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Options360
Mar 29, 2021 12:49 PM

Discovery gets caught up in $20B margin call Long

Description

Bill Hwang, Archegos Capital Management, is at the center of one of the greatest margin calls of all time. Nomura, Credit Suisse, Morgan Stanley & Goldman Sachs forced sales of more than $20 billion of stocks on Friday 3/26, including BIDU, GSX, FTCH, DISCA, VIPS, TME, SPOT, TCTZF, VIAC, IQ, BILI, CICHF, BACHF. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. This is for educational and entertainment purposes only. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tradingview.com/u/growerik/
Comments
thriftyRice40286
For the non initiated, does it mean it's a good opportunity to buy these stocks?
Options360
@thriftyRice40286, it could be a terrible idea or an awesome idea. lol. I'm just thinking about a possible call calendar spread. Don't do anything without your own research and remember your risk is yours.
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