You Name It... The Models Time It..

Discussion in 'Chit Chat' started by tradingjournals, Dec 1, 2013.

  1. Why did they trade it then? Who took the other side of their trades?
     
    #71     Dec 10, 2013
  2. Flat NQ on budget agreement.
     
    #72     Dec 10, 2013
  3. I knew that when a majority agrees on something related to markets, it means it is usually wrong.

    It did not take long, even if the market was closed.
     
    #73     Dec 10, 2013
  4. NoDoji

    NoDoji

    Why would day traders buy around 3pm? Because at that point in time the price action indicated price was far more likely to revisit the previous highs than to test the low.

    I have no idea how to find out who took the other side of their trades.

    I'm pretty sure that the majority of traders believe the NQ is going higher, and this belief causes them to buy. If you bought at 3pm today, you're currently profitable.
     
    #74     Dec 10, 2013
  5. Oh please. Your excuse was that it was a day-trade, and then when Congress agrees on a budget deal AH it becomes a swing trade. So much BS on this site.
     
    #75     Dec 10, 2013
  6. You seem to be getting out of your trades too early.

    NQ should be mid 33 nineties in the next 3-4 days, where I will reverse at break even on a short and go long if we close around there.
     
    #76     Dec 10, 2013
  7. Congress took me out at -1 on NQ, but I don't hold when macro goes against me. I will re-enter short tomorrow, in vola.
     
    #77     Dec 10, 2013
  8. When traders lose they typically say it is someone else who did it to them, and when they win they say it is them who did it.:)

    It rather the opposite: If people win it is by chance, and if they lose it is probably by skill.
     
    #78     Dec 10, 2013
  9. Too early? Didn't he do it in a closed market for both open and reverse/close?

    As for your mid 33: I wish you well. Since you seem under water, I hope the market will not do the opposite of your wishes, but I sincerely wish for you that you win.
     
    #79     Dec 10, 2013
  10. They're called futures, Genius.
     
    #80     Dec 10, 2013