? I don't know.
Those following your advise have made enough to upgrade their lifestyle.
Perhaps the new Porsche Carrera in gentian blue?
The 8-speed Porsche Doppelkupplung (PDK) transmission is slower in 8th gear than 6th for better fuel mileage.
If you are going to do much day trading I would also recommend the ceramic brake package.
What we don't know is how much leverage and margin was used to achieve the recent market top.
I asked around, and while we shop for a new Porsche, many on their brokers advise have lost about 15 percent of their life savings and may be stuck
holding the bag. Some did manage to sell but those investors may be waiting for the market to fully deleverage before reentering.
Your 5000 shares of SDOW fell back from ~$55 a share to $51 but since you bought it at $35 a share you won't get a margin call. People that bought
FAS shares at over $100 a share and didn't sell last Monday probably walked away and still owe $30,000.
The brokerages liquidating those peoples assets may not be able to collect from them and will have to liquidate corporate holdings to cover the loss.
This all takes time though and those that are following your trading advice might try to "jump in and out like a pro" rather than just hold the SDOW
till the recession, that is why I ask.