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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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To donate via Stripe, click here.
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Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
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I never understood how after hours trading works.
That is when your money becomes their money.
Never a chart reader-nor a tarot card reader-I can only guess it shows that THEY work behind the scenes to rig the system to their benefit. There’s a fucking surprise.
I can tell the first high came after a wild ride concerning the dot com crash
about 2001. Then the green line backs down a bit before climbing once more.
Bam. The world coming to an end for the “too big to fail” bunch. We need
tax payer money about 2008. Give us TARP. Then pulls back. Later a climb
to new lofty heights.
The chart is buy-and-hold versus day-trading (have all cash outside market hours). That’s all the chart is.
You can go to somewhere such as finance.yahoo.com to make the chart yourself. Spy = SPDR S&P 500 ETF
It’s not clear to me how they obtained the daytrading graph. How would they know what the intraday activity was actually done? I guess they figured open to close prices or something.
The big jumps typically do occur outside trading hours – so the graph is not surprising.
You just take the closing price minus the opening price and subtract that from the closing price minus the previous closing price.
No the “previous closing price” has nothing to do with intraday volatility.
The bottom graph is simply daily close/open. So it is saying that, intraday, closes have fallen below opens. But of course no one buys on the open and sells on the close. So the red graph isn’t very meaningful.
The green graph, on the other hand, is what you’d expect from a buy and hold of that ETF.
EDIT: Or maybe it is a graph of the intraday high/low. I seriously doubt it though. The intraday volatility would have to be greater than what is shown there.
EDIT: Duh, it just occurred to me that this is the S&P 500 ETF itself! Its beta would, by definition, be 1.0. The green graph must be close/open. The intraday volatility is 1.0, of course, but its interday returns have risen as you see.
So the market declines intraday but jumps interday. Seems about right. Announcements are usually done outside market hours. That, of course, is ALSO the time when crappy stocks get removed and good stocks get added to the S&P 500!
Happened again last night. Futures surged over 100 points.
Jim, you’re an accountant, know your stuff, interpret facts well, and can spot BS easily.
By my reckoning, you and Av are working stiffs in the middle class, with college age kids, and you own a house.
In this shell game of an economy, we read about the mucked up policies that are bleeding us dry, but I’ve not seen or read what strategies you are using to try and survive or thrive to protect your team while facing an uncertain future.
Without getting personal with private details,
Care to share with the monkeys round here how your navigating this shitstorm?
Other strategies by wise friends are valuable insight to consider, IMHO.
If unwilling to state on a public forum, I understand.
Privacy still is respected by some.
& Thx. in advance, if revealed.
Well if you followed my gab you’d see that even better returns are possible. My indicator has captured almost all of the gains of this entire bull market, while only being invested about 10% of the time, and avoiding every major selloff.
Well done! I was a very active intraday trader during the 90s, but decided I had adequate capital to call it a day in ´98 (age 52) and did so. A temptation to return in ´02 was quickly quashed by the realization that spread-digitalization and smaller order flow had put an end to my small-time style of trading. This old dog couldn’t learn the new tricks and has come to learn that less often is more and the life that goes with that realization has made me happier than more money would have. As my 73rd birthday draws near, life has never been happier. Enjoy your gains (doff of the hat) and use them to maximize happiness.
Once you realize and internalize the idea that less is more, you can apply for your ‘Give a Shit’ diploma.
Just people gathering coconuts. – Doc Pangloss
Just people jockeying for position. – Doc Pangloss