if volatility wears you out

One makes money in the market by:

a) doing what your not supposed to
b) not doing what you most want to do
c) having a high tolerance for pain


There's your edge...
 
Quote from stock777:

99% of posters claim to be on the right side of every 5 sigma move.

the other 99% are busy filing bankruptcy
More...

You mean like paper traders like yourself who call everything AFTER it happens?
 
Donkey kong. Last 2 months in the US Equities indexes look like a one minute chart in congestion from across the room. Then you zoom in and realize the trading range is 8%. Now we have a downsloping trading range. The spoos need to hold 1200 to breakout and the end of the month is nigh. Not looking good for october. We may be entering a good multi-month long sson as we could really take off to the upside with all the cash sloshing around looking for a home but first we need to break this trading range and the best way is for a downside break throuh 1100 in the spoos then a rally Late Fall into Xmas and January.
 
Quote from mikeenday:

trade the weekly candle.

Only look at the chart formation 5 minutes before market closes every Friday.

It's so easy and simple, the difficult part is you need to implement it as planned and sit tight.
More...

i prefer the decade candle. don't like being strapped to the screen scalping the weekly.
 
http://www.barchart.com/charts/stocks/$MMTW

Look at last 6 weeks. Looks like a shotgun blast. Volatility smoking hot. But clearly there is no consolidation on the downside to sustain a long-term rally. Nervous and jittery. "Investors are leaving the building" what few are left and the traders are knocking it around like a pinata at a 10 year olds birthday party while the adults are getting drunk off their asses......
 
Had two other thoughts on volatility (and yes it was painful)



Volatility covers (makes up for) poor trading skills - don’t believe me, wait and see

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Second thought

This volatility is not like the volatility of 07/08 – that was panic

This is more like a wounded animal thrashing about

Imo the mkt is feeding off itself (new money coming in – is/ has dried up – significantly)

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Margin requirements for gold traders has been increased a couple of times, no doubt forcing some to liquidate

And no doubt the margin will rise again, and again…..

Long term bonds being held artificially low

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Wonder where the powers that be want to see that money go

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In the meantime – US may offer some support to Europe (that’ll be good for the $ - not)


All the while – John and Jane Q Public’s 401 dwindle


Housing was the biggest house of card in recent memory… have to wonder if even a bigger one isn’t forming in front of our very noses

May we live in interesting times

RN
 
Quote from stock777:

99% of posters claim to be on the right side of every 5 sigma move.

the other 99% are busy filing bankruptcy
More...

In my system there is no such thing as a 5 sigma move. If you your system has one, it is way to slow and no where near dynamic enough to be profitable.
 
Quote from stock777:

99% of posters claim to be on the right side of every 5 sigma move.

the other 99% are busy filing bankruptcy
More...

Your mathematical understanding of percentages ( by definition for a sampling size it is a fraction or ratio of 100 ) is about as accurate as your market commentary.
 
Quote from athlonmank8:

You mean like paper traders like yourself who call everything AFTER it happens?
More...

guess you have no respect for yourself or you wouldn't make statements so easily disproved.

that's ok, your family still loves you. right?
 
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