Monthly average between 2% and 5%. Daily would be between 0% and 10%. It always feels bad to make the hour of preparation and get no fills.
Each of my stock was associated with it's Yahoo Sector and Industry in my spreadsheet so I could cancel all stocks belonging to a sector or industry all at once when screening news. Very helpfull but I did often cancel more than required. Therefore my fill rate was lower than other players.
Friday was the first session in a long time where tapes shrugged off their constant-bid pinning and acted "normally" (historical, traditional, pick your decript) with price action and volume flow. By 11:30am the day's volume run-rate in ES was 3.5 million contracts and TF +/- 225,000 contracts if flow was sustained... what used to be normal daily volume instead of merely half that. Which has been the case these past few months. Unfortunately, it was also expiry Friday so the usual handcuffs went on past morning price gyrations. But there were two good hours of normal market action resulting in normal trading profits. All periods of drought end with heavy rainfall. All extremes in life resolve with equally opposite extremes. When the constant upward pressure releases from equity markets ahead, you'll get back to the habit of enjoying six-figure months. Only a matter of time, nothing else
How did you make this observation, austinp? I mean how did you know there was bid-pinning and now it's not. What tools? DOM? How? What I noticed is that for the last couple of weeks there were almost no stocks that trended the whole day. Majority had their trend broken sooner or later. Before that there was at least one stock that would end up at the high of the day, and on that stock I could double my position on predetermined intervals, so that stock would pay for many losers on this day. But I don't see any such stocks on my radar anymore. Sort of regime change or something, from trending to mean reversion. Would be nice to know in advance. Any ideas how?
More of the same. +$2300 for the week, about 300,000 shares traded. Every day was up or down small. Ended an 11 day losing streak with opening orders, easily the longest ever. Employed all my regular strategies at one point or another over the week, but none of them were very active and for the most part they just offset each other. Trading has sucked for me since about the middle of June. I'm slightly green over that time but every month the bottom line is getting smaller and smaller. It's truly just grind grind grind right now and wait things out. The longer the wait, the more explosive things are going to get. Don't get complacent, don't get lazy. Just lie in your foxhole and wait...
most (if not all) aspiring traders have little to no patience. they have the deep emotional need to press the pedal every day, desperately seeking results. reality is, all days are created very unequal and many days there is precious little to work with in stock markets right now commodity markets are exempt from this sideways pinning. crude oil markets (amongst others) oscillate and swing in normal range fashion every day. they remain very trader friendly. stock = stock index markets have almost zero participation other than HFT bots right now Thursday's price break and normal volume & range was a reminder of what real market action looks like, and probably a harbinger of what is soon to come. until then, stock markets remain artificially comatose and lackluster at best. change is coming... soon
what if it explodes...but 10-20 years later. Will you still stay in your foxhole? The world's longest drought lasted 400 years from 1571 until 1971 in the Atacama Desert So...... funny things can happen in this world.
the cure for all market behavior is the market behavior itself the cure to dull markets is dull market action. a catalyst will soon emerge to break the malaise, volume will flood back in, volatility will rise, trends will emerge the game can be altered, but never changed. it is the inevitable ebb & flow. Nov 3rd is circled on every calendar as next known market impact event scheduled. prior to and after that, anything is possible at any time