WHY do you continue to trade a market that you KNOW is manipulated? If I though it were a rigged market I would tak my money and go home. I really cant believe this is what u think . good luck jim
i am not usually this forward, but you are a fool. please don't cry because you used stops. stops lose you money -bottom line. there are ECN spikes - always has been and always will be. if you have a stop expect to at least once in your life get spiked-out. -krazy
You haven't been trading very long if you think that was manipulation. Typical volatility following the Fed. And exactly how do all those specialists get together and KNOW beforehand #1 what the Fed will do and #2 how the market will react. Trade what you see not what you think.
Nice job, Optiontrader always blame your failed uneducated decisions on a conspiracy. Why would the market sell off on a proper thoughtful decision by the fed. The current inflationary pressure is being caused by external forces, not money supply. They can't do anything about it, so why would they try.
Not likely....we, for example, teach our people to "ladder" the Fed announcements, since they almost always do a couple of reversals....I had offers from 1284 - 1286.60 filled on the short side (e's), and had buys from 1279 down to 1277,,,,and all were filled. We do the same thing on many stocks.... Specialists may ride a similar wave...but there is no conspiracy when everyone knows what is going to happen (most of the time). IMO, Don
Don, With all due respect, this education that "everyone" has is very costly. And even experienced traders have to experience & get burnt in many scenarios before he's in the "everyone" group--unless he's forewarned--thank you ET for whenever that happens.
It just amazes me that people never learn. Trading news (without prior inside info) is pure gambling. At least in casino you get free drinks and hot (hopefully) waitresses. redduke
trading the news after its released is not gambling any more than almost any other trading technique. Trading before its released, well, I agree thats quite a bit riskier. I didn't have the gall to make a position ahead of the fed announcement -- I waited until after, then got whacked both ways. I incorrectly assumed the day would have at least trended strongly in one direction. Once you missed the downspike, the only way you would've made money is going long. So regardless if you had shorted it, the odds are that you may not have sold in time before the 2nd reversal. Long would've won if you held overnight and waited for international markets to rally up ES and NQ.