So here's something that I just find interesting, but not necessarily significant. If the SPY didn't make another high or low today and continued to trade in this range here, my monthly A up and monthly A down for June would be my OR for the year. I use a wider OR than most that I know of, but I just found this coincidentally interesting. Carry on!
When you consider the fact that a majority of the posts on this site are crap, it just goes to show you that there are not a lot of traders who are going to dedicate themselves to something as methodical as ACD, due to the level of effort required. They'd rather get dragged into sub-moronic subjective debates about topics they can never hope to have any influence on, e.g. HFT, than discuss something which can tangibly help them firm up a trading plan. I recommend this thread in other threads when someone says they are new to trading, though. Anyway, it does kind of suck to have to post to yourself so much. I had a trading blog at one point where I was basically very far ahead of the readership in knowledge of the topic and it was difficult to get constructive criticism. Some guys tried and I applauded them for it, but it wasn't the same as having someone to really drive my thinking or the conversation.
http://youtu.be/cXy9HoWX0es Karen went from her day-job as a CFO to a trader and turned $100,000 in 2007 into $41 million by 2011. This is her story, as told by Karen herself with Tom Sosnoff on Get Tasted. NOTE: This is for real as Karen is being interviewed by Tom Sosnoff of ThinkorSwim. I do not know a thing about options. I guess i will have to learn about shorting premium on indices.
guessing she had to be long vol at some point she did well into the credit crisis, look at bill miller, steady as a rock till 2008 then averaged in had some monster drawdowns...I would imagine quite a few people blew out with that kind of vol. There is a guy who posts here under the handle dmo who had a video showing how the vix futures stopped going up around 70 vol or so, I will look for the link when I get a minute.
Just wanted to throw this out there. Here is my 5 day numberline(SPY) for the month of MAY to friday. As you can see there is a huge divergence coming into play. SPY lower lows...numberlines higher low. Will be watching for a bounce next week. Monthly Aup in ZB is 154 and for ES we have around 1260...we could easily tag those in the next day or two!
I just heard Guy Adami speak here in Chicago. He is one hell of a speaker. I thought he gave one of the better speeches on trading I have ever heard give. The guy knows his stuff and is very entertaining to listen to. If you guys ever get a chance to hear him speak, do it.
Hay Shan, that's pretty genius p.s. Graphing the numberline? Never thought of that. Would love to see that thing on a chart looking at it in relation to price. Might notice some interesting patterns... : )