And if it wasn't enough, after the market close you will read very insightfull stories on Yahoo! from nowhere journalists knowing shit about trading telling you exactly why the stock went down (or up), like they knew or called every investor/trader and asked them their motives. Just adding to the insult. And then you have to stay calm, lol.
Does anyone make use of the pre-market data? I have been putting up a time&sales window and go through the stocks comparing the last print of the t&s window to my buy and sell envelopes . If for example, the premarket price is already significantly lower then my bid, I may remove the stock from my list. I have caught some news stocks this way.
I "do" check my L2 montage but don't pay tooooo much attention if the trading is not way away. Since the stock is going to open based on a large number of shares on the NYSE....I only change pricing if 50 cents or more away from my indicated bid/offer. Don
13 Fills 12 Longs. 7 Winners 6 Losers +3.4c/sh Tempted to increase size a bit but every time I do I go into a losing streak. I wonder if thats just coincidence or a function of size contributing to greater slippage (not large size either way). Is there a point of diminishing returns as size increases?
T and AVP good + 18 cents. Obviously another slow day, but check for imbalances today for expiration tomorrow. The "year end effect" last expiration. Tomorrow should be pretty good....then...."Happy Holidays" ... Snow in Vegas, LOL Don
Could it be a psychological factor, you not being totally comfortable with the increased size and therefore not responding the same way?
Don, What products your traders trade on FOMC? (ES, Forex, ...) Are the strategies mostly fading and trying to get in the long swings? Is there an avantage for retail traders to associate themselves with Bright for the FOMC? Thanks