I'm going to say this one last time.
This is not a flash crash. Go look at how much the market sold off on Black Monday. If this were that, we'd be down MUCH MUCH more.
We are likely in the very beginning of a change of dynamic. A period that will have violent moves in both directions. If you are buying equities, you might be providing liquidity to sellers and margin calls.
Every bounce from this point should be treated as corrective, meaning a retracement of a previous down move. If you are anything but short term trading playing a bounce, you are risking a lot. Please use stops. But understand, we are in a massive short gamma regime with volatility that hasnt been seen since 2020. Bid and ask spreads when you try to sell could be very wide and your stops might not trigger at the level you think they will. This goes for today and the short term moving forward.
In times like this, you do not want to be in the large crowd rushing through a small door.
Please be careful.
All of that said, there WILL be bounces. If not, you will start to see Black Monday type selling. And we haven't seen that yet, even with how crazy last night and this morning has been.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)