You are not crazy, you are just being honest and face the fact. Look at FB, the best momentum stock ever, it move between 72.6 and 73.2 during the today when we are going to fight Iragi and Russia! of course, we can still find some tiny stocks still moving, but too much risk. they can up and down suddenly when you just take a pee. I donot fight Fed, they control everything, and how we can fight them? I just want to confirm it with other people. Face the fact, Actually there is no room for us to make money any more. Or we can try during that 72.6 and 73.2, but we better work at Walmart as they pay more! laugh
it is just a part of cycle. vol will come back as always. first thing this market has to do is arouse masses with the ascent so they take plunge in markets yet again. uptrend is safe until masses join. that is not the case at present. long term swing is the best tool in this scenario. then watch
I know it. but it is hard to find. Firstly always better to trade the stocks we know very well as we can predict some pattern. It is not good to just jump into any stock just moving, as we cannot predict its next move. The only stock i found was NFLX, CNBC called it the best Momo Momentum Stock! It was up 4% yesterday but already arose 2% at the beginning,left you the 2% room,but even the 2%, look at the chart. very bumpy. And today it lost the momentum and look like a dead fish again! The thing I am to say is Maybe those big guys want to wipe out all the small traders out of the market! Look at the market low volume, even some small money can move any big stock. The big guys already wiped out 95% American out of the market, now they try to wipe out the small traders. But they are leaving one big problem for themselves at the same time, if even small traders left, How do they themselves make money at the end? trade from left hand to right hand? laugh
Thank you for your opinion. But swing trade is hard these days as the good news can be bad news, and the bad news can be the good news, actually it all depends how the big guys set the tone. The safest way is still day trade. It is why the big guys try to kill the gap. I am sad about that. Maybe we need some revolution! laugh
Other evidence for your reference. the data never lies! 1. Now we are the at Q2 finance announcement season. Please check the stock price daytime movement range after the company announcement: almost all the S&P 500 companies' stock price is less than 1%, no matter it is good news or bad news or very very good or bad news, the daytime movement is always less than 1%, even though the stock superficially up & down 10 %! 2. Remember the FB IPO issue? The inside document from MS which was discovered and caused MS be sued: MS decided to take most premium of the IPO price and leave 10% to the market. Can MS do it? Yes! the price never arose more than 10% on the first day! And advise for our small traders? watch some good movies, chat with your friends, take a walk with your lovely wife on a sunshine day. Donot trade! and let those big guys to starve. laugh
No, they are not hard to find, your scanning software can find them in seconds. For example, right now LEAF (Springleaf Holdings, LLC) is : Above its 20 and 50 (day) moving average Trading on huge volume (twice the average) Experiencing a powerful breakout from the ascending triangle (a 10% move from low to high in less than 48 hours). THIS is the kind of stocks you should concentrate on my friend (see chart below)! I can find you at least 10 or 20 stocks like that each day (even though I no longer trade stocks) : stocks with huge volume, plenty of momentum, and in a trending mood. So, again, why do traders concentrate on going-nowhere stocks/markets and then complain about the "lack of" volatility?? It's like going to a quiet lake and saying : "Gee, I have been unable to surf for months, there are no waves, what's going on?", instead of simply finding a nice beach with plenty of wind and huge waves. Ok, enough said, now go and make some money
Dude, thank you for your nice advise. But LEAF, the Avg Vol (3m): is only 280,202 shares Those stocks can suddenly fall down like a stone, 20%, 30% is normal. I experienced several times. Better trade stocks with above 1 M shares. Just 8 years ago, I started to trade. I traded one oil exploration related small company. It was keeping arising for the almost 2 weeks, everyday 2 or 3%. It was heaven for me. But one day, during the day time, maybe 11 am, it just suddenly fell down for 30% within 5 seconds just like a stone! I was so shocked and even could not do anything but watched it to erase all the gain of the past 2 weeks. The next day it is said SEC sent the letter to the company and ask the unusual movement reason. But that is it. Remember even the ex chairman of Nasdaq was in the jail now. Since that, I stay away with small companies.
Well, generally speaking, any stock with over 250K average trading volume is considered liquid enough for most traders. LEAF traded at nearly 1M shares during the last trading session. Here is another breakout in progress in a stock (POWR) with over 1M shares average trading volume, see chart. This is a 20% move in only 3 days. Took me 30 seconds to find it. So as you can see, there are plenty of good stocks with lots of action, on any given day. Just concentrate on these types of stocks and ignore the slow movers.
Dude, thank you for your reply. I appreciate it. But please look at the chart of POWR: Superficially it up from 10.83 to 11.45 during the day, but already arose from 11.20 at the beginning, then dropped back to 10.90, then arose to 11.50 , then back to 11.20 again, then rose to 11.50 again. then after hour, it down another 5% back to 10.80 I think it looks ugly and the big guys controlling that stock play us badly and without manner. It is very difficult to predict the next move like this stock, maybe you can catch 0.1 or 0.2 range profit if you are lucky. but you are not lucky, you will lose more. Trading is about odds. We should stay with those stocks with good manner, moving consistently, It is ok with one V type or adverse V type during the day, but 2 or 3 V is too much. Do you know why we expect big gap during the day? Because if the gap is big, the big guys have to play in consistent way, it will cost them more money to play 2 or 3V during the big gap. and this is the only way for us small traders to make money. And unfortunately there is no gap for POWR this time. Obviously big guys know it, that is why they donot show you the gap during the day! By the way, I donot mean to argue with you, I appreciate your opinion and like to discuss with other people, as trading is lonely. laugh
Actually SolarCity Corporation (SCTY) is stock with good manner, I have not seen such a stock during the past 2 month! See, big gap, very consistently. I tried to cut in, but unfortunately maybe i mistook the entry point, every time after i entered, just being wiped out soon. Another big reason is that I did not expect it would show such a big gap,as i have not seen for the past 2 month! So i didnot prepare to take small loss when it swing. That is the sad thing about our small traders, If the market didnot show you the gap for a long time, even if it suddenly show you one, you would doubt it. But it is human nature, we call it inertia! crying!