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Guaranteed to raise rates soon, but it will not matter at all.

A few days of chop does not make the index whippy. You ought to try trading the hang seng if you think the dow/sp is whippy.

Lmao sp/dow is hardly "whippy".

I kind of pity them though, but I guess we wouldnt be able to make easy money if these permashorts didnt exist. :D

Mostly, but sometimes they aren't. Keeps you guessing all the time.

Irrational exuberance.

There is no free tick by tick charting service for futures.

The market makers DETERMINE the IV, don't they?

Yep, its all about liquidity. The market was already waiting to rally even before the fed decision was out, look at the way Asian markets closed prior to the decision, I see no fear whatsoever. I figured that unless Bernanke came out and said something really stupid, the market will rally anyhow.

Exactly. You are playing a loser's game if your commissions form such a large portion of your total profit, it will kill you in the long run.

Seriously what can Bernanke say? A rate cut = weak dollar and that will put further pressure on the unwinding carry trade, and a rate cut will literally kill the housing market. He is not going to say anything new or imply anything explicitly.

One can incur "big" losses day trading too, the only difference is that it happens in a shorter time frame and the day trader incurs extra commission and slippage costs in the long run. And boredom is probably the worst enemy of a trader, I have made so many stupid trades in the past due to...

Most day traders lose on commissions in the long run, position trading is the way to go if you are after big money.

Im sure the bear trap must have caught many by surprise, weirder things have happened during quad witching.

yeah thats what I thought, too many puts out there right now, too much to lose for em.

dow just rallied 130 pts to near unchanged. gotta be due to quad witching, the volatility is insane.

We have some crazy volatility there... in part due to quad witching?

nikkei futures are selling off hard right now.

Game over fror the bulls? :p

You cannot possibly daytrade this, the whipsaws will destroy you. Try swing/position trading.