Yeah. I still do...
Uneventful markets today
- Thread starter irniger
- Start date
Yeah. I still do...
it is because you didn't open your eyes.
futures / 15 feb day range / 16 feb day range / ave day range
NQ / 400 points / 300 points / ave 150 points
crude oil / 450 ticks / 500 ticks / ave 200 ticks
do I know you, if not let's keep it that way
If you don’t know what to trade today, maybe find another strategy? There are literally hundred of stonks that gap up or trending up everyday. Do you know how to scan for stonks to trade each day? What criteria you need to scan for those stonks?
In retro you are right - usually I wait for nice and longer waves to jump into - should have concentrated on smaller moves.
%%
WELL lets see, some stuff still going UP.
But FEB+ SEPT tends to be weakest month, some monthly charts red\down, 200 day moving average can be a clue.
SPY closed aboVe 200dma yesterday\ i like SH, SPXS,spxu more .Cut a loss on SPYG, smaller profits on SH[ SH=sorta like short SPY, non leveraged ETF].
There hasn't been any nice waves in months. Not in anything with significant volume anyways. A stock can go up 500% like ISPO today and the chart is still choppy. You don't see a bid stepping up or offer stepping down in anything anymore. It's all hide and squeeze/drop. You send an order the stock immediately goes the other way in response, because algos recognize non-algo order flow and are hoping to stop you out. They seem to adapt to the volatility of the moment better than last year. On March 9th 2020 I made 69 trades, batted 68.12% and had a 8.75 W/L ratio that day. That's an EV of 5.6147. Not sure that'll ever happen again the way the market makers are running the show in anything with liquidity today. Not even sure I can replicate my Jan 27th-Feb 19th performance of last year where during those 17 days I made 1960 trades with a 2.77 W/L ratio batting 39.38% which is an EV of +.484. The market is way too efficient for anything close to those numbers right now as a manual trader. Somebody decided to come into NVDA today at $245 and hold it up while the rest of the market dropped. Why? Because they know retail is trading it, because it has earnings and they can. They can hold a stock that does $20 billion in volume on the day up no problem whatsoever. They will hold it and go for every penny they can while the volume is there. I think they learned a lot from the meme stocks.