Ok. None taken. Yes, I'm a swing trader. Same thing, but bigger cycles. Less trades, but (hopefully), more money per trade. I think I could apply the same techniques to a shorter time span. SM
Volume is very low, just look at GE its only at 54 million shares and has been low for some time. Not optimal for scalping or pairs.
The Swordsman (R. Raskolnikov) is a great example of the stages a Hershey trader goes through while studying Jack's "teachings." Stage 1 -- Eagerness and Ingratiation licking my chops as i only get better yes, agree jack and spyder are great, jack is a little tough to follow but his teachings, once untangled, are very helpful! http://www.elitetrader.com/vb/showthread.php?s=&postid=1563544&#post1563544 Stage 2 -- Delusion and Defensiveness Im sure you probably didnt know this but actually on the very first page of the "Spydertraders Jack Hersheys Futures" thread there are links to many pieces of info for people to do their due dilligence first, ranging from the terminology to concepts to just basic background info. Anyone who read that stuff and continued on would never been seen as following a guru blindly. And it cleary states that one should read all the associated links before moving on. http://www.elitetrader.com/vb/showthread.php?s=&postid=1862711&#post1862711 Stage 3 -- Denial I've repeatedly told you I don't trade SCT only that I asked some questions over a year and a half ago http://www.elitetrader.com/vb/showthread.php?s=&postid=2082939&#post2082939 Stage 4 -- Acceptance Not once have I ever spoken to Jack Hershey and for all I know he's a shitty trader like you all say. http://www.elitetrader.com/vb/showthread.php?s=&postid=1753104&#post1753104
In general i think that the volume has reverted to what it was like just before earnings season again, we had a little teaser there for a couple weeks and it seemed like it would come back but this week has proven that, as opposed to going back to normal volatility in stocks we should expect more garbage, making big moves in the opening 20 minutes then flat lining all day. BAX is a strong example and something which "mean reversion," traders got killed on all fricking day.