Any daytraders get their numbers Today?

tiddlywinks said:
With just a single handful of contracts, it would almost be harder not to achieve that result,
with NQ having a RTH 259.50 point linear range at 11am PST. :p:finger:

Carry on!
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And a certain someone 'round these parts is eating crow for repeatedly saying the day session has no range. (Not you. You know who I am on about.)
 
Overnight said:
And a certain someone 'round these parts is eating crow for repeatedly saying the day session has no range. (Not you. You know who I am on about.)
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I wouldn't draw any conclusions about RTH range. And then there's the studies... apples peaches and pears.

VIX is low to mid-teens. That allows overnight drive-bys with some size to adjust price levels. Volume makes things happen. Volume overnight is meh compared to rth. But... now to get a read on that, micro and mini combined should be considered. Apples, oranges, bananas!!

Have a nice day.
 
Tradex said:
Fast forward to 2021, does he still laugh after a quick $3.5 million loss...?
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He was laughing at me for being startled at $3.5M disappearing from his screen, while I used his bathroom. The point is that this was a normal/regular fluctuation in his portfolio.

He is a very talented portfolio manager (and has a sick car collection), went on his own after the SAC scandal, and then returned to...

Point72 Asset Management!!!
 
Overnight said:
Being up 3.5 million and then closing flat is not a 3.5 million loss. It's just not realizing a 3.5 million gain.
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I see.

So if you lose $3.5 millions right after the open but break even at the end of the trading day you won 3.5 mil, right? :D
 
Tradex said:
I see.

So if you lose $3.5 millions right after the open but break even at the end of the day you won 3.5 mil, right? :D
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No, it's the same thing. You broke even. The value of the number doesn't matter you silly. If you were down 3.5 million and ended the day flat, you did not realize a 3.5 million loss.

According to the post, the guy had a billion. So what is a mere 0.3% potential on the day? Pssshhaaww! Peanuts in a walnut gallery, heh
 
Overnight said:
If you were down 3.5 million and ended the day flat, you did not realize a 3.5 million loss.
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You had 3.5 million at some point in time. That money was legally yours.

Heck, you can buy a nice villa in the South of France or Spain with that kind of money, and live like a king for a while.

Unfortunately you manage to lose all that money a few minutes later.

Strangely enough, that loss is not real according to you, it's a fictional loss, it never happened.

Right.
 
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