3 ms·

We knew the correction was coming, but I don't think anyone expected the 30% move in one day.

by pcurve 8mo ago

christkv 8mo ago
Big enough dip will cause algorithmic sell off I imagine deepening the dip.
WalterBright 8mo ago
[flagged]
- rolph 8mo ago
  maybe, but almost everyone will see the hot iron
geraldwhen 8mo ago
Probably the opposite. Corrections happen quickly and all at once, somewhat similar to growth. It would be more surprising if the 30% drop was spread out over a month.
- skippyboxedhero 8mo ago
  Correct, momentum acceleration is generally a mean reversion signal in futures, and can be effectively combined with momentum signals i.e. you go long when it goes up but when it starts going up a lot you reduce your position. And these signals are usually very compressed in time because acceleration is actually just an acceleration in the number of decisions being taken, which tends to blow off quite spectacularly. Something that has changed is the large retail participation, which is making the scale of these moves quite crazy. Will be interesting to see what happens next, as with crypto the scale of the wipe seems so large that it is hard to see how that participation continues. Healthy for markets but I am guessing this will conflict heavily with the politics.
delaminator 8mo ago
George Gammon did, 24 hours beforehand I cashed out :) https://www.youtube.com/watch?v=3k9UqNA2l_4 https://www.youtube.com/watch?v=3k9UqNA2l_4
fatherwavelet 8mo ago
Anyone with long experience trading commodities would have expected this. This is like the least surprising thing ever. It is amusing reading the comments on here. Silver dropped 50% in 1980. Silver is the original memecoin. I think people care less though about market events that happened before they were born. It is like the way I know the entire story of silver in 1980 even though I was a little kid but nothing about the Nifty Fifty a decade earlier. Nothing for me with commodities will ever top -$37 per barrel during Covid with oil. That was a level of market shell shock for me that I just can't imagine being topped.

We knew the correction was coming, but I don't think anyone expected the 30% move in one day.

by pcurve 8mo ago

We knew the correction was coming, but I don't think anyone expected the 30% move in one day.

christkv 8mo ago

Big enough dip will cause algorithmic sell off I imagine deepening the dip.

WalterBright 8mo ago

[flagged]

rolph 8mo ago
maybe, but almost everyone will see the hot iron

geraldwhen 8mo ago

Probably the opposite. Corrections happen quickly and all at once, somewhat similar to growth. It would be more surprising if the 30% drop was spread out over a month.

skippyboxedhero 8mo ago
Correct, momentum acceleration is generally a mean reversion signal in futures, and can be effectively combined with momentum signals i.e. you go long when it goes up but when it starts going up a lot you reduce your position. And these signals are usually very compressed in time because acceleration is actually just an acceleration in the number of decisions being taken, which tends to blow off quite spectacularly. Something that has changed is the large retail participation, which is making the scale of these moves quite crazy. Will be interesting to see what happens next, as with crypto the scale of the wipe seems so large that it is hard to see how that participation continues. Healthy for markets but I am guessing this will conflict heavily with the politics.

delaminator 8mo ago

George Gammon did, 24 hours beforehand I cashed out :) https://www.youtube.com/watch?v=3k9UqNA2l_4 https://www.youtube.com/watch?v=3k9UqNA2l_4

fatherwavelet 8mo ago

Anyone with long experience trading commodities would have expected this. This is like the least surprising thing ever. It is amusing reading the comments on here. Silver dropped 50% in 1980. Silver is the original memecoin. I think people care less though about market events that happened before they were born. It is like the way I know the entire story of silver in 1980 even though I was a little kid but nothing about the Nifty Fifty a decade earlier. Nothing for me with commodities will ever top -$37 per barrel during Covid with oil. That was a level of market shell shock for me that I just can't imagine being topped.