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Well, they do say the failure rate of traders are around 90 % and I believe that to be true. Yet everyone entering this business think they will be the expectation. As a successful day trader your one-week returns can match the yearly returns of a value investor. Of course, most don't achieve...

FWIW - my comments (usually always) relate to the RTH session. I think a test of last Week's Low in some kind of form should be expected in RTH this week, but that could easily be a higher low and not necessarily a break. Markets are volatile ATM, so it's easy to think we're going up following a...

I'm doing some homework now for the week ahead. I'm not going to attempt predicting the week ahead. Way too many possibilities. Some thoughts, though... 1. It seems like 'everyone' is bearish now and anticipates continued selling and even a crash. From my point of view, looking at similar...

The last time S&P printed a similar week to last week it was the start of a 10 % correction. Low 3300 definitely seems like a possibility from here. That's approx. 15 % down top to bottom. We left behind quite a bit of air below on this rally, so I don't see why not.

A Norwegian trader to be accurate.

4) Tik Tok traders 5) Overhearing refugees talk about the stock market 6) @Buy1Sell2 have a short bias for the first time in forever? 7) A market which is divorced from fundamentals and the economy 8) Seasonality favours a down move in March The signs are there. :) Should be an...

Update for week 4: 8,25; 9,75;-36,50;+ 18,25;-19,75 => -20,00 points for the week. YTD: + 2,75 points. So far this year, 19 trading days, we have 11 gaps up and 8 gaps down.

That's interesting. With NT8 (which I've had various complains about) I never had any issues during these highly volatile periods.

Sounds good. I (day) trade index futures, so just slowly learning options to increase my knowledge base and market understanding.

Is Hull the natural book to continue with after Options as a Strategic Investment? I'm halfway through that one now and found it enjoyable so far, but my progress came to a halt post-holiday.

Yes. For example, a large part of my own trading system is built on a statistical model which is based on historical price data and not charts. This is vastly different than 'price action trading', but since I use historical data as input I would still call it technical analysis. Note: I'm not...

Would normally expect to see 3780 and possibly more from here, but currently volatile markets and last trading day of the month, so you never know, do you? Dug myself into a hole early this morning, so just happy to end the day and week green. Good luck all. Especially Girija. :)

Dead wrong. Let's see if the Week Low @ 3723,25 can stop this. I don't have the guts to short this as I still have that long bias.

Maybe a gap fill @ 3749 first. Maybe.

I'm leaning towards the long side myself, so will feel confident if I get a good buy signal on my charts. Trading/dropping much below 3760 is less probable, IMO, but of course a real possibility. Good luck all.

Allright. That was a great trade initially, then. Let's see where this goes...

How much was your unrealized P&L on the overnight low @ 21,50? If you get out of this "alive", I think you should consider yourself very lucky and promise yourself to never do something like this ever again. Averaging down works until it doesn't and you're essentially setting yourself up for...

Ouch. Not sure if you want advice or just wanted to vent? What's your plan?

I'm seeing some parallels to the story of Navinder Sarao here who was evicted for market manipulation and spoofing. Seems like it's only a problem if a private individual does it. Less so if it's an institution.

Well, nothing works all the time. In the end it's just probabilities. I have no skills in such long term forecasts, so I'm just following along. :) So far, this drop just took care of some air below, so it's not easy to say if this was it or if there's more to come. My view is that the...