You Name It... The Models Time It..

tradingjournals · Dec 10, 2013

Quote from NoDoji:

Day traders ...; the triangle breakout had no fuel to break the intraday range.

Why did they trade it then? Who took the other side of their trades?

drownpruf · Dec 10, 2013

Quote from drownpruf:

Long is wrong into today's close, and you're down on marks (5-10 cents). The NDX tape closed poorly and is a short. NDX loses 15 tomorrow.

Flat NQ on budget agreement.

tradingjournals · Dec 10, 2013

I knew that when a majority agrees on something related to markets, it means it is usually wrong.

It did not take long, even if the market was closed.

NoDoji · Dec 10, 2013

Quote from tradingjournals:

Why did they trade it then? Who took the other side of their trades?

Why would day traders buy around 3pm? Because at that point in time the price action indicated price was far more likely to revisit the previous highs than to test the low.

I have no idea how to find out who took the other side of their trades.

Quote from tradingjournals:

I knew that when a majority agrees on something related to markets, it means it is usually wrong.

It did not take long, even if the market was closed.

I'm pretty sure that the majority of traders believe the NQ is going higher, and this belief causes them to buy. If you bought at 3pm today, you're currently profitable.

drownpruf · Dec 10, 2013

Quote from NoDoji:

If you bought at 3pm today, you're currently profitable.

Oh please. Your excuse was that it was a day-trade, and then when Congress agrees on a budget deal AH it becomes a swing trade. So much BS on this site.

bwolinsky · Dec 10, 2013

Quote from drownpruf:

Oh please. You're taking credit bc Congress bailed out the call with a budget deal after hours.

You seem to be getting out of your trades too early.

NQ should be mid 33 nineties in the next 3-4 days, where I will reverse at break even on a short and go long if we close around there.

drownpruf · Dec 10, 2013

Quote from bwolinsky:

You seem to be getting out of your trades too early.

NQ should be mid 33 nineties in the next 3-4 days, where I will reverse at break even on a short and go long if we close around there.

Congress took me out at -1 on NQ, but I don't hold when macro goes against me. I will re-enter short tomorrow, in vola.

tradingjournals · Dec 10, 2013

When traders lose they typically say it is someone else who did it to them, and when they win they say it is them who did it.

It rather the opposite: If people win it is by chance, and if they lose it is probably by skill.

tradingjournals · Dec 10, 2013

Quote from bwolinsky:

You seem to be getting out of your trades too early.

NQ should be mid 33 nineties in the next 3-4 days, where I will reverse at break even on a short and go long if we close around there.

Too early? Didn't he do it in a closed market for both open and reverse/close?

As for your mid 33: I wish you well. Since you seem under water, I hope the market will not do the opposite of your wishes, but I sincerely wish for you that you win.

drownpruf · Dec 10, 2013

Quote from tradingjournals:

I knew that when a majority agrees on something related to markets, it means it is usually wrong.

It did not take long, even if the market was closed.

They're called futures, Genius.