SparkyBOB, Don't try and follow me or my trading. Learn how to do it yourself and how to trade volatile markets. Trading 101.
You STILL haven't grasped how to trade a volatile market intraday have you? LOST 50 POINTS? LOL I made a few grand intradaytrading today on the market volatility. I went SHORT into todays rally. Next week I will pocket $10K when the market sells off on the next down day.
Coke heads aren't the smartest traders. Get OFF THE COCAINE, you will be losing $$$ trading against the market. You have to Learn Trading 101 do not trade against the market, take what the market gives you.
Bro, I have 7 straight years of 6 figure earnings intraday trading. I am WAY past Trading 101. PS "Cocaine" is a classic Eric Clapton song too, learn to think outside the box boy-o
Sorry Pimple Faced Smart Mouthed Kid, I have been Shorting financials, housing and doing quite well intradaytrading the last few months. Trading Psychology 101. Get over your hatred of others that are making money. It will help your Trading.
"Would have lost about 50 points today. Bonehead theory anyways. " it is (relatively) easy to run stats on gaps, since they happen frequently. nobody should BLINDLY short OR go with a gap without understanding gap dynamics. this is just part of why so many retail traders lose. there are TONS of variables to consider - day of week, day of month, size of gap relative to daily ATR, location of open relative to high volume nodes, value areas, premarket volume, relation of gap direction to daily trend direction, etc. etc. SOME people trade gaps solely off of the current price action (iow price action from the open). i prefer to take a statistical approach. this gives me an intelligent place to set my stops, my targets, etc. to decide when to fade a gap at open, or not etc. etc. blindly saying "always fade a gap" is dumb. blindly going with a gap is dumb. if you don't have a methodology to determine your approach to index futures gaps, then you shouldn't be trading them.