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Back to losing, this time mostly due to my auto-trades Auto Trades: -1252 Everything else: -341

up

I'm not following you. I'm obviously biased short if I have a short position, right?

Finally an up day. I guess today the S&P didn't go up another 5 points for once Auto Trades: 1610 Everything else: 1777

Yea but they're not consistent either :(

similar to yesterday Auto Trades: 2162 Everything else: -2270

Breakeven day (technically still down days): Auto Trades: 863 Everything else: -869

Yea, no need to point it out specifically ;)

6-8 % drop as part of a natural short term correction. I'm not an illusionist, I'm not trying to sell @ the top and hope for a new bear market to start right afterwards. I've just never seen anything like this where indexes like the nasdaq or S&P make high after high without any type of chop...

+1

That's probably the area I'm focused on the most. Not that I've any particular skill set analyzing this aspect. No life changes other than I hit 190 pounds for the first time in my life when I started this thread. Well I guess kids were home from school, but that shouldn't distract that much ;)...

Thanks oraclewizard, your advise is awesome.

Don't shut up, I appreciate everyone's point of view. It's good to see many perspectives, it helps avoiding tunnel vision ;) Yes this is all from trading, however it used to be significantly higher 18 month ago, so I'm definitely in a slump.

+1 And it's super easy in hindsight ;)

Definitely appreciate your input. I usually trade around 500k, right now since I don't have a lot of size on (since things are not working) there's about 450k in the accounts. As far as the break goes, I think it's always hard to go through serious draw downs, however if you quit at a serious...

I am with you on the wide stops ;). As far as the first 30 mins go, with options the first and last 30 mins are very liquid, so it's hard not to trade those. During the day right now a lot of markets are almost dead.

what's BPS? couldn't possibly be basis points.

Trust me the last 18 month I'm asking myself the same question. Didn't cross my mind the years before though.

This doesn't make any sense to me. Aren't you supposed to buy low and sell high? not vice versa ;)

Mo, I assume you don't keep positions overnight?