Catching Tails

LCC flashing the sign.

The inner question: will The Market keep going up?

:cool:

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if your fighting the tape.. stop trading until your head clears a little.. or continully reduce your position size till your head clears..
 
You got that right.

I'm actually fighting the range.

Looking for trendz in this market is like trying to fly a kite with no wind.

You can run and run, and get it in the air....... until the string goes limp.

:eek:
 
i've always thought its easier to scalp in the middle of a sharp move.. you would have to sit there all day with your hands on the keyboard though haha.. and that would probably lead you to over trading...
the one thing i've thought made the most sense related to trend trading is.. in some time frame you have a reversal... so say if your day trading.. you'd be looking at the monthly trend.. weekly trend.. the day , the hour and the 5 min trend... you'd be picking a reversal in a very small time frame on the larger trend... you do that or no?
 
That's basically the idea.

The third wave breakout is the first pullback in a new trend.

It's based on the assumption that every trend has at least 2 impulses.
 
i get it.. i've read all the elliot stuff.. you can risk reward a little better with options for those impulses in a better risk/reward deal..
 
Quote from cdcaveman:

i get it.. i've read all the elliot stuff.. you can risk reward a little better with options for those impulses in a better risk/reward deal..
More...

I tried options and the spread / time decay got me.

But I wasn't trading like the typical option subscription service newsletter: 5% capital on each option play with no stop. Is this how you do it? It makes a ton of sense if you can reliably get in before the volatility explodes.
 
Quote from Wide Tailz:

I tried options and the spread / time decay got me.

But I wasn't trading like the typical option subscription service newsletter: 5% capital on each option play with no stop. Is this how you do it? It makes a ton of sense if you can reliably get in before the volatility explodes.
More...

theres all kinds of strategies.. if you think its going to range trade on low vol you can butterfly it... if you think its wired down into an asending triangle and you expect a big move you can straddle or strangle it.. you can backspread right above or blow breakout points... timing is definitly a factor.. if you don't get the Greeks and how they will affect you during the life of the trade its more simple then most realize.. you need to have something to model your trade.. change assumptions over time.. IE how much theta will change if underlying goes farther away from the strike.. etc.. etc.. i just can't imagine trading without options myself.. its like most people see it as this huge wall of intellectual complexity that is just to much to scale.. its not! you seem from your posts a very dedicated trader.. its like adding more weapons to your arsenal.. makes you a more versatile killer.. :) haha
 
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