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I can not trade futures in this enviroment
- Thread starter myminitrading
- Start date
Quote from austinp:
I even p**sed out the office back window rather than going across the house to bathroom.
That ain't nothing I entered a short-term 6 minute position today while trading the SPOOS. ( I did my secretary doggie-style)
Later I crapped in a pie tin.
This is just too f*ckin' unbelievable after 4 years of quietude.
Bring on the "carry-trade" meltdown as it will be known.
Yes we may stabilize but if this shit comes unglued look out below!!!
Quote from austinp:
#1: Tick charts, not time charts
#2: Prior experience helps. We've been saying for months now this type of action is coming... extreme low volatility IS ALWAYS resolved by extreme high volatility. Shades of 2000 - 2002
Currently one of my biggest profit days ever... one hour into the cash session. Been banging keys here since 6:30am est.
I even p**sed out the office back window rather than going across the house to bathroom.
Too much info, but true story
My friend, that was a pleasure to read.
This volatility could last two weeks, two months or two years.
You need to develop a new strategy, if the VIX falls back to 10, you can get your old strategy back out again.
You need to develop a new strategy, if the VIX falls back to 10, you can get your old strategy back out again.
yeah i am having some probs adjusting as well, pnl extremely volatile and running losses getting out of control. was down 500 bucks per contract on 3 er2 trades before sob turns around and i close at a profit....got caught long into that nasty decline after the hod and took a serious hit. cant complain tho after almost a month without any down days, trading the mkt i know the least.
Real traders typically make a killing in environments like this, so is it so surprising there are a lot of happy people around the last 3 days?
Quote from stock777:
Dont feel bad.
Every post will tell you they are making record money
No one will say they lost money.
ET is filled with superstars.
Quote from monee:
I'm with you ...will return to trading when ranges contract.
Stops have to be too wide for me now.
that's the bloody problem. how much room do u give, i decided not to use stops at all and worked ystdy but today didnt pan out. [i traded like shit overall tho] best thing may be arbing all day those mad quotes for a few ticks and take only a couple of directional trades on the best odds.