Dont feel bad. Every post will tell you they are making record money No one will say they lost money. ET is filled with superstars.
That ain't nothing I entered a short-term 6 minute position today while trading the SPOOS. ( I did my secretary doggie-style) Later I crapped in a pie tin. This is just too f*ckin' unbelievable after 4 years of quietude. Bring on the "carry-trade" meltdown as it will be known. Yes we may stabilize but if this shit comes unglued look out below!!!
This volatility could last two weeks, two months or two years. You need to develop a new strategy, if the VIX falls back to 10, you can get your old strategy back out again.
yeah i am having some probs adjusting as well, pnl extremely volatile and running losses getting out of control. was down 500 bucks per contract on 3 er2 trades before sob turns around and i close at a profit....got caught long into that nasty decline after the hod and took a serious hit. cant complain tho after almost a month without any down days, trading the mkt i know the least.
Real traders typically make a killing in environments like this, so is it so surprising there are a lot of happy people around the last 3 days?
Which is why a beginner should start off with stocks. --- could someone post a chart so some us us that dont trade futures can see what you're talking about.
that's the bloody problem. how much room do u give, i decided not to use stops at all and worked ystdy but today didnt pan out. [i traded like shit overall tho] best thing may be arbing all day those mad quotes for a few ticks and take only a couple of directional trades on the best odds.