What Happened Today?

carltonp · Jun 4, 2011

And just in case you newbies (like me) think its impossible:

SLD 2 YM JUN11 Futures 12466 USD ECBOT JUN 1 15:02:06 4.02
BOT 2 YM JUN11 Futures 12456 USD ECBOT JUN 1 15:20:06 4.02

SLD 2 YM JUN11 Futures 12437 USD ECBOT JUN 1 15:29:16 4.02
BOT 2 YM JUN11 Futures 12436 USD ECBOT JUN 1 15:33:37 4.02

SLD 2 YM JUN11 Futures 12414 USD ECBOT JUN 1 15:44:38 4.02
BOT 2 YM JUN11 Futures 12402 USD ECBOT JUN 1 15:54:06 4.02

BOT 2 YM JUN11 Futures 12424 USD ECBOT JUN 1 16:27:15 4.02
+ SLD 2 YM JUN11 Futures 12,426.000 USD ECBOT JUN 1 16:32:47 4.02
SLD 2 YM JUN11 Futures 12408 USD ECBOT JUN 1 16:35:27 4.02
BOT 2 YM JUN11 Futures 12407 USD ECBOT JUN 1 16:55:37 4.02
BOT 2 YM JUN11 Futures 12373 USD ECBOT JUN 1 17:24:51 4.02
SLD 2 YM JUN11 Futures 12376 USD ECBOT JUN 1 17:42:42 4.02
SLD 2 YM JUN11 Futures 12364 USD ECBOT JUN 1 17:59:28 4.02
BOT 2 YM JUN11 Futures 12336 USD ECBOT JUN 1 18:28:07 4.02
+ SLD 2 YM JUN11 Futures 12,336.500 USD ECBOT JUN 1 19:13:37 4.02
BOT 2 YM JUN11 Futures 12323 USD ECBOT JUN 1 19:45:23 4.02

I started organising the data to make it easier for you guys to read, but I then I realised I would be here all night. But for those of you who can be bothered if you do the maths you'll see on this day (wednesday) I made just over $700 again (excluding commissions)

carltonp · Jun 4, 2011

Oh I just realised I could just copy and paste the data straight from my TWS trade log into the thread and it organises for you, you just need to space out the individual trades - I was spending time getting the spaces neat and tidy for you to read.....

marceck · Jun 4, 2011

Quote from carltonp:

Hello Traders,

Can someone tell me if it is really possible for a large investment bank/house to control the prices of all the stocks comprising DJIA? The reason why I say that is because at precisely 14:17pm all 30 stocks from DJ 30 tumbled - and at the same time. I mean they were steadily climbing then boom! They all tanked in unison. I could understand if they lost steam and were sold off gradually, but to suddenly drop and then rise again within minutes leads me to think it's possible for a few large banks to make that happen

I was trading the mini Dow at the time and my style of trading is to buy/sell a contract depending on where the majority of the 30 stocks are going at the time of placing a trade. So I was long around 14:15 and the index was moving up in line the majority of stocks, then everything crashed - I mean all stocks just crashed in unison. I actually thought there was some outside disaster, but then all stocks started to appreciate. Of course I was stopped out, however I would love to know if there was any news event that happened today to cause the stocks to behave the way that they did or was there some entity involved?

Would love to get your comments

Cheers

Carlton
More...

Program trading, it happens across the board, not just DOW stocks. But more to the point, there were bearish divergence all day long, it was not wise to stay bullish late in the day on a Friday under those circumstances.

carltonp · Jun 4, 2011

marceck

Thanks for your comments. I will admit, I was unaware of Program Trading and what it entails until some of you guys mentioned - you learn something new everyday.

carltonp · Jun 4, 2011

Quote from ChkitOut:

But this is the internet so whatever, anybody can say whatever they want.

Just a note to newbs reading this. You CAN NOT consistently make 500-700 a day trading 1 or 2 YM or ES. It just can't be done, period, end of story.

More...

ChkitOut, I really appreciate that you're trying to protect newbies (like myself) from people that make wild statements and get us newbs thinking we can inherit the world.

But I never started this thread to discuss how much money I make or to prove myself. You asked me.

I genuinely was interested to know if anybody experienced what I experienced at a certain time of the day? And to get to opinions from people that have been trading for a long time. Thankfully, I have had some very positive feedback for which I'm grateful that they taken the time to respond.

Personally, I only ever use ET to benefit myself. I will probably never use this forum to help others. Luckily there are people who AREN't as selfish as me. So I thank you all for participating...

On that not I'm going to bed as it 1am here in London.

trendo · Jun 4, 2011

carltonp,

Are you trading a demo account?

carltonp · Jun 4, 2011

Hi Trendo

It's a real account.