The stock market and coronavirus

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David-Isaac
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#1
Report Thread starter 10 months ago
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Because of the covid-19 outbreak,stock prices have dramatically fallen. However, I do notice a pattern. Everyday, when the markets open, the price of a stock will vertically drop, then a few minutes later, it will peak and then continue falling. I attempted to take advantage of this today, but the markets opened earlier than expected. But the pattern that I predicted did happen.
So. could this be used as a short term strategy to make money?
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Da14a
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If you have enough trust in this trend you have analysed and you have some experience in day trading I would argue yes. However, nothing is ever guaranteed (unless you are pulling the strings (not even top analysts with connections are close to consistent)) and I would MUCH rather invest in more fixed, long term bonds and shares instead.
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Da14a
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(Original post by Da14a)
If you have enough trust in this trend you have analysed and you have some experience in day trading I would argue yes. However, nothing is ever guaranteed (unless you are pulling the strings (not even top analysts with connections are close to consistent)) and I would MUCH rather invest in more fixed, long term bonds and shares instead.
Forgive my ****ty grammar.
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Kutie Karen
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Stock market down again.
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Reality Check
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(Original post by David-Isaac)
Because of the covid-19 outbreak,stock prices have dramatically fallen. However, I do notice a pattern. Everyday, when the markets open, the price of a stock will vertically drop, then a few minutes later, it will peak and then continue falling. I attempted to take advantage of this today, but the markets opened earlier than expected. But the pattern that I predicted did happen.
So. could this be used as a short term strategy to make money?
Day traders don't make money. Fact.
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David-Isaac
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(Original post by Reality Check)
Day traders don't make money. Fact.
Wait, you're telling me that you can trade at night?!
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Quady
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Report 9 months ago
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(Original post by David-Isaac)
Because of the covid-19 outbreak,stock prices have dramatically fallen. However, I do notice a pattern. Everyday, when the markets open, the price of a stock will vertically drop, then a few minutes later, it will peak and then continue falling. I attempted to take advantage of this today, but the markets opened earlier than expected. But the pattern that I predicted did happen.
So. could this be used as a short term strategy to make money?
Didn't happen today....
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Da14a
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(Original post by David-Isaac)
Wait, you're telling me that you can trade at night?!
Sshhhh, don't let them know...
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Rakas21
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(Original post by David-Isaac)
Wait, you're telling me that you can trade at night?!
Futures market.
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Quady
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#10
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(Original post by David-Isaac)
Because of the covid-19 outbreak,stock prices have dramatically fallen. However, I do notice a pattern. Everyday, when the markets open, the price of a stock will vertically drop, then a few minutes later, it will peak and then continue falling. I attempted to take advantage of this today, but the markets opened earlier than expected. But the pattern that I predicted did happen.
So. could this be used as a short term strategy to make money?
Didnt happen today
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