Coronavirus outbreak - markets

Kingace posted:

Freddy123 posted:
I think we all will die from it.

HAHAHA.....In that case, i am better off withdrawing my capital and going on an expensive vacation in South Africa...Maybe that's exactly what i will do

Get money and go to some deserted island,
you dont die from Coronavirus but from one of many other reasons :)

Corona virus is serious stuff. Estimates are that 50% of the world population will get it and 2% will die. That is 70 million people.

10% of people who get the virus are expected to need hospitalisation. That is 350 million people, Do you think the worlds health systems care can handle that?

The virus and governments reaction to contain it will cause huge economic disruption which will tip US and Europe in to recession. The economic situation then spirals downwards...…welcome to the next downturn

togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...

It's one thing after another, Brexit, trade war, Iran, Corona Virus. I'd love to know what it was like to trade in stable market conditions!

Stable markets are boring. No volatility. Markets need a little excitement to get them moving

Markets are crashing.
The CME has halted pricing as U.S. markets fall
Hello ,
 
Pricing on U.S. indices has been disabled by exchanges following a significant plunge. It is expected to be a temporary issue, however, this means the total market impact won’t be clear until pricing resumes. As there is no price to fill positions at, open trades cannot be closed, and new ones cannot be opened.
What happened?
Earlier today, exchange circuit breakers were triggered after a 5% drop in U.S. stocks — the maximum markets can fall overnight. Saudi Arabia has waged an oil price war against Russia, resulting in the worst trading day for oil in almost 30 years.
 
How long will this last, and what happens next?
It is unclear, but we expect a resolution from exchanges throughout the course of the day. When pricing resumes, orders will be filled at those current market prices.
Will this be a once-off?
Pricing may come and go until the market normalizes.

Dear Trader,
The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
 
What should you do?
IC Markets urges its clients to take precautionary measures in relation to
This includes:
Assessing and reducing risk exposures;
 
Setting stop levels;
 
Monitor your positions closely.
Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.

togr posted:
Dear Trader,
The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
 
What should you do?
IC Markets urges its clients to take precautionary measures in relation to
This includes:
Assessing and reducing risk exposures;
 
Setting stop levels;
 
Monitor your positions closely.
Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.

Stay glued to your systems, as you know, there is no holy grail, there are bad times as well as good times, just continue to grind and set your eyes at the ultimate price, i wish you good luck.

Kingace posted:

togr posted:
Dear Trader,
The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
 
What should you do?
IC Markets urges its clients to take precautionary measures in relation to
This includes:
Assessing and reducing risk exposures;
 
Setting stop levels;
 
Monitor your positions closely.
Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.

Stay glued to your systems, as you know, there is no holy grail, there are bad times as well as good times, just continue to grind and set your eyes at the ultimate price, i wish you good luck.

That is not the way I work.
If the risk is too high it is better to avoid trading.

Markets have been dead for months with rubbish price movements, now we have bit moves every day. This is the time to make some big gains. yes we must be cautious but there are good price moves to be taken advantage of

swimmable posted:
Markets have been dead for months with rubbish price movements, now we have bit moves every day. This is the time to make some big gains. yes we must be cautious but there are good price moves to be taken advantage of

I TOTALLY AGREE

Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

That's why there's provisions for Stop Loss and Trailing Stop

Kingace posted:

togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

That's why there's provisions for Stop Loss and Trailing Stop

You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet

togr posted:

Kingace posted:

togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

That's why there's provisions for Stop Loss and Trailing Stop

You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet

A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker

Kingace posted:

togr posted:

Kingace posted:

togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

That's why there's provisions for Stop Loss and Trailing Stop

You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet

A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker

There are events like this when your SL does mean nothing
The dramatic surge in the Swiss franc in 2015 was due primarily to one key event early in the year. On January 15, the Swiss National Bank (SNB) unexpectedly removed the peg of 1.20 francs per euro. In the initial reaction to the news, the Swiss franc rallied a massive 30% versus the euro and 25% against the US dollar. The move caused major upheaval in the markets and even forced some foreign exchange brokers out of business.

Kingace posted:

togr posted:

Kingace posted:

togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

That's why there's provisions for Stop Loss and Trailing Stop

You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet

A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker

In a sudden move the price jump across your stop loss, the stop loss gets triggered but when it closes all position, the price is already moved far away from the level you set before. Also to stop loss you need people who are willing to trade against you at your SL price. Event such as Swiss franc in 2015 will blow up your account no matter you have stop loss or not. Because nobody is trading against your stop loss.

rabbithoe posted:

Kingace posted:

togr posted:

Kingace posted:

togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

That's why there's provisions for Stop Loss and Trailing Stop

You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet

A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker

In a sudden move the price jump across your stop loss, the stop loss gets triggered but when it closes all position, the price is already moved far away from the level you set before. Also to stop loss you need people who are willing to trade against you at your SL price. Event such as Swiss franc in 2015 will blow up your account no matter you have stop loss or not. Because nobody is trading against your stop loss.

I was in front of my PC that day - Swiss franc in 2015
SL were not executed, trades were not closed as there were not simply enough liquidity
Fortunately with proper money mgmt I got some DD but not wiped account

So SL is not enough sometimes, and Corona time could be that sometime

What happens if your stop is jumped and technically your losses are more than is in your trading account? Would broker really go after the rest of the money?

daviegpt posted:

giannis posted:
I LOVE these events

Yeah gonna be fun spending all that demo $$ at the shops...

I use Demo accounts to open my original trades with my SL and TP.
Then i use copy trading to copy my transactions to my live accounts (without copying SL and TP).
I do that because i do not want the brokers to see my TP and SL ,
so they cannot close them with a spike.
Finally i split my money to different brokers , because all brokers are market makers,
so i can be 'under the radar' . I keep 500$ max to each broker.