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I don't think volatility is for everyone. Actually very few percentage of
traders can
successfully take advantage of them. Unlike the rest of you guys, its
better Mr. Joe
Average just to stay on the sidelines on some of these days of the big
knife. You got
to be really know what you are doing, and be really good enough to catch
the "flip" of the
day's extremes. These takes experienced and discipline, simple but hard in
reality.
Trade Jack wrote:
> you betcha! that's what the pure capitalism of the futures markets is
> all about.
>
> volatility is the life blood of daytraders. ask the locals and
> institutions, they love it since they're some of the largest
> daytraders around.
>
> if you can't handle the volatility in the s&p's or any wild market,
> then cut back on the size until such time as it calms down to your
> comfort level. or switch to another similar correlated, but less
> volatile market.
>
> if you think it's been wild the last few months, then you don't
> remember oct 87. don't expect the volatility (as expressed in avg
> true range) to decrease until the market starts heading higher (take a
> gander at a daily s&p chart for the last year to catch my drift).
>
> TJ
>
> ---Gaius Marius wrote:
> Volatility is good. Volatility is right. Volatility works.
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