this market

Quote from Magna:

I noticed the same. There are a few people at ET that can do no wrong, that never seem to have down-days or down-weeks, or heaven forbid a down-month, etc. If it's true and they're really über-traders all the time then more power to them. But I've learned to take many things people say here with a grain, make that a large dose, of salt....
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What's a down day?

nitro
 
Quote from corvus:



For what it is worth, I have been in Raschke's chatroom for about a week now, and she was long at 828.5 saying she "felt this move down on news spike was false". Got out half at +2 and rode the rest up to the top. But the funny thing was she was expecting more upside for the rest of the day, and she ended up letting the other half of the position slide back down to 833.5 before stopping out...uh, I would have gotten out after a 3-point trail was hit at 839.75 and reentered if it took off again, maybe it's different trading SP though. Point is, she bought very close to the bottom there...though, notably, it isn't really her style to pick bottoms on news events.
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Thanks, I'm surprised Linda didn't see the divergence on the bar that took it to 842. At least I got out near the top. 5-6 pts. on the 17 pt. move is very reasonable. Unfortunately for me, I only had 1/6 of my size on for the up move. After yesterday being an inside day I was looking for a bigger one way move. Didn't realize the main show would be over by 11.
 
Quote from dbphoenix:

...Not trying to start anything; just wondering why so many people complain about "the market".

--Db
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Be careful,

They are watching people like you based on their comments in this thread :D

I forgot the dictionary term for people that make comments like that...

maybe someone else can help me out with a word (english, french or portuguese)...not too derrogatory...to explain traders like that?

Db...I'm just poking fun of the situation. :eek:

Good night and I'm still enjoying your thread:

http://www.elitetrader.com/vb/showthread.php?threadid=11410

NihabaAshi
 
Quote from cornholetrading:



Well I don't know if you have traded NYSE stocks before because I know some futures traders who never have, but stocks are not as liquid as the futures are. It is entirely possible to have a NYSE stock gap against you a large amount without any shares being traded or without the ability to get out of the stock because the specialist is moving the stock without filling any size orders. Then it is up to you to decide how to manage it. You can wait and pray for a bounce to lessen the loss. But what if that move was the pause before they gap it down again for an even bigger loser. Of course taking a big loser was not in my plan, but sometimes it comes with the territory to trading stocks where liquidity can disappear without a lot of warning.
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I haven't traded stocks for a couple of years, but a few questions come to mind: what is the relationship between gaps and market cap, what is the relationship between gaps and liquidity, what is the relationship between gaps and holding period?

--Db
 
Quote from NihabaAshi:



I trade the Eminis...it's been one of the most profitable weeks of 2003...and there's still one more trading day remaining.

NihabaAshi
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I agree. Its been great. This volatility and the intraday trends have been beauties.

Jay
 
Quote from buff:

I've never traded the E-mini's and really know very little about them. For those who do trade them regularly what minimum account size do you suggest and what trading platform are you using?
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I'd say ten grand. Stick to single contracts until you are making money, or you will burn through that ten k pretty quick.

I use IB's TWS for a trading platform as do many in this forum.

jay
 
Quote from Jayford:



I'd say ten grand. Stick to single contracts until you are making money, or you will burn through that ten k pretty quick.

I use IB's TWS for a trading platform as do many in this forum.

jay
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Jay, thanks for the info.
 
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