/biz/ - Business & Finance

Ok wtf, I could have stayed up til after midnight taken profits of my shorts and just reshorted, but I wasn't awake, now we are down again. I now took some profits. I hope I don't regret it. But things like these, show what a botmarket this shit is.

Instant drop after EU midnight only to repump while nobody is really trading. EU is closed. US is closed. China wasn't open yet. At best Australia and Japan. But how does it work that they would theoretically risk to buy german stocks up so that the drop is negated etc.

Futures are such an abomination. I can understand the reasoning for futures on commodities like wheat etc.

But on indices, futures are nothing but an excuse to trade an asset that shouldn't be tradeable outside market hours, for the sake of making money 24/7