11 replies to this topic

[atlasshrugged]

Shorted the NAZ top, bought close to the bottom, sold to flat at close. Why traders get over focused in one direction, ignoring lots of possible profits-is beyond me. Why anyone sees virtue in holding this market ovenight escapes me as well. TRADERS get paid more than bulls-or bears.

caught the very high tick an the very low tic???

[thespookyone]

Shorted the NAZ top, bought close to the bottom, sold to flat at close. Why traders get over focused in one direction, ignoring lots of possible profits-is beyond me. Why anyone sees virtue in holding this market ovenight escapes me as well. TRADERS get paid more than bulls-or bears.

caught the very high tick an the very low tic???

Nope, a lot closer today than usual, just worked out well. I never catch THE top or bottom, because I wait for what I consider a turn taking place. I'm mostly daytrading options, and have a few tells when I'm looking for turns. My point was that this is NOT a true trending market, and is too rangebound for me to hold overnight. Some folks don't consider CASH a position-I do. My position coming in allowed me to take advantage of the high volitilaty of this market. When I start trading in the morning, I will be up or down nothing, with all my funds available to trade. If the market was trending, I'd also add short term swings.