LOL! Wow that is the most confused I have been in a loooong time I'm saying to myslf -- wow this kid is a moron, yeah I think I will let him know as much, then I scroll down and bam theres my post and I'm thinking wait a second I don't remember posting to ET today -- WTF someone figured out my password and is posting for me? AHAHAHHAHAHA Danny-Boy you are a funny cat!
Lexr was good for about $1 on a bounce, turns out that it was. http://www.elitetrader.com/vb/showthread.php?s=&postid=447996#post447996 The irony is who posted next on that thread. Honestly, you must be a pretty good trader though as I have been trading for a while now and have tried most markets and NYSE listed stocks I have not had much success with.
Thanks for sharing. I'm glad I'm not the only one. The last month has been terrible. I've reduced my size to one third normal so I don't bleed as quickly. I play naz and listed stocks and they both suck now. There is no volume or momentum. I went for a walk on the beach. It was terrible weather. I saw some ducks just sitting there, hunkered down against the wind and cold. They're smart. They wait for low tide and calmer weather before they hunt for food. Their patience pays them with survival. And then I asked myself, " What the hell am I doing out here in this terrible weather looking at ducks?" There are times when the best action is inaction.
I'm fully coming the to the conclusion that NYSE simply sucks. It just does not add up if you consider the bad times with the good times. When volume is good and strong, NYSE stocks are easier to read and easier to play. Trends, reversals, retracements, everything works fine and whatever does not work, you can make up for. Slippage is not too bad, fills are more reasonable, in general the specialist abuses are acceptable. But once we hit the crappy times, even closing a winning position becomes a problem. I'm sick of having to accept this ridiculous slippage if NX is not available. It's not like it happens once in a while, I've had a fill issue almost everyday since February. It really adds up and when you stack against the bad days and the overall tough market. I cannot wait around for it to get better, I refuse to accept that I have to take these hits on bad days and struggling to keep my profit goals on the "good" days. Fuck NYSE and their specialists. While I do believe in the specialist system, the scumbags that they have working the floor completely destroy any benefits of that system. I've been cutting size, exercising great patience and discipline and it's has come past that. I traded way below my average volume today, did not start averaging down, did not start taking big size cowboy trades, did not churn and cut my losses. I still took hits, could not close out most of my winning trades well and got jerked around left and right. Just how much more adjusting can one do besides getting in bed with one of these scumbags. Stupid me, I forced myself to come trade today even though I knew volume would be light. That's ok, I thought, I need to face these tough times and teach myself how to get through them. Great fucking lesson that turned out to be. Almost 1k worth. I can't even go out, I'm in such a bad mood. At least I'll save some cash. Time to roll a fat blunt and get stoned. Thank You and Good Night!!!
Each to his own of course. I stick to the DOW index futures. A cornucopia of 'goodies' for me and I'm sure for others. Just one instrument .. one market. The KISS principle. Chasing about in different stocks would not give me anything like the concentrated research knowledge I have with just the DOW. But if playing stocks works for you then as I said - each to his own.