I agree. Of course me and most Police/Sheriff's Dept.'s in the country are a bit worried about the possible riots too.ymmv
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
What a freaky market, about ready to go insane
- Thread starter Aaron Copland
- Start date
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.
Yesterdays close 491 points in 11 minutes.
Attachments
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.
Your brutal honesty will increase your odds of being long term net positive, with permanent gains, compared to those bathing in hubris.
You're well on your way.
yeah that was absurd :eek:
breaking to new highs, then double top and 400+ drop
breaking to new highs, then double top and 400+ drop
Quote from stock_trad3r:
Anyway, this pattern is very similar to Monday: a strong open, a steady selloff to break even, followed by a HUGE rally in the final 2 hours of trading where the dow gains 5%.
Yup up we go again. Time for a 2 hour rally till the closing bell. Dow close up 3% ..5%..8%??? The momentum is not over. The funds are pouring tons of money into the market after all the 401K losers sold in fear during the last three weeks. Huge short positions taken out last week by hedge funds are being forced to cover. These guys were betting on a retest of October 10th following dire econ news. They ere wrong.
Some my friends are asking me if they should sell (because they see that I spend a lot of time following the market). I tell them to do nothing and invest in large cap tech and or an ETF such as QQQQ or DIA. Or a combination of QQQQ and EWZ. It really doesn't matter since everything will go up.
Dow 12K soon, then a steady rally to 14,000. So far the recovery is beginning to resemble a 'v'. This does not come as a surprise to me.
this type of market is great for some and not for others.Some do better with hi volatility and others with lo volatility.Just sit it out and use patience.Today i have not seen any good set ups in the dow stocks i trade so i havent traded today.
MArket is more stable today but the last hour could be crazy.
MArket is more stable today but the last hour could be crazy.
there is a chance the market will be thin and whippy for a while.
I suspect a lot of the reversion to the mean guys are out of business. So all the arbing between markets based on selling here and buying over there are gone.
Plus the ones still in business are not going to be allowed the same leverage for a long time.
I might be off my rocker but the es and zb seem to very different markets. reminds me of the naz 100 and the qqq when it first came out. I love it.
I suspect a lot of the reversion to the mean guys are out of business. So all the arbing between markets based on selling here and buying over there are gone.
Plus the ones still in business are not going to be allowed the same leverage for a long time.
I might be off my rocker but the es and zb seem to very different markets. reminds me of the naz 100 and the qqq when it first came out. I love it.
We're in permanent rally mode. Feb 2003 all over again.