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Felix:
The problem is that many traders feel they 'need' to be in every trade, they
'need' to try to catch every move. As a trader, you don't have to catch the big
move down and then try to catch the big move up. For example, if you are short
S&Ps and you got short this week, you probably were not at a loss today. If you
have a short term perspective, at one point todday you had at least 50 S&P big
figures in profit. If you weren't short for a longer-term trade, you could have
set a reasonable profit target and gotten out at a nice profit. You don't 'need'
to get long today. If you make 30 or 40 SP big points in a day, give it a rest.
Take a breather. Get some perspective.
I think more damage is done to accounts and more poor trading habits are
revealed by traders that overtrade. If you have a commodity account because you
'have' to be in the market all the time, you are addicted, not trading.
Best,
Tim Morge [The 'you' was not meant to refer to Felix, but any trader...]
FelixTY wrote:
>
> 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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