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In my long-term stocks account, I'm 80% cash (and thinking I should have gone 100% cash :D)

Because I try to take advantage of momentum, so a 10 or 20-point stop wouldn't make much sense.

A veteran trader told me that the most important skill in trading was being able to identify when the market is ranging and when it's trending. I'm still not quite there yet, but I think he was totally right. OK, wait, @Buy1Sell2 is in the house, so that would be number 2 after prudent risk...

Thanks, enjoy your camping :thumbsup: How's the latency for trading? Edit: wow, I hadn't seen the camper. That looks like luxury camping, enjoy.

5-minute ATR went today over 13 points (outside of the news release). 1-minute ATR spent a lot of time between 5 and 8 points. Really easy to get chopped to pieces if you have smallish stops (I do). I was on break on 2021-2022, so I don't know, but maybe short-term volatility wasn't so high...

It sounds like cheating at Solitaire :D I had a similar view to yours. I really didn't think we were going to drop more than 100 points today. Was it some Fed big shot giving a speech?

I don't think he means people are watching his trades to piggy-back or fade them, but that making his position public distracts him from managing it or makes him want to prove he's right, etc.

Stop bragging :D Just kidding. Why are you on satellite, if I may ask?

I'm not a big fun of holding positions through major news events. Either with futures or stocks. For long term or swing positions it's different because we get news so often, but for short-term trades, IMHO, even with a positive expectancy, the added risk volatility makes it a suboptimal...

Quite a bit of volatility :D Edit: for a very slight deviation from expectations

Schizo is neither bull nor bear, he's a dolphin (Flipper) :p

I was looking for a breakout either way, got chopped too.

My discipline improved a lot (almost 100% regarding not taking trades I shouldn't take / about 50% regarding taking trades I should take) when I made this my number 1 rule: When you are sleepy, bored, frustrated, ecstatic, depressed or scared, do not open any new positions. In hindsight, of...

I had to Google it :D (It did ring a bell, like "Threads" or "TruthSocial", etc. or whatever the flavor of the day is). It's not just the waste of time, but being angry/upset 90% of the time. I cancelled/ignored most of my social media years ago (some of my long-time-but-not-see-often friends...

Correct. Tomorrow initial jobless claims and - more importantly - ISM services.

Is that like a 10 point difference?

Amen. Happy life.

@Noah, no need to get upset. Think of it this way: this is a bar, not a conference room. No need to take the Squid on his illegal drugs offer :D but, take a deep breath, have a drink of your choice and relax. Best trading to everyone.

@schizo and @Laissez Faire are a couple of decades away in age :p I (nearer Schizo's age) don't even really know what Discord is :D

Redish Tuesday