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Freak this market

  1. This grind is not for me. No direction what so ever. My brokers is getting rich not me. Churn churn churn going no were.
     
  2. Don't worry, your broker doesn't make a dime on your paper trading.
     
  3. dont you have a wife or girlfriend you could complain to rather than us?
     

  4. STFU
     
  5. I suggest a good sharp cheddar with that whine.
     
  6. Instead of complaining, why not:

    A) Find a different market to trade when this one is slow.

    B) Work on a new strategy to profit from this type of market.
     
  7. I have a great strategy, do nothing. Wait for some direction. As far a trading another market I do have a long position in USDCHF and will add to it on dips.

    Stocks index futures, not right now. Commodities a little to leggy for me.

    You guys have at the index futures, good luck.
     
  8. grind? spare me.

    imo, this is a great trading market. *if* you have methodologies that work in this kind of market.

    if your trading is limited to ONLY being able to trade one character of market, then yes it sucks. but there is immense profit potential out there in the dow if you have robust methodology.

    i am more concerned with the market offering good risk:reward trade opp's , personally, and this market is a DREAM imo.

    stop complaining and either work on developing an edge in this type of market OR seek out others (commodities, whatever) that suit your narrow methodology, or sit on your hands and protect capital
     
  9. Isn't the market usually flopping around? The best strategy - with VERY small positions, using indexes - buy weakness SLOWLY, scale out into strength. No stops.
     
  10. no stops is NEVER a good trading style imo, but we've had THAT debate before.

    if you can't develop positive expectancy setups that incorporate a stop, then you really don't know what you are doing and are just martindale'ing whether you realize it or not. adding on losing trade and selling as you make profit. that works fine... until it doesn't

    managing risk is the single most important thing in trading
     
  11. The KISS principle can be engaged. The markets go up and down, the upmoves and the downmoves. If you want something quite a bit faster than ES and YM, master your trading craft in CL. Your methodology, however, needs to capture, sequentially, the upmoves and downmoves of the price gyrations in whatever the market you want to play. Then you can get back on track by accessing the shitloads of points on offer each day.
    :)
     
  12. Why make things complicated. Just sit and wait for your favorite trading environment to surface. So yes I will sit on my hands until then.

    If you think about it. We are now in the least favorable season for long side trading. Plus we have an election, I’m certain the election is causing this directionless market.

    What has the range been today in the futures since the cash market opened. 5 points. I can remember when we sat in 3 point ranges during the summer of 2005. Its just not worth the time. When ADX is under 20 there is not a lot going on.
     
  13. I forgot to ask you what are you trading thats so great.
     
  14. aaron, on in intraday basis, my main vehicle is the YM

    i trade stocks (and invest in them for the longterm - 20yrs +), but for intraday trades it's mostly YM, and some sector ETF's
     
  15. "If you think about it. We are now in the least favorable season for long side trading. Plus we have an election, I’m certain the election is causing this directionless market."

    #1 it's not "directionless". that sounds like a frustrated 'trend' type trader who doesn't know how to trade a means reversion market.

    #2 who said anything about long side? i've traded long and short (mostly short) last few days. trade the highe xpectancy setups. who cares which direction?

    " What has the range been today in the futures since the cash market opened. 5 points. I can remember when we sat in 3 point ranges during the summer of 2005. Its just not worth the time. When ADX is under 20 there is not a lot going on."

    if you have a narrow methodology that only captures setups during "trending" markets, then what you say is true. of course most days in the market are not "trending" in that sense, nor does it make any difference. there are great profits to be made
     
  16. Nice range in YM in the last 90 minutes
     
  17. LMAO

    nitro :D
     
  18. Works for me when I'm coming from 100% cash and buy little snippets here and there (up to a very small percentage of capital).
     
  19. "Works for me when I'm coming from 100% cash and buy little snippets here and there (up to a very small percentage of capital)."

    it can and will. especialyl if you are relatively intelligent about your entries. im not saying you can't scale in and scale out

    i am saying that "no stops" is a loser setup in the longterm. for trading.
     
  20. It sure can be depending on your definition of trading, amount of capital committed, time frame, amount of capital available ...

    I'm not preaching irresponsible trading with no stops ever but coming from a big cash position, I've found in the past that it typically is riskier on the missed opportunity side waiting for the perfect setups to buy than just SLOWLY scaling in to some longs (up to your max, which should be small with such an approach) and 'stupidly' waiting for the market to pop back up.

    You'll be underwater from time to time but it won't be too painful because you won't have too much capital on the line.

    That approach is just a small part of trading for me but I do do it and it can be less risky than someone out there accumulating a lot of paper cut stop losses, in the long run.

    Your mileage will vary.
     

  21. No I think its time for me to do just what I said I was going to do. Sit back and wait. There is no need to play in this slop.
     
  22. I do expect a lift into the close, just like last friday ES 1386.50. I suspect it to be near 1390.00 right near the cash close, just watch. This is a no brainer.