Poll:How many points up or down will the dow close on Monday

Monday close

  • 500+

    Votes: 1 4.0%

  • 0 to +500

    Votes: 13 52.0%

  • 0 to -500

    Votes: 9 36.0%

  • -500 to -1000

    Votes: 1 4.0%

  • More than 1000 down

    Votes: 1 4.0%
  • Total voters
    25
  • Poll closed .
rb7 said:
In percentage???
Who think about percentage, certainly not traders...
Traders make money off of points, not percentage.
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Of course they look at how much money they made or lost in a day. They should also look at how much that is percentage-wise.

But when looking at whether a market moves up or down, points are secondary.

Again a 5 points move in the eMini is pfft, a 5% move is WTF.

Too many "traders" learned from watching CNBC to focus on points, sheesh.
 
SunTrader said:
Of course they look at how much money they made or lost in a day. They should also look at how much that is percentage-wise.

But when looking at whether a market moves up or down, points are secondary.

Again a 5 points move in the eMini is pfft, a 5% move is WTF.

Too many "traders" learned from watching CNBC to focus on points, sheesh.
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I don't know how much I win or lose on a 0.5% move. But I know on a 5 pts move.
And I really don't care if the market is up or down. Maybe it's just me. I also don't watch CNBC, so I can't comment about that part.
 
rb7 said:
I don't know how much I win or lose on a 0.5% move. But I know on a 5 pts move.
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Ignore SunTrader, he doesn't know what he is talking about.

Most traders think in terms of points and take into account market volatility. Wider profit target and wider stop loss when the market is more volatile. Thats the way i trade.

Some traders use a stop based on a chart pattern or price level, but thats not something i do.
 
Arnie said:
You don't think this was already baked in?
I pray we get a knee jerk sell-off. Might be a good day for 0DTE SPX options.
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The markets sold off on Friday, so they were pricing something in.

IG is quoting the market to open down another 170 points when todays overnight session opens.

If this was a surprise event and not already priced into the market it would quoted to gap open down well over 500 points.
 
rb7 said:
I don't know how much I win or lose on a 0.5% move. But I know on a 5 pts move.
And I really don't care if the market is up or down. Maybe it's just me. I also don't watch CNBC, so I can't comment about that part.
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Did you bother to read the OP?
 
Futures opened green. You guys will never learn with the doom and gloom. Wasted energy worrying. Market will do what the market wants. No such thing as a black swan in today's market.
 
v-shape-0DTE said:
You guys will never learn with the doom and gloom. Wasted energy worrying. Market will do what the market wants. No such thing as a black swan in today's market.
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According to the Poll a big majority of voters are predicting a green close.
 
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