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One thing you may learn is that stop-losses don’t protect from a gap down. Looks like -1% at the open (at the moment) so you may need to set the limit order below an opening price much different from where it closed yesterday.
I've never seen futures swing from -3% or thereabouts to +1% or thereabouts, all over the course of a weekend. We've still got about 15 hours to go until markets open. Stay tuned...
I agree that 1929 and 2008 were unique situations and that it is very unlikely that we'll see drops like those again. The historical setups were far different than now. However, it should also be noted that there are circumstances this time around that were not present in those cases, things...
Sure, a -15% correction is not wiping folks out. But the drop in 2008 was 50%. In 1929 the drop was something like 90%. The internet bust was uneven, if I recall, rather than a widespread drop (I could be wrong on that) and it was well over 15%.
I guess for me the issue is that such a large...
Though I was late to the PLUG party, my calls have returned a five bagger since July. I sold 20% today to completely de-risk. Free riding 80 calls. Thanks, Najeh! Yours should be at least 10x.
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