Volatile market is best for day traders like @Jil 
If he didnât perform better than last year, his algo is shit.
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No doubt, I agree it is a shit only !
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@jil is an egoist. He calls his algo shit hot!
I feel like closing all position but Jim Cramer said BTFD. So I did absolutely nothing again.
While volatility is insane, it appears 286 is the bottom. We have huge swings that are higher highest and higher lows. Itâs forming an uptrend channel. We should be range bound until it breaks the channel. Granted, that could be in 5 minutes with this much volatility.
Zoom is crazy. It was down big AH on earnings but up big today.
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California made an emergency declaration to get max money from federal (8.6Bln) pre-empting others !
Market is pricing with volatility with down market !
FED is reducing rate, and willing to reduce rate further, entire US Congress+WH is ready to address the issues !
Warren buffet is buying (form 4 filed one company we do not know what else), Jim Cramer is telling everyone buyâŚYou see why WB keeps 128 bln, he will swallow good companies going down at this time!
Can not we make judgement with this? If you want to know what I did=> I bought more todayâŚ
I did absolutely nothing again
Drink lot of vitamin C ! At the end of the day, this virus is just like common flu, only if persons immune system is unable to withstand, people die. This is not deadly for healthy people.
BTW: I am not day trading, told many times, it is swing trading, buy at low, wait,waitâŚwaitâŚsell at top, it take days or weeks or months to sell.
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BRK/B crashed 4.4% today
Unfortunately, I am not that healthy.
Watch out for 2nd order effects: some funds could blow up big. Contagion, 2008 style.
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TrueâŚI bought some today ! Even if there is some dip Tomorrow and Monday, I will keep buying into marginâŚ
My guess 2008 is clear issue on real estate subprime. Current crisis may be by tariff, virus impact on China and supply chain.
Still anything can happen, but that should not deter us bottom fishing !
Run out of cash in my childrenâs account. Have enough in my account, bought during financial crisis.
Sound like Jim Cramer!
I am buying very limited stocks like BRK, BYND,BGS, but bulk of purchases under SPY, VOO etc. It is very difficult to focus on multiple stocks. I buy with margin account, but immediately release from margin within few days as I do not want issues on margin call due to volatility.
Any way, my algos wonât say anything daily, it will give during extreme ends like last friday.
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Accumulating VOO for my wifeâs account 
Other than the mad money account under my name, all accounts are buy n hold, mainly stocks like AAPL, VOO/VFIAX, BRK/B, and COST.
Canât day trade then.
Correct !
Previously, I used to find new stocks by research, but with this volatility many stocks are going in different direction, tough to keep up to date.
Decided to stay with SPY until all settles.
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Ditto. I independently came to the same conclusion today. Too much volatility for individual stocks and i was faring worse then VOO (and I was only buying 3 or so individual stocks). So I exited all my individual stocks and just focusing on buying / selling VOO till market gets some rationality
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What is the difference and pros/cons of SPY vs VOO? I understand VOO vs VFIAX.
SPY has slightly higher ER than VOO, but SPY trades higher volume than VOO.
For buy & hold stocks, VOO is better for lessor ER and better tax efficiency. VOO is not good for options as spread is wider and liquidity is low.
For options, SPY is better as spreads are less and liquidity is high with higher daily volume.
In short, buy VOO for stocks and SPY for options.
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There is another in this group. IVV Same ER as VOO. Any thought on IVV?
Corrected after first write: Both volume and asset under management (aum) are higher for IVV according to this:
IVV ER = 0.04%
VOO ER = 0.03%
SPY ER = 0.0945%
Almost all 3 are same level, we will not see major difference.
How do you feel about this (someone posted)?
Technical Update - Massive inverted H&S forming on the correction
The QQQ will have a massive breakout over the next couple of days. The correction since last last weekend has formed a large inverted head and shoulder pattern. We will likely retest the 217 resistance level tomorrow and breakout over the next couple of days to the 220-223 range.
The last minute breakout in the last 30 minutes have broken out of the falling wedge on the daily charts and further confirms the breakout thesis.
if you hold calls, look to exit around the 220-222 range over the next couple of trading days.
