Man, Trading Is Depressing Now; No Energy

Quote from MrDODGE:

The swings in this market are out of control. We jump 25 points on the NASDAQ in less than 20 minutes.
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This is the volatility that we all super traders live for:D
 
Quote from 1flyfisher:
There is PLENTY of opportunity to short this ongoing bear market. Tons of opportunity. Tons. Opportunities to enter long positions for swing trades.
It's a Traders market and if you aren't savvy enough to take advantage of it ....don't.
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Oh boy, do we have a smart ass here! Thanks for letting us know, Mr. Obvious!!!
 
Quote from ByLoSellHi:

It's probably just me, and obviously things are gloomy now, but is anyone else feeling as if they have little energy or just feel whipsawed to the point of wanting to run to that little corner of risk aversion?

If not, what's keeping you motivated, you BSDs?

I'm not losing coin, but feel like I missed a ton of opportunity to short much of what's already way down.

So how you doin'?
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ByLo, I understand what you are saying, if you were not short earlier and had the conviction and deep pockets to hold through many mini-squeezes you could easily feel that you have missed out on golden opportunities. However i find this market quite lovely. Think of it this way: trading opportunities abound, and as each day passes the opportunities for long term profits grow. I have been selling puts at outrageous prices and am happy to lap up anything i get assigned. I sold UCBH Dec 2.5 puts for 0.50 the other day and today FTO made a double bottom and I sold some puts. But still keeping boodles of cash on the sidelines in my investment accounts so that i can rush headlong into the long side when we finally get that wave of panic capitulation selling down to 1050 or where ever we land. I don't mind if i'm in at the absolute bottom. Be patient, you'll have the last laugh. Remember we are exempt from the public relations constraints of the big funds and the stupid actions of the twenty something fund managers. We can gorge on bargains all over the place.

I love this market! Haven't seen opportunity like this since the 2000 crash, and before we are done i'll likely be able to say "not in my lifetime". THIS MARKET ROCKS!!!
 
Quote from astral:

Today, the entire day, price was following my patterns...to the tick.
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That may have been true when you posted, but I bet that last hour got you.
 
If it's so obvious Then quit bellyaching and whining because you are losing money dumbass.


Quote from makloda:

Oh boy, do we have a smart ass here! Thanks for letting us know, Mr. Obvious!!!
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Quote from 1flyfisher:
If it's so obvious Then quit bellyaching and whining because you are losing money dumbass.
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The only thing I am whining about is your arrogant hubris!
 
Quote from stock777:

I have great confidence that anyone that thinks this is easy trading will be busted out in good time.
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I agree if this was easy everyone would do it.




To the OP Learn how to deal with the ups and downs of this business. Good times and bad times will come and go. When times get tough if you don't deal with the emotions you can ruin relationships with family and friends. Better luck to you trading
 
Im pretty burnt from the last 2 weeks...im up maybe 15$.
I focus on mostly 1 stock : T.
I shorted bac yesterday and played KO and GE a few times this week but Ive been doing 5-7 round trips daily with T and it doesnt matter how much focus you got things just reverse or implode on ou with all this volatility.Im only trading 300-400 shares because im trying to keep risk down.At the same time my profits are low as well as my losses.It hasnt been very productive trading this market.I wanted to be in because i fugured a big rally was near but nada.The bad news jsut keeps piling on.Maybe this time it really IS different!
 
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