Poll: Fed Cut

vladiator · Nov 6, 2002

Originally posted by ddefina
Ouch, that was kind of like who wants to be a millionaire when the audience is wrong. I think everybody was short going into that announcement (including me ).

I hope you didn't get stopped out

bobcathy1 · Nov 6, 2002

I stay out of this kind of stuff.....though it did have something for everyone in that up/down move.....

Avalanche · Nov 6, 2002

Bet we close on highs.

(note I thought we had chance of 2-3 hundred point up day if they cut .50) :mad:

ddefina · Nov 6, 2002

Originally posted by vladiator

I hope you didn't get stopped out

Yes, I did. I was going to stay away, but wanted to make a quick 10 points today on a pop. I should've went to the Casino and played Craps for 5 hours, it would've been cheaper and more fun. No more news trading for me. I believe I lost around $2,300 in 10 seconds.

This is one example of the need to use discretion to override a system.

FienyxTrader · Nov 6, 2002

Wow...I cant believe the 160+ swing is due to Winona Ryder being found guilty!!!!

I cant wait till they go after Martha Stewart!!! Volatility City!!!

rs7 · Nov 6, 2002

I don't remember the last time that the initial move wasn't reversed and then confirmed like today.

I have seen this so many times, I am embarassed that I can't seem to pull the trigger and assume it will happen again. As it has virtually every time for the past 5 or 6 years.

sdtrader · Nov 6, 2002

I win. 1 of the 4

vladiator · Nov 6, 2002

Originally posted by rs7
I don't remember the last time that the initial move wasn't reversed and then confirmed like today.

I have seen this so many times, I am embarassed that I can't seem to pull the trigger and assume it will happen again. As it has virtually every time for the past 5 or 6 years.

are the time frames over which the swings happen also relatively similar?

Tech Analysis · Nov 6, 2002

Intraday charts looks like an damn EKG pattern.

limitdown · Nov 6, 2002

Originally posted by rs7
I don't remember the last time that the initial move wasn't reversed and then confirmed like today.

I have seen this so many times, I am embarassed that I can't seem to pull the trigger and assume it will happen again. As it has virtually every time for the past 5 or 6 years.

you're not the only one, who was afraid of being faked out, yet again, however, this is where the hotkey buy/sell/short/cover comes into play.

pulling the trigger without emotional doubts, and dealing with whatever profit you can cap out of a scalping move, is what this trading environment is about, lately

Poll: Fed Cut

Guest