step away from the "chop!"...

Discussion in 'Trading' started by GreenDog, Mar 18, 2003.

  1. Have resisted the urge to overtrade and turn a very nice morning into a break-even (or worse) day. Spoos doing the chop-chop in a bad way.

    Will look for a "melt-up" or "melt-down" into the close.

    Lack of "melt-up" yesterday btwn 3:45 and 4:00 makes me skeptical of a decent short cover rally today -- but we'll see.

  2. What a shitty trading day today. A small drop at the open then a brief run-up and since then the 5-minute has looked like a seismograph. *YAWN*
  3. Not a bad day to cash out nicely if you did a bit of duckin' and divin' on the da scalps...
  4. KavMan


    Today was an easy day to scalp like crazy
    up, down, up, down, up, down
    Was just too chicken shit to do it!!
    Arrrgg, Just 1 trade today +$427.00 :mad:
  5. ZBEAR


    Today I just sat it out.....
    Just a "Feeling" ....... can't quantify it.....

    Which brings up a question for ET'ers.....

    When & How, do "YOU" determine the day will be a chop ?
  6. I should've qualified my style; I'm a long-term investor. 5-minute bars :D
  7. Do you want it in detail??

    Let me know.
  8. Was a great day for 30 sec trades. My stocks were moving quarters every other minute. :D
  9. Well, I was not trading today because my systems gave no signals, but nevertheless I was papertrading my newest brainchild, a new mechanical trading system that I will probably brag more about in due time because it does seem to work great. So today it took only 3 trades and scored 6, -2.25, and 5 ES pts. It could have been worse...

    Actually, after an over 30 pt daily range in ES yesterday, I am not surprised that today we got what we got.
  10. I would like it in detail if you were serious.
    #10     Mar 18, 2003