I can't imagine any small piker (like me) has the dough to play this thing overnight. intraday (or intra session for that matter, even the lunch break can produce huge gaps) is the way to go
When its too volatile I don't trade it. I use small stops and haven't been motivated enough to modify my strategy for these markets.
I also use the market volatility to calculate the trade size to keep myself exposed to the similar risk level.
Same here. Last week was really hard to trade. I also use tight stops and can not justify getting in a trade when my signal appears and spread is often 4-5 ticks or more.
my balls actually cut!!! entry at 20500@2 and lost over 300pts in a glimpse!! :eek: but i get it all back later that morning
i guess the best way to slaughter yourself is to hold against the CASH price when the futures' preimum is huge. it was -200.