Quote from iceman1:
wow, i guess my view should be that these crazy moves are opportunities. My inclination is to reduce risk, by spreading and hedging. Every fricking time I do that it seems that I reduce the impact of a move (meaning profits get cut short).
Today I scale in to OIH Dec 135p thinking I may have to wait a few weeks to cash in; so I spread against 124p. AFTER ALL oil is making new interim highs. So who the f-ck would figure we get a sell off. OF course I am glad we did.
But in all seriousness, are any others and in particular the gunslingers out there, getting hammered by these wild swings at EOD with little no reason. It's like a fricking shell game out there. You gotta figure out what a fricking computer is going to do at any given moment.
I keep telling myself... "wait until the f-king end of the day" before making a move.
No wonder guys don't want to be swing and position trader like I am doing. Used to be you could hold a position overnight. Nowadays, since I decided to do some trading in June, it's like an insane asylum out there. I haven't even looked at the markets in 5 1/2 years, after many years of trading back into the 80s; and since June what I have seen is often inexplicable.
However, like I said, this does create opportunities... but it also places anyone with open positions overnight or even intra-day in jeopardy, and harms way.
When did it become this insane?? Who likes these markets?
