Technically yes. However it's a bit more of a modified daytrade since my target is very close. When I swingtrade, I intend on holding sometimes several days etc.
Well, at what point do you a consider a daytrade "becoming something different?" I would think that if one holds past market-close, that is no longer a daytrade. I think people here would benefit by your definition of daytrading for the purposes of your positions in your journal.
Day trading involves trades that are initiated and exited during the same session. If the market doesn't reach where I want to get out using a market order, and it looks like it might in afterhours, then I announce that I will hold the position a bit. But the intention from the beginning is to initiate and exit in the same session. Market has jumped past my target here and I am out at 48.36 for positive .99
Market looks poised to continue quite a bit higher here but I'm out on the day trade. I still hold the "roll" trade and am underwater on that.
Yeah. So you are overnighting. You're like me. My overnight cave is open dude. It is pretty barren in here, but we need more folks like you to keep the place warm. I have an infinite-sized pile of kiln-cured hardwood to toss on the fire so peeps in the cave will not freeze to death.
Dude, I've been trading for 20 years. I've blown out "more" then a few times. All of them in the late 90's. PM your cell and your name and I'll send you whatever you want to see. Anything else huckleberry?
Thanks for the reply. I'm still curious about how the stats stack up for trading via fundamentals. If its true that whatever I read about oil is peanuts compared to the real fundamentals as bone points out, then this is fine, but I still want to know how this helps you make trading decisions and what the outcomes of those trades are. Given how many different pieces of information bone said he has to comb through, it would be the equivalent of looking over the 500 companies in the S&P index and using this to gauge where the ES is headed in the next week or month. Its simply too much data, and you're still probably going to be just as wrong as you are right. So what is the holy grail with fundamental analysis in reference to trading oil?
There is no holy grail. Nobody is saying that. The whole purpose of trading anything whether it's bitcoin or baseball cards is to be able to sift through large amounts of data and extract a signal from the noise. The problem with prompt month energy anything is that it's mostly noise and little signal. Further out in the curve there is less noise and more signal. That's it. Do you still need to understand statistical analysis? Of course. Is it easy? Nothing is easy. And forgive me if neither Bone nor myself want to walk you through something we have spent thousands of hours analyzing. I'm generous, but not that generous. Want to know what the grail is. Really hard fucking work. Promise me you won't share that with anyone. I would hate for the rest of ET to figure that out.