Nice job. Followed the price action on RIMM and AAPL. EOD was so fucked up I didn't trade it. To those who did, I would like to know what you saw or your entry/exit triggers. I drummed my fingers for 45 minutes until it closed.
Tough Trading Today
- Thread starter flipflopper
- Start date
Nice job. Followed the price action on RIMM and AAPL. EOD was so fucked up I didn't trade it. To those who did, I would like to know what you saw or your entry/exit triggers. I drummed my fingers for 45 minutes until it closed.
I guess I am doing ok today...
here are my intraday trades for today...done in about 2 hrs and that's it.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=128522
My long-term portfolio is down about 0.3% for the day mainly due to POT, AGU, TCK and V...
here are my intraday trades for today...done in about 2 hrs and that's it.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=128522
My long-term portfolio is down about 0.3% for the day mainly due to POT, AGU, TCK and V...
The market has been trendy for day traders and he has done well. I would venture to guess that he is a short term trend follower.
The markets were again excellent today (Wednesday June 4 2008) as they usually are.
Looking at CL, the session's gyrations produced 39 micro gyrational 'legs' of minmum 15 points (bar close to bar close) and 10 macro 'legs' of minimum 45 points. Of those 10, 2 of them on the EIA stocks announcement were fast - 31 seconds up 130 and 2minutes 54 seconds down 215 points. If your usual operational reactions are somewhere in the slow-to-dead slow-to-paralysed zone then this is not for you; its for fast players who can be very fast depending on market pace. Now the mean average of those 10 'legs' was 123 points per 'leg'. Does that sound like a lot of money? It is.
So my message is that it is there for the taking every day for the few who have what it takes to be successful.
Looking at CL, the session's gyrations produced 39 micro gyrational 'legs' of minmum 15 points (bar close to bar close) and 10 macro 'legs' of minimum 45 points. Of those 10, 2 of them on the EIA stocks announcement were fast - 31 seconds up 130 and 2minutes 54 seconds down 215 points. If your usual operational reactions are somewhere in the slow-to-dead slow-to-paralysed zone then this is not for you; its for fast players who can be very fast depending on market pace. Now the mean average of those 10 'legs' was 123 points per 'leg'. Does that sound like a lot of money? It is.
So my message is that it is there for the taking every day for the few who have what it takes to be successful.
View stocks like JCP or CTAS just to name a few. Check last two to three days of 15 ' chart. That's opportunity. Not the best for swing, but great for intraday. Some of the best for trading. Check the resistance high and support lows on a 15 of JCP last 2 days. That's a dollar channel. Sweet.