Ugh the last few days have been difficult. In and out of trades that appeared initially good then failed by the end of the day. This week has been whip-sawing me around and forced me to go mostly cash. I honestly feel 50/50 chance tomorrow could be +300 or -300. Lack of direction is killing me!
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Struggling to find direction
- Thread starter matgallis
- Start date
In a bear market, a penny saved is a penny earned.
matgallis
Registered: Jul 2007
Posts: 89
New Post 07-09-08 03:43 PM
Ugh the last few days have been difficult. In and out of trades that appeared initially good then failed by the end of the day. This week has been whip-sawing me around and forced me to go mostly cash. I honestly feel 50/50 chance tomorrow could be +300 or -300. Lack of direction is killing me!
It's not lack of direction that is killing you, it's lack of knowledge!
Registered: Jul 2007
Posts: 89
New Post 07-09-08 03:43 PM
Ugh the last few days have been difficult. In and out of trades that appeared initially good then failed by the end of the day. This week has been whip-sawing me around and forced me to go mostly cash. I honestly feel 50/50 chance tomorrow could be +300 or -300. Lack of direction is killing me!
It's not lack of direction that is killing you, it's lack of knowledge!
Quote from trader123abc:
matgallis
Registered: Jul 2007
Posts: 89
New Post 07-09-08 03:43 PM
Ugh the last few days have been difficult. In and out of trades that appeared initially good then failed by the end of the day. This week has been whip-sawing me around and forced me to go mostly cash. I honestly feel 50/50 chance tomorrow could be +300 or -300. Lack of direction is killing me!
It's not lack of direction that is killing you, it's lack of knowledge!
This is my 8th consecutive year of trading, why do elitetrader members alway point to registration date and assume that's the first day the user began trading?
I agree bear markets can be trouble some. However, when there is a clear trend like we've seen from 13,000-11,200 it's very easy to make money, even if you just short the index.
However, the trouble i'm referring to is the last few trading days. market has no direction really. Wants to bounce, but won't. Wants to fall, but waits late in the day to make it's final move and the next morning takes those points away. Just frustrated that's all
However, the trouble i'm referring to is the last few trading days. market has no direction really. Wants to bounce, but won't. Wants to fall, but waits late in the day to make it's final move and the next morning takes those points away. Just frustrated that's all
Quote from matgallis:
I agree bear markets can be trouble some. However, when there is a clear trend like we've seen from 13,000-11,200 it's very easy to make money, even if you just short the index.
However, the trouble i'm referring to is the last few trading days. market has no direction really. Wants to bounce, but won't. Wants to fall, but waits late in the day to make it's final move and the next morning takes those points away. Just frustrated that's all
im with you on this one, made out good before 4th of July now im thinking of going cash or just putting straddles on with tailing stops and see how i make out.
Quote from matgallis:
Ugh the last few days have been difficult. In and out of trades that appeared initially good then failed by the end of the day. This week has been whip-sawing me around and forced me to go mostly cash. I honestly feel 50/50 chance tomorrow could be +300 or -300. Lack of direction is killing me!
CASH is always a valid trade.
Quote from matgallis:
Ugh the last few days have been difficult. In and out of trades that appeared initially good then failed by the end of the day. This week has been whip-sawing me around and forced me to go mostly cash. I honestly feel 50/50 chance tomorrow could be +300 or -300. Lack of direction is killing me!
take a holiday