What a freaky market, about ready to go insane

We are rallying as companies are laying off people by the bunches, initiating hiring freezes, and cutting their outlooks. How about all the people losing their homes or the auto manufacturers about to under and the uncertainty in our financial system?

IT DOESN'T MATTER, EVERYTHING IS GREAT..... BUY BUY BUY!!! - Stock_Turder
 
I was tired of the choppiness so I sat on an ES Buy@ 935 , I almost closed it and sold as the support was getting tested but somehow I manged to stick until the final push and sold @955.

I'd rather have bigger swings and bigger volatility than the smaller choppiness which is a pain.

It is much easier to grab the bigger moves and let it ride.
 
Quote from KingZardoz:

I don't think the issue is risk since he is trading 100 shares. The issue is "quick whips with no retrace what so ever."



Honestly, this market is challenging me as well. Breakeven, losing, and non-trading days have become more frequent. Some would say that makes me a bad trader, fine I am a terrible trader. All I know is I was doing great before the shit hit the fan (short ban day) and now I am just getting by, but I am adapting and getting better with each day.

Maybe this type of market favors a certain style of trader. Possibly breakout traders?

Aaron if you look on the 100 tick chart of the YM you will notice alot of the large moves have micro pullbacks. Don't know if that helps.

Adapt of take a break I guess.
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this kind of reminds me of tech consulting contracting in the late 1990s

good bread and butter money for a strong player to be had

then, starting in 1999 and afterward, the risk (for a variety of reasons i wont go into) became uncontrolable. playing the same game you played just a short time before could get you killed.

lots of people like to beat their chests and say 'I can adapt!', but i think true pros know their limits

one in 2 thousand (at least) probability events, occurring twice in one week (limit down (friday), 2nd highest gain ever (tuesday))
 
Quote from Ivanovich:

Himself. Every post he makes is dumber than the previous one. I thought he couldn't get any worse, but that was a year ago. Since then he, like the market, has continued to make new lows.
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since you have some control here on the boards why dont you block his ip address and ban him?He's a spammer.I dont know why you or who ever owns this site allows crap like that on here.He obviously degrades the site significantly.Do something about it already.
 
Quote from Aaron Copland:

I'm about ready to quit trading, I'm fed up with these 500 point moves in the Dow in less than ten minutes.

Saying that we must be close to an end to these violent moves. I have had enough.

And the overnight moves like last night give me a break. I'm to old for this.
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Don't get sad, start trading DOW futures at 3:55PM :D
 
Quote from MrDODGE:

We are rallying as companies are laying off people by the bunches, initiating hiring freezes, and cutting their outlooks. How about all the people losing their homes or the auto manufacturers about to under and the uncertainty in our financial system?

IT DOESN'T MATTER, EVERYTHING IS GREAT..... BUY BUY BUY!!! - Stock_Turder
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Companies laying off people. But only a FEW sectors are downsizing. Auto, and financial mainly. But other sectors such as tech, energy, commodity, and multinational aren't. Thats why unemployment is only 6% and won't rise more than 8%.

Some people are losing their homes, but defaults are only a tiny percentage of total home ownership. It's not a big deal.

Those who don't like my posts can always put me on ignore.

or you can join one of those 'private' trading forums where there's only one or two posts in a single day lol. Those who know the holy grail to trading aren't going to disclose it on a public forum anyway
 
Quote from Aaron Copland:

I'm about ready to quit trading, I'm fed up with these 500 point moves in the Dow in less than ten minutes.

Saying that we must be close to an end to these violent moves. I have had enough.

And the overnight moves like last night give me a break. I'm to old for this.
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The market is untradable for me at the moment. Huge range per bar is sometimes indicative of a changing point (top or bottom) in the markets. In the present case, the market is sending us a message, and the message is: "YIKES!."
 
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