How do you like trading this volatility?

nooby_mcnoob said:
In case anyone cares, month to date stats so far. Should've, could've made more money but whatever.
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Great job!

The market will always offer more than you can take, so just be happy you're making good money. :)

nooby_mcnoob said:
Size lol. Right now I just trade 1 NQ per entry if I trade it. The main reason is that ES is good enough for me to trade.
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Right.

But if you're trading NQ when the market is more normal - why is it that you're not trading it right now? Is it too volatile/jumpy in your view? Would be nice to hear your comments on that re: the thread topic.

Are you more of a scalper or do you aim to capture larger intraday swings?
 
Laissez Faire said:
Right.

But if you're trading NQ when the market is more normal - why is it that you're not trading it right now? Is it too volatile/jumpy in your view? Would be nice to hear your comments on that re: the thread topic.

Are you more of a scalper or do you aim to capture larger intraday swings?
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You ask a good question, and the stats actually say I should be trading Nasdaq (NQ stats for month to date below). I like to TRY to capture larger intraday swings but I am happy if I can just make it to the next level.

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nooby_mcnoob said:
You ask a good question, and the stats actually say I should be trading Nasdaq (NQ stats for month to date below). I like to TRY to capture larger intraday swings but I am happy if I can just make it to the next level.
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Whatever you're doing, just keep doing it. You're doing great!
 
Laissez Faire said:
Obviously. ;)

May I ask what you trade?

The "ping pong ball" nature of price movements makes it more difficult to trade, IMO, unless you have a method which exploits that price behaviour
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TQQQ & SQQQ

Nowhere near as impressive as Mr. McNoob (props), but going in the right direction!
 

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Laissez Faire said:
Were you day trading CL?
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Actually, no, that was a swing-trading system I was developing to avoid overnight margins. It was overly complicated. You can see how it worked in my journal in the journal section. I got spooked back in the day when CL started fluctuating beyond a ~$10 range back then. So I switched off to the equities. I do not know in hindsight if that was a good move or bad move. But I can tell you one thing...If I had been using that system when CL went negative nearly two years ago? I would have been in a world of hurt I think. Not sure, because my software and datafeed, like many others', could not handle the negative settlement prices.

My software showed $0.01 on April 20th, 2020, while the price was really like -38 bux. Ug.

Alas.
 
Laissez Faire said:
Hello guys,

Curious how you all experience the kind of volatility we're currently having? In general, do you prefer trading (very) high volatility or calmer markets?

One could argue that higher volatility brings more opportunities and larger moves, but unless you're taking on larger risk, you'd usually have to size down as a consequence of requiring larger stops, so your pay day may or may not be bigger as a consequence.

Personally, I prefer it when the volatility and pace is a tad slower than what we're currently seeing. Makes for more predictable action and more relaxed trading.

Curious to hear your comments. I'm sure there are some who are absolutely killing it now, but quite a few are getting killed as well.
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I prefer it like this. The moves are cleaner and my version of PA reading goes exactly to plan with the increased "velocity" of the PA. no complaints here. And the overnight sessions are even juicy !
 
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