Choppy Market today... Anyone else

Quote from John_IL:

I'm a newbie and I would like to know if there is any tool out there which would tell me if it is going to be a choppy , strong or weak market.
I'm paper trading and today I had all losses.
Some guys here mentioned earlier here today that market had low volume today.
How do i know if the market has low volume?


:mad:
More...

Compare the first 15 minutes of the day against the previous day. What are you trading?
 
made some in the morning, lost some in the afternoon, overall in the green a bit. Of course such a environment is not super friendly towards trend trading systems (for day traders)

that is to be expected once in a while
 
Quote from John_IL:

I'm a newbie and I would like to know if there is any tool out there which would tell me if it is going to be a choppy , strong or weak market.
I'm paper trading and today I had all losses.
Some guys here mentioned earlier here today that market had low volume today.
How do i know if the market has low volume?


:mad:
More...

i like to watch the slope of the 20 and 50 smas, if they are both flat = do not trade
 
Quote from silvermotion:

i like to watch the slope of the 20 and 50 smas, if they are both flat = do not trade
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Sounds like a very good idea.
I will try to remember this next time.
What time frame do you use with 50,20 sma?

Thanks for your help.
 
Quote from day7793:

I bet you are frustrated you couldn't short today, YES?
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I was long and short throughout the day but kept getting whipped out of my trades... a tad frustrating.
 
3 trades up 100 bucks

moderately expensive education today


up 400 on the opening gap
then spent 300 of it back on 2 trades learning where to set stops around the pivots

obviously didnt learn much since I lost on 2 trades - 1 short 1 long

try again tomorrow....
 
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