If only that were true...there would be a lot of very rich traders! It's time to change whatever you are doing imo.
waggie, are u in the east bay? i don't go to pete's anymore, too crowded. Hopyard is better and at least they have darts.. shivastar
I will tell DaveZ. He lives next door in Alamo. I'll head over on my YZF-600. Looks like a great day for a ride!
Missed that was playing with MVL. HOV looks just as nice. It sounds like NYSE tradable universe is becoming smaller and smaller everyday. News trading and thats about it. Great day for whoever did not get caught up in a futures nosedive. I can't even be mad at myself except for maybe one little mistake. Stock drops over a point on 100-300 ticks, with a 20 share short stepping (which then magically dissapears). NO UPTICKS whatsoever so noone made money on a short except a few lucky guys that happened to short before the bullshit nosedive that has ZERO reason, logic or even any real momentum force behind it. Go market and you're guaranteed to get a 20 cent lower fill. Great when you are long 1000 shares. Can you say price manipulation? Obvious dive against the traders, no real sellers, buyer probably went to lunch. I had all good trades and this one asshole destroys my day and my month so far. WTF now I have to account for the fact that the lack of volume and volatility gives the specialists a reason to make point plus moves on almost zero volume? This is all while the huge majority of the NYSE stocks sit there and do SHIT for hours. Man fuck this market and screw NYSE. Today they really got to me. It's now time to start trading Naz. I just do not see NYSE advantages anymore as I did a month ago.
Take a look at the chart pattern of NSM. I know that your niche is trading the Big Board names, and NSM has a real nice strong pattern to it.
No Im done for the day I went home. I can't trade this market anymore, that huge hit really screwed me up. I'm really starting to question question ANYONE's ability to trade the lower volume stocks successfully in these conditions. I really need to change my stock universe and definitely start doing Naz. NSM, HOV and MVL look real nice for the day. I wish I could have caught all three on either side. I only caught MVL for almost a point. Should have went home right there. Good job to whoever cashed on these. Stay away from any non-news stock.