Go DOWN Already. What the is going on here?! Nothing discounted?

[Overnight]

...

I've too few day traders who will trade on the correct bias side of an established long term trend.

OMG @bone why is this news? You push exchange-traded spread trading, which means it doesn't matter so much which direction one leg goes.

Of COURSE you do not have daytraders! You have swing-spreaders!

Methinks bone is smoking some funny tonight. Like, some crack. (Gasoil crack spreads, of course, hehe)

 

[bone]

Spread trading has nothing to do with the direction of one leg as you mentioned, it has everything to do with the trend (direction as you call it) of the spread differential.
We are modeling and trading the trend. And spread differentials tend to trend really well.

OMG @bone You push exchange-traded spread trading, which means it doesn't matter so much which direction one leg goes.

 

[Overnight]

Spread trading has nothing to do with the direction of one leg as you mentioned, it has everything to do with the trend (direction as you call it) of the spread differential.
We are modeling and trading the trend. And spread differentials tend to trend really well.

Exactly. That's why you do not have daytraders. (It is what i tired to say, but you made more sense hehe)

 

[bone]

So this is a spread differential. It is a Eurodollar Condor. This trends and behaves much much better than the outright STIR instruments. And it illustrates my point nicely about a really well behaved quite obvious spread trend. In this case, if you bought the Wings and sold the Body of this futures Condor, you've been GOLDEN for a while now.

https://imgur.com/F3bLiWk

Exactly. That's why you do not have daytraders. (It is what i tired to say, but you made more sense hehe)

 

[GrowleyMonster]

I would guess that 80 percent of the people posting on this forum are chronic faders. They would fade any move. And that's really unfortunate.

There are a thousand posts on this forum about how Tesla is overbought. Been that way for years, now. But whoever is long TSLA from 2019 levels or March/early April 2020 levels is up 400% today.

I've seen too few day traders who will trade on the correct bias side of an established long term trend.

Yeah, I know, right? Hey sure, you can make some coin on the bear side in the normal ups and downs of a stock trending upward, but you can make a lot more with the wind at your back, surfing along with the trend.

I KNOW it's a bubble and it's gonna bust soon. That's okay. Until it does I'm not gonna stay out just because the market is up tight and outtasight.

 

[Tradex]

Until the trend shoves a stick up yer butt and says "Tag, you're it", and yer left holding your own bag. Literally, maybe.

Don't worry, a close below a moving average and/or two (2) lower highs and lower lows and I am out (with the loot).

I can even go short and ride the sucker down if I have a clear short signal.

There is no bear market, bull market or "bubble" market, only traders on the wrong side of the market, end of story and case closed.

 

[Tradex]

And spread differentials tend to trend really well.

Indeed!

Trading spread differentials is a fascinating and potentially lucrative business, too bad I don't have the time to do some research and backtests on that field.

 

[bone]

Well, if you ever want to work at a hedge fund or a bank desk or a top tier prop firm like DRW it is a necessary skill.

Indeed!

Trading spread differentials is a fascinating and potentially lucrative business, too bad I don't have the time to do some research and backtests on that field.

 

[Overnight]

...

I KNOW it's a bubble and it's gonna bust soon. That's okay. Until it does I'm not gonna stay out just because the market is up tight and outtasight.

Nobody like you right now Growley, because you admitted you eat slow-moving kittens. #sad

A pox on thee!

 

[Overnight]

...

There is no bear market, bull market or "bubble" market, only traders on the wrong side of the market, end of story and case closed.

Today's action was certainly off kilter in the indices. Couldn't make head nor tails of it for the first half of RTH, and then of course we get that afternoon rally. Grr.