Yawn

Quote from easyrider:

Volatility is cyclic. You have fast days and slow days. Get used to it.

p.s. Eur had a hundred point move today.
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Sure, I agree, but I have been suprised by the slow volat in my stocks, compared to the ok volat in the futs...
Trading stocks is about entering/exiting with an edge... I would have had better results if I had taken positions on the futs rather than on the stocks, so IMO, there was no edge today...

Chris
 
Quote from easyrider:


p.s. Eur had a hundred point move today.
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180 points actually, just about straight up from 8:30.

But yeah, if stocks make you snooze, just punch up some currencies -- you coulda doubled (or blown out) your account today with one well timed trade this am, give it a shot :)
 
Quote from Grob109:

Three Q's if I may:

1. Do you use a filter to get universe?

2. Was there better corrolation on EPS or RS ratings?

3. what is H/L range on float volumes on the long postitions?

If this to personal vis a vis strategies, I understand.
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1. I have a few stocks I watch, I also try to trade some news and I use a point/percentage gain/loss filter

2. The stock looked overbought and gapped up twice. I do not know why EPS or RS would have anything to do with it on an intraday basis. That was not my mistake.

3. I'm not sure where to check that.

My lesson about that trade is not to short 52 week high stocks that have been strong for the last few months. I've been doing the overbought/oversold strategy for a month so I'm still getting used to it. FO looked strongly overbought but as the futures starting skyrocketing, he start jumping on low volume. By the time the high volume confirmation came in (short covers) I was trying to get out. Thats where the fun of specialist abuse and slippage came in, costing me an extra 20-25 cents. Oh yeah, I somehow ended up being long since I ended up double covering right at the intermediate top. A market order was canceled and then came back to me. Ridiculous.

I had one nice trade in the morning where I clipped like 45 cents with 1000 shares. Should have just went home. But I made myself stay cause gotta learn.
Other than the FO disaster, everything else was measly 3-10 cent crap. I'm trading less and less everyday, whether it's a good day or a bad day. There is just so little going on.
 
I'm tellin ya, it's the freakin computer trading.

All the action is in BS stocks like MAMA. Pure manip, momo, nonsense.
 
Gamma is lighten up, options have been slow, fills were light the last few days, With X tommorrow, could see range bound stuff as options are expiring......also a lot of conflicting News reports and mixed numbers....... So you cant expect much, a lot of confusion out there,,,,not fear.........hence moves like the past day or two.

MU kicks off the earnings season, This is a key quarter as will be next earnings season, with PPI showing inflation, FOMC calling no raise and FED FUNDS predicting no move on next Meeting, as well as no real change in Employment numbers....

I would say, get ready for a very very slow market for at least this next quarter, maby two......

Daytraders will drop like houseflies in the next 4 to 8 months..
 
to follow up, I expect to see less and less scrubs posting as the next two quarters wrap up.......

but im sure we will see more post from Bright Trading on how well DAYTRADERS in US equities are doing, LOL
 
I hear ya, last two weeks have been really slow for me too. I'm almost flat during these two weeks of trading.


Quote from Mecro:

Nope,

The futures spike up gave me a huge loss as my short position (already not so great) went heavily against me while the long positions barely moved. What a great day.

Not going in tomorrow, I can sleep at home. Plus it will be more productive since I won't lose anything.

I have not traded more than 20k shares a day in over a week.
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Quote from Mecro:

1. I have a few stocks I watch, I also try to trade some news and I use a point/percentage gain/loss filter

2. The stock looked overbought and gapped up twice. I do not know why EPS or RS would have anything to do with it on an intraday basis. That was not my mistake.

3. I'm not sure where to check that.

My lesson about that trade is not to short 52 week high stocks that have been strong for the last few months. I've been doing the overbought/oversold strategy for a month so I'm still getting used to it. FO looked strongly overbought but as the futures starting skyrocketing, he start jumping on low volume. By the time the high volume confirmation came in (short covers) I was trying to get out. Thats where the fun of specialist abuse and slippage came in, costing me an extra 20-25 cents. Oh yeah, I somehow ended up being long since I ended up double covering right at the intermediate top. A market order was canceled and then came back to me. Ridiculous.

I had one nice trade in the morning where I clipped like 45 cents with 1000 shares. Should have just went home. But I made myself stay cause gotta learn.
Other than the FO disaster, everything else was measly 3-10 cent crap. I'm trading less and less everyday, whether it's a good day or a bad day. There is just so little going on.
More...

thanks so much. Sorry if my query suggested that you my have been making a mistake, Certainly not my intention. The results you got really peaked my attention.

Keeping a smaller float, for me, is a way to keep volatility up.
 
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