hey Kiwi: did you have any order delays with IB when the market got real fast this afternoon? no disconnects like last night, but i had orders that were 'acknowledged by server' take 5 seconds after that to execute even though T&S shows them in the money the whole time. look a loss, got it back (luckily) with IB's 5 second executions and called it a night. these are the kind of days that used to be so much fun and so profitable that i literally felt like i was stealing- the $ was that easy. now, i (and my acct) are so beaten down that even when the market is calling me for dinner, i'm too afraid to come get it and/or i flinch after 15 points and bail out, or otherwise find a way to not get paid and/or lose my ass. throw in my ongoing connection and execution issues with IB, and i'm pretty much a basket case every time i enter a trade...
I had stopped trading. I like moderate behaviour (like the morning) and simply don't trade when it goes crazy. I know it costs me some big opportunities but I developed a set of rules around moderate trends and have had to learn to watch 100s of points fly away without me. Kiwis are flightless birds so it probably makes sense.
The morning session was following. Opened down a bit, pushed up a little to search for suckers, then down we went ... with a little overshoot for exuberance.
0735 [Dow Jones] HK short-selling volume +10.1% at HK$3.972 billion Wednesday, 5.3% of market total vs 4.7% Tuesday, as bears adding positions with HSI falling 4.3% over past 3 sessions. HKEx (0388.HK) leads with HK$225.21 million, China Construction Bank (0939.HK) with HK$224.26 million, Chalco (2600.HK) with HK$171.58 million, China Cosco (1919.HK) with HK$169.52 million and China Mobile (0941.HK) with HK$160.95 million.(SUT) Time for a short squeeze...