11 replies to this topic

[atlasshrugged]

We all rub off on each other. I'm influenced by Nav and Semi, too. I've learned from them both over the years. The sentiment thing, however, I get to take full credit for.

That I learned the hard way.

Over years.

Thanks for the kind words, guys.

Mark

i do pretty well trading stocks but for some reason I have a hard time with index futures...

its killing me!

It's tricky. Watch for what you want to do and think about whether others might be thinking the same thing. If so, and it's not a really powerful set up, it's probably a fade.

The self-fade can be a good tool. Sometimes known as the barf indicator. Volume, however seems to be the one that keeps me out of trades that don't work out.

Mark

i like your barf analogy...for me i will call it the "choke" indicator! For instance on friday I said that i would short on strength to es 1463-64 and let ride to see if it hits your 1443 target! Well when I saw the naz WAY higher than expected this morning it kept me from pulling the trigger on the ES...which turned out to be a great trade as it immediatlly went to your 1443 target...basically I choked under fire...I suck!

[zedor]

Volume target hit (bagged and tagged) and the market reversed hard. Alas, I was in multiple meetings and missed my shot. It was a pretty set up, though.

From our late alert Friday:

"Downside over the coming days, if this thing gets in trouble, could be ES1443 and even down to near 140000"

I figured we'd see a defiance rally late today and tomorrow.

Mark

In these volatile periods one who trades should only do so in my view who can watch the market during normal trading hours all the time with at most bathroom breaks. I have a large monitor with live data charts that I can see from anywhere in my office and the toilet too :-)



One thing such points out, that one has to be in a time zone that is not US eastern as being in US Eastern makes any other normal activity during market hours near impossible. On the west coast market is done by 1:15pm so one can have all the meetings they want in the afternoon. Or in Europe you can have all the meetings in the morning until 330pm.



But trading and running a business on Eastern time is hard.