Personally, I'm glad it happened. The indices were just suspended up there while the entire XBD was getting dragged down by sloooow market drift....
I think you're overthinking it. It's exceedingly hard to profit from macro observations such as that. Just focus on single issues.
I use volatility all the time in my trading. An example would be GS. Thursday and Friday, the pivot range was .02 wide (the lowest of the past...
Thanks for all these responses. I think a lot of the confusion flows from the fact that most people have had some interaction with the market at...
So, when hanging out with some aquaintences this evening, the convo inevitably turns to what everyone does for a living. I told them that I...
Your aggression makes me think you've been getting your butt kicked and that it's *you* who can't pay your bills. The respondents to this thread...
I could not agree more with the below post. The surest way to give back a great day is to come in tomorrow thinking it's easy/you *get* it/or that...
It's all I've ever wanted to do. My intuition has always been my greatest strength. I think this came as a result of a rocky childhood, which led...
SOLD! Imbecile.
Now, today is a suckers rally if I've ever seen one.
I'm too busy trading to post calls. Why aren't you?
What's so hard about predicting that a market that rallied and retraced will close at near the same level it was at 1 hr before the close?...
I tend to position trade intraday. So, yes I agree. Scalping is a losers game in this market - pretty much impossible to make money consistently...
95% of short term trading is gut feel - the ability to consistenstly and correctly intuit probabilities. I'm not amazing at arithmetic myself,...
Stay as far away from Chimera as possible. Chimera is it's own trading group, unlike Prestige which houses many groups. Needless to say, Chimera...
I think it's safe to say, then, that we are in agreement that one cannot trade spread or arb opportunities unless you have enough money (and...
I've read your posts throughout this thread. You are VERY knowledgeable about prop trading. So much so that I'd urge other readers to read between...
So, my computer crashed last night and I was on the phone with www.GeekSquad.com They charge $99 to help you over the phone and $229 to visit...
There's an inherent conflict here. To enter trading with your own money, you need a cushion. But, you also shouldn't have too many obligations...
What are you defining as the peak? The heart of the move or the end of it?
Separate names with a comma.