Traders...immune to recession?

Quote from bespoke:

I fear lack of volatility too.

And many stocks which I used to trade I can no longer because they turned into garbage penny (sub $5) with 10 cent ranges with huge bid/ask sizes. A lot less 50+ dollar stocks these days and a lot more F/SIRI/S/AMD type of stocks. So instead of monitoring 1000+ plus tradeable stocks, I'm down to 500ish for my intraday stuff.
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Your whole account is down too though.
 
trader accounts are insured by FDIC arnt they?

maybe its becoming more of a scalpers market? if bid/ask is larger then their is more room to profit from the spread...
 
Quote from spanish89:

why dont you trade futures instead of equitiy stocks?? :eek: :confused:
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Cause all the people I know that make real good money trade equities. Much less efficient. And why don't you pay taxes? Even a mexican lawn mower pays his taxes on income earned.

Quote from snowhite:

Your whole account is down too though.
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But as a day trader with basically unlimited BP it doesn't matter. Having more stocks to trade = more trading opportunities = more money.

Quote from cashmoney69:


maybe its becoming more of a scalpers market? if bid/ask is larger then their is more room to profit from the spread...
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I'm a scalper too but I prefer more expensive stocks though I know guys who scalp those slow moving stocks like F and do well (or at least used to). A review of all trades done in the past year (10000+ trades) showed that my profit factor and efficiency (cents/share) go up with higher price stocks by considerable amounts. For example, 5+ profit factor with stocks over 70 dollars. Too bad there isn't that many left....
 
trader accounts are insured by FDIC arnt they?
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no


What does the FDIC do?
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for up to $250,000 (through December 31, 2009); by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
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http://www.fdic.gov/help/faq.html
 
brandon - yup, i know (about bear markets killing volatility) - i've studied the 30s, and the late 70s, and i'm patterning my longer term thoughts on a hybrid of the two.

although '08 was wonderful for me, and 09 is shaping up fine so far, that's my paranoia.

then again, i control my destiny. if lack of vol. rules the day, i'll just change strategies to account for that. won't be as nice as my strategies now, but i'll do what needs to be done.
 
Quote from cashmoney69:

A trader can make money in any market... givin that "fact"... we dont have employees, inventory, offices (most dont)...we trade from home and pull in money on a daily basis....are traders really feeling the pain that other people are?

I would think "no".
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Most traders lose money on any market conditions.

So there is a perennial recession for them.
:p
 
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