Stock trading getting worse

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Quote from bobcathy1:

take teenie weenie profits as often as you can. Move into ES or NQ for leverage......that is my best advice for choppy markets.....and change your strategy....there are ones that work fine.

...bobcathy...you hit it on the head...futures, Eurex and Forex is where it's at....

J-
 
If he said that this is the best time to trade stocks he should be challenged to explain that statement right here. I can not wait to see how he redefines is or something else Clintonesque. However, I actually doubt that is what he said. He will probably state that he was referencing the cost per share to trade or something like that.
 
Quote from bobcathy1:

Today it is choppy again.....1 itsy bitsy point............I just did not trust this spike, my loss.:D

What I am finding is whenever I make a wrong call with the minis , I must recover as soon as possible. I look at my wrong direction too long instead of changing my thinking. Some one said futures should not be thought about too much. I'm beginning to think that is correct. It's basic direction. But also being involved with stocks one tens to analyze info.
 
Quote from taodr:



What I am finding is whenever I make a wrong call with the minis , I must recover as soon as possible. I look at my wrong direction too long instead of changing my thinking. Some one said futures should not be thought about too much. I'm beginning to think that is correct. It's basic direction. But also being involved with stocks one tens to analyze info.

I agree....you have to change direction immediatly. Indexes are more price action than any real thought. I think it helps to try to "think stupid" to trade them.:)
 
Quote from silk:

Those that day trade stocks know what i'm talking about. Daily ranges of stocks continue to contract. ... I see stocks that used to have $1.5 daily ranges now trade in 80 cent range, and most of day its a 20 cent range.

I would like to hear other peoples thoughts on this matter. Especially those that day trade NYSE.
...
I think over the past few months it became unprofitable to daytrade so people stopped trying.
...
What are other people doing in this environemnt?

Yes, some issues have seen this: We have just modified what we trade and how we trade. We constantly review our methods and since the beginning of the year we have made a few changes/tweaks to our approach but nothing too drastic.

Our experience is that this year - since jan - has been very good in NYSE issues (we also trade futures), contrary to what a lot of people are saying. However, I do know a few people trading at some of the local "daytrading" type shops and several of them have not done well this year, or have washed out. I think that we just recognized that a few changes were required in a few of our techniques earlier in the year and made them. I am very optimistic for the balance of the year and I dont feel that there is any merit to an argument to abandon NYSE issues - at least for our operations.
 
Quote from bobcathy1:



I agree....you have to change direction immediatly. Indexes are more price action than any real thought. I think it helps to try to "think stupid" to trade them.:)

If we could we would be richer than rich. Easier said than done.
 
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