Talk about volatility
It's great when you bet with small risk - saves washing a load of underpants as well
J_S
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Talk about volatility
It's great when you bet with small risk - saves washing a load of underpants as well
J_S
Ok. I am on my phone and didn't zoom in.
That's funny how Vol widen during retracements.
That was a joke
Its the NYSE TICK index
http://www.investopedia.com/terms/t/tickindex.asp
Like everything, you need to get a feel for it and know what it can mean at times - not always, but most of the time.
Most look at the extremes...it can be good to short at high extremes, and good to go long at low extremes - BUT - you must tie it in with your other setup to make sure you don't jump the gun and get caught out if the market busts up, or down, which can easily happen!
J_S
Learned a good bit this evening watching the charts since bout 12 noon NY time - stuff is still coming back to me that I had forgotten!
Time to get rid of all the different charts, way too much info and only serves to confuse the situation.
I have it whittled down to 4 charts and 2 booktraders - everything else was just drawing my attention away from what I needed to be looking at - it really is amazing how stupid you get when you start looking and thinking too much.
It's easy see how a fortune is made trading - but as mentioned, it is all in the head - 99.99% mental conditioning - the trading bit is actually the easy bit!
J_S
Time to get rid of all the different charts, way too much info and only serves to confuse the situation.
I have it whittled down to 4 charts and 2 booktraders - everything else was just drawing my attention away from what I needed to be looking at - it really is amazing how stupid you get when you start looking and thinking too much.
It's easy see how a fortune is made trading - but as mentioned, it is all in the head - 99.99% mental conditioning - the trading bit is actually the easy bit!
J_S
You might think this is mad, but I need to start losing a bit
I am getting too cocky with all the winners lately, and I know only too well what that can bring - been there and done that.
Unless you are losing, as well as winning, you are not trading correctly and taking on too much risk.
Of course it is better to win, but without losers as well one will never master it - and that fortune will never be made, as all that will happen is that you will end up giving it all back to the likes of RN and H3 - but they ain't getting any of my money
J_S
I am getting too cocky with all the winners lately, and I know only too well what that can bring - been there and done that.
Unless you are losing, as well as winning, you are not trading correctly and taking on too much risk.
Of course it is better to win, but without losers as well one will never master it - and that fortune will never be made, as all that will happen is that you will end up giving it all back to the likes of RN and H3 - but they ain't getting any of my money
J_S
That was a joke
Its the NYSE TICK index
http://www.investopedia.com/terms/t/tickindex.asp
Like everything, you need to get a feel for it and know what it can mean at times - not always, but most of the time.
Most look at the extremes...it can be good to short at high extremes, and good to go long at low extremes - BUT - you must tie it in with your other setup to make sure you don't jump the gun and get caught out if the market busts up, or down, which can easily happen!
J_S
Han Oki ^^
Yeah Negative Vol ...
But who knows the formula ?!
True. Indicators works sometimes,
When the right conditions, or some hidden variables, are there.
Overnight ES I used Cumulative Volume Delta and faded extremes too.
Same here. Charts distract me more than help me.
I use three DOMs -> ES, NQ & YM. All that I need.
Plus a "Prop indicator", a little Excel RTD program.
Well ... Psychology has a lot to do with discretionary trading.
But a good psychology can do nothing with a bad system.
However a bad psychology can ruin a good system. True.
Haha. Don't complain about not losing.
Complain about being too cocky !
Time will come. No worry !
Yes, be ready !!!