8 replies to this topic

[CLK]

The daily polls seem to have people voting that IT and swing trade mostly and doesn't really have

any bearing on what is expected the day of the vote. I think they just reiterate what their position is,

which is mostly long, no matter if the market is going up or down. I wish there was a poll that was just

for day traders only.

[saltlake]

Start one

[Rich C]

The daily polls seem to have people voting that IT and swing trade mostly and doesn't really have

any bearing on what is expected the day of the vote. I think they just reiterate what their position is,

which is mostly long, no matter if the market is going up or down. I wish there was a poll that was just

for day traders only.

I (swing trader) usually vote in the daily poll and your characterization of my voting record is true.  Since the record high in late Jan. I have been flat and bearish at times.  

[OEXCHAOS]

The daily polls seem to have people voting that IT and swing trade mostly and doesn't really have

any bearing on what is expected the day of the vote. I think they just reiterate what their position is,

which is mostly long, no matter if the market is going up or down. I wish there was a poll that was just

for day traders only.

 

I think you can create polls. If you will post it daily and set parameters, I'll pin and set close times.

 

Mark

[EntropyModel]

The daily polls seem to have people voting that IT and swing trade mostly and doesn't really have

any bearing on what is expected the day of the vote. I think they just reiterate what their position is,

which is mostly long, no matter if the market is going up or down. I wish there was a poll that was just

for day traders only.

 

Doesn't the question on poll 'what is your opinion for tomorrow' cover that?

Day traders by definition don't hold overnight, and change positions often during day, so not sure how to poll that usefully.

[TradeMark]

I vote in the daily poll based on what my position currently is (after the close) and what my indicators tell me to expect of the next day.  Though I think of myself as a day trader, I often hold overnight because many of the gains (and losses) essentially happen overnight (gaps up and down).  I really don't like to hold overnight and sometimes get burned due to the gaps but have not found a good solution. 

 

TM

[CLK]

 

The daily polls seem to have people voting that IT and swing trade mostly and doesn't really have

any bearing on what is expected the day of the vote. I think they just reiterate what their position is,

which is mostly long, no matter if the market is going up or down. I wish there was a poll that was just

for day traders only.

 

Doesn't the question on poll 'what is your opinion for tomorrow' cover that?

Day traders by definition don't hold overnight, and change positions often during day, so not sure how to poll that usefully.

 

 

 

Yes, it probably does, though a lot of times the poll is net long but bearish for tomorrow, so I don't know how much weight to 

give it. It just seems like there is hardly a heavy leaning on the short side even in front of big down days, which tells me that

people are biased long until maybe a 50/200 crossover turns them bearish.

[Rich C]

 

 

The daily polls seem to have people voting that IT and swing trade mostly and doesn't really have

any bearing on what is expected the day of the vote. I think they just reiterate what their position is,

which is mostly long, no matter if the market is going up or down. I wish there was a poll that was just

for day traders only.

 

Doesn't the question on poll 'what is your opinion for tomorrow' cover that?

Day traders by definition don't hold overnight, and change positions often during day, so not sure how to poll that usefully.

 

 

 

Yes, it probably does, though a lot of times the poll is net long but bearish for tomorrow, so I don't know how much weight to 

give it. It just seems like there is hardly a heavy leaning on the short side even in front of big down days, which tells me that

people are biased long until maybe a 50/200 crossover turns them bearish.

 

That does not describe what I do.  I use technical indicators RSI and MACD, the chart pattern, economic data being released, and geo-political events, and as a backdrop I use a monthly look at the long term indicators to tell if we are in a bull market or a bear market.  Even though I'm a swing trader, I have sold out of the market 3 times since late Jan.  All of my weekly updates are posted, as well as all the monthlies, wordpress has done a good job with that.

[OEXCHAOS]

This crew is really rather good at picking tops and bottoms.