I'm a newbie and really this year the market has been very volatile, but I've also heard that in years ago the market looked like a carousel
Chicken littles running around again with their heads cut off. The more you panic, the more you lose. Retail traders (sardines) being swallowed whole by the hedge funds, banks, brokers (sharks). This is way too easy but, sad really. I feel for the average American with 401Ks and IRAs, for the ET trolls, nah!
Interesting comments. Seems to be the general consensus on this thread. I started following the market just around 08/09, but was not day trading or following the ES futures then. Do you guys still feel the same way after last week? Thursday was the largest day down in % change since Black Monday in 1987. In nominal values - yesterday, Friday 13th, had the largest nominal point range in history to my knowledge. Thursday was the 2nd largest. Since we're at much higher price levels in nominal values, does this not feel/appear more volatile even if percentage changes are smaller? Here, referring to the market prior to this last week where the % change is equalling 08/09 and prior periods for sure. Thanks.
My comment was from March 6th when things were still relatively calmer. I'd say we are at least on par with 2008-9 last week. We get numb as we age. Mentally I was ready for such moves, not to say it did not feel surreal. Besides 08-9, there have been other short term high volatility shocks in the market -- Brexit, flash crash.
Yes, I know all your comments were pre past week. I imagine things must be a bit different now after last week as the % change moves most certainly equal past peak volatile periods. Is your trading going well in this environment? If I recall correctly, you're mostly or fully automated.