another viscious whip saw

[BoazMordecai]

Quote from NY_HOOD:

i NEVER siad I was gettingh whipsawed,i just said there is alot of whipsaw action so making quick money early and taking the rest of the day off is probably a good idea for most.

The volatility is what you want as a trader IMO. As you get experience the crazy days like today and last thursday or the month of july in fact is what you want to see. It does cause panic and that is how you make quick easy money. My trainees have done very well. I have one who today made $1400 on 22,300 shares. He was so happy i took him out with my other traders to celebrate.



And to NY_HOOD if it's working stay with it if your happy with the outcome.



I have a quick question is candletrader still around or Magna the mod still around from 2000?

 

[Stealth Trader]

Quote from HolyGrail:

I agree totally, but I will bet that if he is getting whipsawed he is using 1 point stops or less. A one point stop in this market will get hit in seconds.

Absolutley correct. Stops should be logically placed with sound reasoning. Which leads us back to incorrect entries and a flawed strategy.

st

 

[Stealth Trader]

Quote from NY_HOOD:

i NEVER siad I was gettingh whipsawed,i just said there is alot of whipsaw action so making quick money early and taking the rest of the day off is probably a good idea for most.

Say what??? And leave these recent 30-40 point moves on the table? This market has been nothing but fabulous to trade. The first good trade today didn't come until after 10:00!!!

st