Long NQ and HK33. A bit late in because of tabbing out away briefly. Edit: Oh yeah patience would have paid off.
HK33 stopped. Might go into DE30 instead, still convinced we're going up. Edit: Long DE30EUR. Edit 2: Ugly chop is however nonideal. Too bad I entered NQ rather high.
Long NAS100USD. Last attempt today, after that I'll concede market has a different behavior than I want..
Not making any predictions today, as I see it you can equally make the case (on a purely visual basis) why we should go up or down from here. We'll see if long bias is alive and well soon enough. Of course, the risks due to trade war that have been around for a long time have got more urgent, and we'll see if this is materializes into a down trend... In short, jump on the train in either direction (oh, and stop trading chop, as that cost me 200 EUR since Monday).
Indeed. Based on your last few trades, best to sit on hands and get confirmation of a direction. The volatility you are facing is self-destructive for short-term moves. At this point I'm hoping I can get out of 7619 long with a profit before contract expiration in a month. Sheesh!
Indeed. If I want to succeed trading like this I need to end up not losing 0.5% of account per day with chop as currently I've done. It's turned out that my discretionary bad habits (randomness) still have some way of making impact here: I can choose of activating 2x instances of algo (as I did yesterday) which introduces a random performance characteristic and is why I lost 100 instead of 50 EUR yesterday. Why even do that when market is evidently choppy... My profit taking is left discretionary (though algo moves up stops for me to break even) which also adds additional variance in performance.
Also, sucks with that long bro, hah. How does contract expiration impact your situation? Extra volatility because near term?
Not really. The real players out there will simply roll from one to the next, which means they will sell (buy) the one and sell (buy) the next. The opposing players will do the same thing. So the contract's price doesn't change from one to the next since it all evens out. In general, the roll can bring in some extra volatility, but remember...The thing tracks the index. It will do what the index does. And stocks do not expire.