New guys, now is not the time

[GG1972]

Quote from jack hershey:

To one significant figure, the market is around a round number.

1 X 10^4

Ask any algo or bot.

Thank you for keeping it short ...honestly I really thank you

 

[trader#21]

Quote from konviction:

Is it just me, or is the market stalling out near end of day? Here is spy for today on a 2min...two nice moves in the morning, then just sideways chop with no direction after that. I had nice trades on GS, then tried to get back in for a continuation move up which never happened. The dow was up over 100 pts and I figured surely gs would be a top winner today. No such luck, as I got chopped to pieces giving back all gains. Anyone else having a tough time in the market?

The opening trades have become more important than ever(http://www.elitetrader.com/vb/showthread.php?s=&threadid=190027). I've decreased my loss limit to good extent for open trades because I dont really think it's possible to cover back in mid-day. The other think which helped me a lot is reducing size-- if you're not sized up full can patiently sit through the whipsaws to close flat... or even average at a good level.

 

[jack hershey]

Quote from GG1972:

Thank you for keeping it short ...honestly I really thank you

I'm sorry about the brief long yesterday, but otherwise I am keeping it short, as you say.

 

[MohdSalleh]

Quote from shortie:

Is NOW the time? The volatility is coming back. Keep your fingers crossed...

there is volatility but not liquidity

 

[Gabfly1]

Quote from MohdSalleh:

there is volatility but not liquidity

Lighten up, Droopy Drawers.

 

[shitzfagiggles]

Quote from jack hershey:

I'm sorry about the brief long yesterday, but otherwise I am keeping it short, as you say.

You should see someone Jack, you exhibit classic bipolar symptoms

 

[gnom]

Quote from Dustin:

After yet another dull open I got to thinking about how hard this market would be if I was just starting out.

[/i]

What about now? How are you doing in this market Dustin?

 

[Dustin]

Quote from gnom:

What about now? How are you doing in this market Dustin?

There's been some opportunities in the small caps this past week (SERV, FONR, VIFL, etc) but otherwise trading is as dull as ever. So long as the market keeps creeping higher on no volume it will remain this way.

 

[Daal]

Quote from Dustin:

There's been some opportunities in the small caps this past week (SERV, FONR, VIFL, etc) but otherwise trading is as dull as ever. So long as the market keeps creeping higher on no volume it will remain this way.

Looks like you have a hedging opportunity by loading up on ES. If the market tops, you would lose money but make up in stock trading. I'm not endorsing this approach, simply pointing out that its inconsistent to hold these views and not act on it

 

[Dustin]

Quote from Daal:

Looks like you have a hedging opportunity by loading up on ES. If the market tops, you would lose money but make up in stock trading. I'm not endorsing this approach, simply pointing out that its inconsistent to hold these views and not act on it

Funny you mention that, I've thought a lot about it lately. Next time it seems like the world is ending and I'm making a lot of money I'll buy some SPY leaps or something.