Holy Shit!
- Thread starter nitro
- Start date
i feel like i should've made much more 
good to see the volatility back though. i bet all these algos that adjusted to smaller and smaller variations, destroying the volatility, are in for a rude awakening.
good to see the volatility back though. i bet all these algos that adjusted to smaller and smaller variations, destroying the volatility, are in for a rude awakening.
We made it!
<i>"I know someone who tried to fade the gap today on the YM, he's down over $15,000."</i>
There were a lot of lessons learned in the market today by traders who joined the game since mid-2003. Some of those lessons were terminal to trading accounts.
We've been saying this type of action is coming soon, heed the warning or suffer consequences. Markets are two-way vehicles. They head south with violence when propped for so long on air-pockets and stilts.
There were dips to buy with high probability today, but the opening gap sure wasn't one of them. Sell side all the way, until things were clearly overcooked.
Shades of 2002 all over again!
There were a lot of lessons learned in the market today by traders who joined the game since mid-2003. Some of those lessons were terminal to trading accounts.
We've been saying this type of action is coming soon, heed the warning or suffer consequences. Markets are two-way vehicles. They head south with violence when propped for so long on air-pockets and stilts.
There were dips to buy with high probability today, but the opening gap sure wasn't one of them. Sell side all the way, until things were clearly overcooked.
Shades of 2002 all over again!
Happy Birthday Steve!!!!
Peeps, sell trailing stop limit orders are the way to fly when you have profits at risk.
Peeps, sell trailing stop limit orders are the way to fly when you have profits at risk.
