ES Journal - 2019/2020

[Cessna06P]

from 6 to 14 in 40 minutes and going down again. I am not tall enough to ride that ride.

 

[Laissez Faire]

This is what a 1-freaking-minute chart looks like today (for the historical record)

Insane.

Trading this seems like gambling to me.

 

[Picaso]

Insane.

Trading this seems like gambling to me.

You see the movement in that DOM, this must be mostly algo-driven, otherwise I don't know how anyone can cope with this speed... Other than some crazy elite traders with brass balls, of course

 

[speedo]

I traded crude early on in my development...roughed me up. If I add a market, I want to know it's peculiarities and they all have them. And this kind of vol will kill you dead if you don't have a strong trade plan and absolute discipline.

 

[schizo]

This is what a 1-freaking-minute chart looks like today (for the historical record)

View attachment 225622

The May contract expires today. I think the low coincided with the settlement time.

 

[schizo]

from 6 to 14 in 40 minutes and going down again. I am not tall enough to ride that ride.

Nobody is. We're all just peanuts here.

 

[nillionaire]

Reports on other sites indicate TOS has set CL to close only today. Not letting people open new CL positions. Assholes.

 

[Cessna06P]

It is something to behold and think of all the fortunes made and lost in the last two days. Oh the humanity.

 

[Picaso]

Reports on other sites indicate TOS has set CL to close only today. Not letting people open new CL positions. Assholes.

Wire me the money, I'll put on the trades for you

Now seriously, that sucks, I'm really surprised IB didn't raise margins like crazy for oil, now you trade 3, almost 4 CL for one ES. Me no comprende.

Edit: Although I guess one possibility is that NYMEX and IB think that increasing margins right now would only wreck even more havoc: imagine the long-term longs trying to hold on for life and suddenly being told to cough it up...

 

[schizo]

It is something to behold and think of all the fortunes made and lost in the last two days. Oh the humanity.

A lot of oil/shale producers and its ancillary distributors will go bust. Frankly, that ain't so good for the stock market. I expect the S&P to sell off big in the coming days.