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looking for 2000 tomorrow...probable retest of the 1950 though, will buy more if so.

started buying...average 1955, stops at 1949

im guessing 1950 ish will be the low... probable bounce and then retest of 1950 during market hours tomorrow before turning up strongly is my guess.

I may have made an error...but i calculate that from 2009 to present date, they have broken even. I don't like comparing to the S&P500 (but since everyone else does...), trend following compared to the S&P500 has done very poorly.

lol

the time period is actually a red herring: what is important is the size of the moves that you need. If you can achieve big moves in a short time period (e.g. daytrading in 2008 or daytrading nasdaq stocks in the 1998-2000 era), then great because you can make money faster. However in 'normal'...

use a filter(s)

Day traders have to go through the process of trying and failing. How else are we gonna find the 1% of day traders who succeed? It's like a continuous process of elimination. "Many are called, but few are chosen" - Matthew 22:14

Yeah you either need to be more accurate with your trades i.e. better win rate or you need to improve your average profit/average loss ratio i.e. bigger winners and/or smaller losers. Try trading less, perhaps using a filter so that you become more discerning about which trades to take. Also...

fridays DON'T have shorter hrs and LESS volume than other days!!!

btw, how do fridays have short trading hrs and less volume than other days?

if all your fridays are losers, stop trading on fridays...simple.

bump...although unusual to have black monday in august....

My experience is that they would be interested. They luv stuff like this. Send off your resume to all the big hedge funds...some of them have intern programmes and graduate schemes.

well, eddie, it was just one day and 20 es points lost ain't a big deal. How was the rest of the month?

tbf, need a definition of short term and long term.

1. more commission in total, not per trade. in fact, per trade might be less due to volume discounts

might be the dumbest article ever. passive index investors are just lucky or unlucky depending.

Not far from a record high...

MrBrowser, he says that losing half your money is "useful". Presumably losing all your money is very "useful". What can you say to some one who says that?