The market was quite lazy into the close today but right after 15.00 it went quite wild. I was losing the entire day and 2 minutes after close I am back green for the day What causes such high vol after close? Anybody knows?
A few companies you may have heard of announced earnings right after the close. MSFT GOOG TXN Its amazing people trade and have no idea wtf is going on
I wish i did not know wtf was going on. Because i knew and did not feel like taking a chance i closed a small loss.
I thought the OP must be a newb. But no, he is a 10 year ET veteran. That means he should have seen about 40 earnings cycles since he joined. Following comes to mind: "You're walking around blind without a cane, pal.A fool and his money are lucky enough to get together in the first place" -- Gordon Gekko
I hardly care about news anymore just major ones like FFR, just ride the waves.. So many trades it makes no sense to look for the reason behind particular move. dumbest system ever traded trust me