Nah, that's my line to you ... and while you're at it you need to brush up on your terms of endearment. A market's volatility doesn't increase in strong bull moves, it's momentum does (this Bull run over the past 5 years has confounded many traders who thought just like you). Good trading, Jimmy Jam
Ahh...ok...didn't know you were debating with me. Also, i didn't say market volatility increased during a bull market nor did I say a market volatility declines in a bull market. I said volatility has been declining and that makes trading for me (maybe not for you) a little more riskier. Simply, it has not confused me at all...its just more riskier. Thus, I do more position size management in the past few years than I've had to do my entire +15 years of trading. As for momentum, its not part of my trade methodology so I can't really agree nor disagree with you. Yet, I do know volatility and the charts are obvious too. Also, I do know via my own trading and that of some institutional trading pals... Intermarket analysis is much more important in recent years in comparison to the bull market of the 90's. How's my terms of endearment now although I don't know what that means. Sounds like a english phrase to us traders outside America. Is this where you say you foreign guys don't know anything about the markets? With that said, can you tell me what we are arguing about? :eek: P.S. some sarcasm above. Mark
I think when you can only pull 10 points out of 2 intraday swings greater than 80 points says alot about ones methods.
Its really hard to say what ever pulls out. Ie: Today we pulled 30 pts on a short setup. Most of the newbies jumped out after 10 points or so. I set my trail stop and let it ride. The problem is most newbies will sit with huge stops then only take out small profits on good positions. Our trading record is 'newbie' friendly and shows a worst case scenario. So when you see a 10 tick trade it may be 30. We have different skill levels for different traders in our room. Newer traders are not there to rake in huge profits. They are there to learn while not losing their shirt. Check out a trial if you wish, you'll see what I mean. Cajun