Thats unfortunate that the stock you chose to trade was the only one that went against your prediction. Hopefully it turns around. The market right now is baffling to me. I don't understand why the general trend is going up when half the world is either shut down or running at a reduced capacity. Unemployment is high across the globe. Why is there so much market confidence? Irrational markets I guess? I understand the trading aspect though. The volatility makes it a traders dream
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While I don’t fully understand how it works, I have read and heard several times that Fed has been pumping money(hundreds of billions) into the market through repo market and this has kept markets going so far.
Interesting. I'll have to read up on that some more. Thanks!