Quote from Hydroblunt:
I made a concious attempt to trade during the extreme moves to see if there is any real opportunity. Net, I walked away giving away profits, but more importantly, I did not like the action and the fact that even on a positive trade, it felt more like gambling because it was just too erratic. Herd hysteria, mostly led by daytraders. There is also the issue that market mechanics are different now than before.
There are profits that can be taken which are much larger & much faster than during "normal" market environment. But that requires a significant amount of risk. What most here tend to forget is that just because you take the risk, does not mean you reap the reward.
IOW, because YOU were unable to trade these recent market moves successfully, you then ASSume no one can. And when anyone who makes a factual statement that they are indeed tradable, you dismiss it as "idiotic shit." When called out on this, your only defense is one of delusional outbursts of how only lucky "noobies" would believe these markets can be traded while practicing acceptable risk management. When pushed further on that nonsensical blather, the best you could muster was verbal diarrhea of how the markets are erratic due to day traders, hedge funds, greed, fear, panic, yadda, yadda, yadda, and then liken it to gambling followed by juvenile schoolyard taunts. I appreciate you clearing your myopic views up for us, as I have no idea whether you are a "noobie or not, but it's quite obvious you are a clueless amateur.
There is nothing wrong with someone expressing their views that they are unable to trade in certain market environments. That shows the trader understands and accepts their limitations. But multiple postings of how "this markets suck, this is a fools market, no one can make money in this market, etc., etc.", only exposes the poster as either someone who was raised to believe "there are no losers" or someone who is simply a incompetent wuss. Saying no one can trade a certain style because you were not able to do so comes across as your being both, in addition to exposing yourself as a foolish imbecile.
The recent market activity is indeed a traders dream environment. If you are not adept at this style of intraday action, don't ASSume everyone else isn't as well based on YOUR experience. And yes ,I have indeed caught most of the "whipsaw" swings as you like to call them, risking no more than in any other other market conditions. I'm quite sure a few other traders who post here have done so as well. If risking a maximum of 3 points for these 10-20-30 point ES runs is not acceptable risk management per your definition, you should find another avenue other than the markets for your investment strategies.
That said, I have nothing to prove to you or anyone else. But anyone making dim-witted accusations such as yours, rest assured, I'll be calling on them to explain themselves as well.
st