New guys, now is not the time

Discussion in 'Trading' started by Dustin, Oct 30, 2009.

  1. gnom

    gnom

    Thanks Dustin for replying, I thought I’m the only one that feels like not much going on now, seems like it’s a great investors market.
     
    #171     Mar 31, 2010
  2. traders love volatility, because when volatility is high they make most of their money. it seems reasonable that they should always try to short volatility in addition to their everyday trading if they want to smooth out their equity curve.
     
    #172     Mar 31, 2010
  3. Dustin,

    Are you waiting on 4 - 6 std dev reversal set-ups or the like?

    Walt

     
    #173     Mar 31, 2010
  4. Dustin

    Dustin

    I'll trade anything with volume and volatility if I see a setup. This goes for breakouts and reversions.
     
    #174     Apr 1, 2010
  5. maler

    maler

    Dustin I have a couple of questions if you got the time:
    1. What period in the past is the most similar to the environment
    you see today and how long did the dry spell last back then?
    2. After the previous dry period, did the your methods start
    working again or you had to reinvent yourself ?
    Thanks
     
    #175     Apr 13, 2010
  6. Just take a historical look at a VIX chart to see how your strategies work adjusted for volatility.
     
    #176     Apr 13, 2010
  7. Dustin,

    There have been HUGE trading moves and fairly high volatility over the last 6 months in the high beta coal mining stocks. Have you ever put stocks like ACI, ANR, BTU, CNX, CLF, and MEE into your trading system?

    Hope things are going well over in your neck of the woods.
    :)
     
    #177     Apr 13, 2010
  8. Dustin

    Dustin

    This is what it all comes down to for me. Of course I'm always trying to find strategies that work in slower markets, but really my income is derived from volatility. In the future I plan to hedge my income in case of a falling VIX environment...lesson learned.
     
    #178     Apr 13, 2010
  9. Well depending on your strat like you say it could go both ways. I don't think anyone's automated programs are quite firing like they did in 2008. But I have tested mine with 2006 volatility as well so I mean it's ok, but it has widened the gap between trading days considerably. I do not have to live on those profits as well, which helps of course.
     
    #179     Apr 13, 2010
  10. Sure, nothing lasts forever but this could be the "new normal" for a long time.
     
    #180     Apr 13, 2010