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It's fun to seem dumber than you are in ET. Merry Xmas.

Some traders may even choose to trade nothing but "chop" and stay out when it begins to trend. Food for thought or drunk in Xmas? :D

In the end is about detecting if the market is trending or trend-less, as one requires one set of tools and the other a completely different one, should you choose to dabble with it....staying out is also a position.

Let it do a Vic's 1-2-3 1st, then you can short it with a much smaller risk. Current stop is too big.

Hello Daring, jack hershey has just replied to a thread you have subscribed to entitled - How to Avoid Getting Whipsawed in Chop? - in the Trade Management forum of Elite Trader's message board. Yet I don't see his message, PRAISE IGNORE! Now please don't quote him!

I would buy it around 87.

It's going to be a pretty dangerous last week of the year for swing trading with overnight volatility and the typical low volume of these dates. Another thing that comes to mind is that due to the uncertainty of the taxes for next year our government put a damp on one of the most bullish...

Because death by a thousand stops could be very ugly.

Might be due to my style. I use a combo of simple TA, buy low sell high, average down, and get out when wrong, especially, reversing. I don't have a problem reading an uptrend or a downtrend but chop I do, so basically formulated a style that will defend myself against chop by ways of...

Agree in all accounts, been reading your messages so yes, good description.

Actually you do that a lot :)

Well the truth is that usually stops are hit at the least favorable times (during vertical oversold/overbought conditions). Realizing one is wrong but waiting for the retrace to reduce the loss in a market that is constantly plotting gyrations is a probable good exit strategy when wrong...

Lot of bearishness is piling up..... If i get that bull signal will take it with both hands.

I think he meant no fixed stop loss. As in watches the market when he feels hes wrong, he closes the position, instead of letting the market close it for him.

What spiderman said... +1

Do you have a family ? Small children ? Things like that tend to occupy your hands during, before or after the Holidays. Best wishes for you as well, especially on your health.

You are assuming he even had a position.

It can be done occasionally but not regularly otherwise the list of Soros, Rogers, Buffett, and all the great ones would also be known as that + Handle123 :D Small risk, large reward, high accuracy does not come by frequently.

No one needs to buy the bottom or short the top, that's just an egotistical naive thought. You just need to be right on direction.

Ya same here, I examine stuff through website reviews, youtube video reviews, then hit Amazon, and online retail places like that. No reason to deal with parking, rude people and crowd. Maybe I'm a hermit.