Stock trading getting worse

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Quote from version77:

bobcathy1

Maybe I have been usefull. I have pointed out the fact that
MA crossover systems DO NOT work in choppy markets... :D

No wonder everybody is always selling their Don Miller tapes on ET... :D
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That is not true. Depends what time frame, and what MA you use. I did fine today taking that kind of entry.


We sell the tapes because they are expensive. You have to be aware of where ALL your money goes if you want to be a millionaire kiddo. And recoup anywhere you can.
 
Quote from bobcathy1:



Samba,
It is because the moves are leveraged therfore exaggerated. I am poping off one and two point scalps all day. 10 pts=$500. I trade multiple contracts, so that can be two trades. The indexes are leveraged, and you do not need 50k to trade, 10k will do nicely...even 2k if you are careful.
However leverage is a double edged sword. You can go down fast too......
Cathy
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Are you counting making 10 points a day per contract or say if you trade 2 contracts at once you really made 5 points per contract but 10 points total?
 
Quote from bobcathy1:

No....10 points total gain. 500 bucks...I change the size with the degree of risk......
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I have to give you congratulations for getting 10 points today...
 
Quote from sambatrade:

just curious, i've been hearing alot of people moving to futures and fx. I'm wondering why? I know it's hard with stocks right now (personally I'm just refusing to trade till I see some more tradable conditions, I'll wait a long time if I have to but I don't see any point in making my broker richer right now) but just wondering what's the edge trading futures (besides tax and leverage)? I mean no matter how hard it is right now, I can still see some edge and patterns in stocks. But Futures and FX, what's the edge? Would be interested in hearing how people are approaching these alternative markets.

So, the equity world seems kinda tough. Suprising that LAB is doing so poorly, I thought specialists would be doing alright, but apparently it's tough all over!
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You are probably smart to not trade until more favorable conditions come around, however I am tired of waiting around and don't really know how much longer things will be like this or if this is the new market conditions and market volume. Also I don't have that kind of money to sit around and wait for things to get better. I think how we have been reacting after the war was somewhat decided has kind of got to me. I have waited 4 months to get to this point just treading water and this was my payoff. So I am coming from a biased few point right now.

Both FX and futures tend trade more technical then a lot of stocks now do. Also like I keep saying liquidity is way better. It also seems that the futures will still have decent range days and movement relative to the stocks. Like the example I gave earlier you get a 15 point move in futures and a 40 cent move in a stock today but by the time you factor in slippage you no longer have a 40 cent move because liquidity blows right now.

I don't really know what kind of edge you are looking for in the futures and fx compared to stocks. So many of the statarb plays, opening orders, ect edges are crap. I don't call playing 2000 share position open orders and making $100 exactly a good edge.
 
Quote from silk:


I would like to hear other peoples thoughts on this matter.

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futures have been the place to be all year. I made the switch myself 6 mos ago after a long, long time in equities.

watch for daytraders to all but abandon equities in the coming years.....

Just a thought,

triple
 
Quote from sambatrade:

just curious, i've been hearing alot of people moving to futures and fx. I'm wondering why?
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Partly because you don't have to search for what's moving, you don't have to worry about floats, you don't have to be concerned with PDT or the uptick rule. You bring up the NQ or the ES or both, and you're ready for the day.

--Db
 
Quote from downtickboy:



I don't really know what kind of edge you are looking for in the futures and fx compared to stocks. So many of the statarb plays, opening orders, ect edges are crap. I don't call playing 2000 share position open orders and making $100 exactly a good edge.
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Ain't that the truth.
 
Quote from bobcathy1:

Kaizen....it is none of your business how much I make. I have been trading off and on because of health problems for several months now. And I am always changing my strategy......that is the only way to survive trading.
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I never asked what you made (or more likely lost) I asked how you were doing percentagewise? If you were making money it is unlikely you would be changing your strategy or method so frequently, therefore my question had to do with how you are doing over the last 4 months because if your not doing well you really shouldn't be offering up that their are "one's that work fine".

Really? Like what? Your trading discretionary latley correct? Do you consider that a strategy? How do you backtest it?
 
Quote from bobcathy1:

I am poping off one and two point scalps all day. 10 pts=$500.
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Either your memory is short or you're just not being very honest with yourself. Even a brief review of your posts shows a lot of complaints about your poor results and the money you've lost and the mistakes you've made and your failures of discipline, etc.

Plus, even though you claim that your system is simple, you have multiple systems and don't seem to enjoy consistent success with any of them.

Which is not to say that the rest of us haven't also had problems adjusting to the markets, particularly the last couple of months.

But please don't sit there and give the impression that you just sit on your boat, "popping off one or two point scalps all day". The journal you've provided via your posts suggests otherwise. You're doing as well or as badly as most of the rest of us.

--Db
 
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