crash

All I have to say is WOW!!! Hope everyone had a good day today, haven't made so much money in one day since 2000.

Good luck,
shneed
 
Originally posted by lundy
once the NDX closed the gap this morning, it was set in stone that it must also take out yesterdays open. That is why we bounced.

ITS CALLED CHAOS THEORY.
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You cannot be serious with this statement :eek:
 
Originally posted by daniel_m


TOTALLY AGREE! This is freakin AWESOME! This volatility is to die for man!!
So much for the supposed "summer slowdown" eh Candletrader?
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That's right! I remember earlier this year thinking the summer would be horrific based on how slow last summer was. So far it's been great!! Days like today sure do bring back memories of the good ole days. Volume and volatility. . . what more could you ask for?:D

Tony
 
Originally posted by Tony01


Volume and volatility. . . what more could you ask for?:D

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You said the magic words man! volume and volatility.
I would add a little more to it and say, "dollar volatility" - as opposed to just percent volatility. But that requires higher priced equities, which we seem a long way off these days.

(explanation: i'd prefer $5 range on $60 stock, which is about 8% range, compared to 15% range on a $15 stock, which is about $2)
 
Originally posted by daniel_m


You said the magic words man! volume and volatility.
I would add a little more to it and say, "dollar volatility" - as opposed to just percent volatility. But that requires higher priced equities, which we seem a long way off these days.

(explanation: i'd prefer $5 range on $60 stock, which is about 8% range, compared to 15% range on a $15 stock, which is about $2)
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Okay daniel, here's what I see you saying: suppose you bought $10,000 worth of $60 stock and I bought $10,000 worth of $15 stock.
You have 167 shares and make $5.00/per = $835
I have 667 shares and make $2.00/per = $1334

Please explain again, why do you prefer earning 8% instead of 15%? I think I'm missing your point here.
 
QUOTE]Originally posted by Lavish


Okay daniel, here's what I see you saying: suppose you bought $10,000 worth of $60 stock and I bought $10,000 worth of $15 stock.
You have 167 shares and make $5.00/per = $835
I have 667 shares and make $2.00/per = $1334

Please explain again, why do you prefer earning 8% instead of 15%? I think I'm missing your point here. [/QUOTE

Most Traders perform trades with a set number of shares rather
than a fixed sum of money. If a trader opens a position with
1K shares then the following results would be achieved:

1K of stock priced at $60 moves $5 (8%) yields $5,000
1K of stock priced at $15 moves $2 (15%) yields $2,000


- Greg
 
rally from the lows was great...hope most of you had a good day.
All it took for this market to rally so much was for some big institution to start buy the sp. Stocks werent cheap. All it was was the change of trend for the sp.

what a rally
 
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