Please don't categorize all people into one group.
The thought had never occured to me to use the VIX specifically for what was mentioned. It was novel to me - not to you clearly - but I havn't been around for very long.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
I can't win in this market
- Thread starter ebayuser
- Start date
Please don't categorize all people into one group.
The thought had never occured to me to use the VIX specifically for what was mentioned. It was novel to me - not to you clearly - but I havn't been around for very long.
Congatulations on the moronic post of the year,and that is a tough task..
Without spelling it out for you,it may be an interesting exercise to incorporate the slope of the VIX as a filter in ones systems.
Various elements(time frame,stops,profit targets) maybe adjusted depending on the slope or other derivative measures..
And thanks for stating the obvious regarding market direction and VIX..
Without spelling it out for you,it may be an interesting exercise to incorporate the slope of the VIX as a filter in ones systems.
Various elements(time frame,stops,profit targets) maybe adjusted depending on the slope or other derivative measures..
And thanks for stating the obvious regarding market direction and VIX..
Quote from Mike805:
Jeez people...
How many here do not know that *generally* rising prices => low volatility and falling prices => high volatility? Honestly now? That's very *BASIC* knowledge IMO...
And this crap about the market being "fixed"... ? HUH?
I'm laughing as I write this... to think someone actually believes that...
The level of ignorance here has reached a new all time high.
No wonder sooo many people lose in trading, nobody wants to do their homework.
DO SOME RESEARCH !
And, while you're at it - READ a finance/trading book that requires slightly more than a 3rd grade reading proficiency...
Mike
Quote from kidPWRtrader:
Unfortunetely I'm not working with 25 k yet so I don't have the opportunity to stop swing trading.
.
Hi,
Then limit your trades to three a week for now. Not a bad idea if you're trying to think of new stratagies anyway. As long as your don't day trade 4 times in a five day period, you're fine.
Good luck.
K
Quote from kwtrade:
Hi,
Then limit your trades to three a week for now. Not a bad idea if you're trying to think of new stratagies anyway. As long as your don't day trade 4 times in a five day period, you're fine.
Good luck.
K
Once again though... I scale in/out and am right only 60% of the times.
This will be awfully hard to even close all my positions without violating the PDT rule.
On a positive note though, the market breaking down has given me plenty of signals to go short. I have no idea if we are going to be down next week, but a signal is a signal is a signal and I have to take each one.
" I feel like every trade I am in ends up being a loser."
i reread the OP. i find one can get amazing insights into the psychology of the losing trader, by the words they use.
police interrogators, job interviewers etc. know this as well.
note: "i ***feel*** like every trade I am in..."
(emphasis mine)
what does he reference? his FEELINGs. traders who rely on their feelings are inevitably losing (retail) traders.
a professional mindset wouldn't say this. what you should be concentrating on is what your trades are telling you. NUMBERS. RESULTS. not that you FEEL they end up being a loser.
now, even a winning methodology (positive expectancy) will have strings of losers.
you need to KNOW what %age of your trades are winners vs. losers. how big your winners are relative to your losers.
etc.
then, you don't have to FEEL
you KNOW!!!
i reread the OP. i find one can get amazing insights into the psychology of the losing trader, by the words they use.
police interrogators, job interviewers etc. know this as well.
note: "i ***feel*** like every trade I am in..."
(emphasis mine)
what does he reference? his FEELINGs. traders who rely on their feelings are inevitably losing (retail) traders.
a professional mindset wouldn't say this. what you should be concentrating on is what your trades are telling you. NUMBERS. RESULTS. not that you FEEL they end up being a loser.
now, even a winning methodology (positive expectancy) will have strings of losers.
you need to KNOW what %age of your trades are winners vs. losers. how big your winners are relative to your losers.
etc.
then, you don't have to FEEL
you KNOW!!!
This is NOT a market with a clear trend.Quote from ebayuser:
anyone else having a hard time in this market? I feel like every trade I am in ends up being a loser. When I go long, the market tanks, and when I short, it's always the bottom. I have never been so frustrated. The only thing that I have going is that I am not negative on the month...just flat. However, I think being flat is what is killing me psychologically. I have not had that huge loser. I'll make decent money one day, only to give it away the next. ahhhhhhhhhhhh
please tell me someone else is struggling this month!
Neither clearly bullish, nor clearly bearish.
Why fight it?
I'm on the sidelines now, just rolling 4 week t-bills.
Quote from taowave:
Congatulations on the moronic post of the year,and that is a tough task..
Without spelling it out for you,it may be an interesting exercise to incorporate the slope of the VIX as a filter in ones systems.
Various elements(time frame,stops,profit targets) maybe adjusted depending on the slope or other derivative measures..
And thanks for stating the obvious regarding market direction and VIX..
Its funny how I point out some discrepancies in your knowledge base and you get offended. Its okay to get upset, however, it might be helpful for you to let go of your ego. One day when someone tells you that you need to work a little harder, you'll thank them, it will help your bottom line.
For anyone that wants to get a general sense of market/vola principles, this is a good starting place:
"Asset Price Dynamics, Volatility and Prediciton" by Taylor. The "Prediction" in the title means nothing more than forecasting.
Mike