Trade - Trade.com

[Ishnnis]

What many people perceive as a danger, others consider to be an opportunity

 

[Nihuginn]

ahahah, yeap, that's true. I don't see much of the opportunities in regard of this situation with market manipulations. I don't want to join those Reddit groups to manipulate markets with them. I don't even think this is legal.

 

[Ishnnis]

Market manipulations have always been there. In the past whales (large players) only could manipulate the markets and price of the assets using their hedge funds and leverage, and near zero trading commissions.
Now technologies developed well enough to allow people from all over the world to coordinate their efforts and compete with whales. What's erlier been possible in crypto world only, today is possible to happen with some real stocks. Who said the practice is illegal? People only share their thoughts on the market and then... do the same thing at the same time.

 

[Hulas]

I don't have a firm opinion on the subject, but the practice does seem to be illegal. I wouldn't advice anyone to take part in pump and dumps.
On the other hand there really are some new opportunities getting opened on the market. Liquidity sqeezes - that's what happens from time to time with less liquid assets. One can monitor extreme price drops and build a great buy-only strategy. Brokers like trade.com that offer thousands of CFDs can come in handy in this situation.
There are some other opportunities as well. The most important question is IMO whether the market growth will stop in 2021 because of recession and COVID or keep rallying because of tons of services that allow retail traders invest small amounts with very little commission in stocks.

 

[Nihuginn]

I see. Ok, that does sound very persuasive. In the end we all regret things we didn't do rather than things we did lead my mistake. I'm in!

 

[Ishnnis]

Congratulations on making up your mind. This is the most difficult thing to do. Wish you all the best in your live trading!

 

[Blackkiller]

Looks this is not the best time to start a live trading account.

If there was a reason to stop oneself from trading on a live account, the timing wouldn't be the one I considered for myself lol

 

[Nihuginn]

Why so? Don't you see how the snp index is moving? This trend is totally insane and the situation with retail traders, reddit issues, covid-19 outcomes makes it even more dangerous to strat trading on the market this moment.
To tell the truth, I trade myself, ahahah, but you know, that all gets little worrying.

 

[Blackkiller]

I see a huge difference between trading and investing. You've opened CFD account with Trade.com recently, haven't you? Not an investing account, correct?
With active dayhtrading, the more things are going on on the market the better it gets for you, as you can do both, long and short trading.
I can't disagree, that the market is very stubborn in going up, and I can see that the new highs are being made with certain effort being applied, while the retracements are quite deep and fast. This is the first sign that the bulls are tired of pushing the price higher.
Yet, as I said, the timing has nothing to do with your ability to make money on the maret. Unless you plan to buy and hold.

 

[Landa]

You never know for sure when it comes to uptrend of the US stock market