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  • #8,661
  • Nov 1, 2018 4:44pm Nov 1, 2018 4:44pm
Quoting VEEFX
{quote} Nice Analysis Magnum. I am used to trading strength/weakness via scheduled events which is making me curious what else makes her move 300+ ticks. Do we know if anyone trading these earnings related spikes? Are such straight up or down spikes in one direction normal ? Unlike in spot FX (where we have more up and down cleanup events), such unidirectional spikes could be a printing machine with tight stops :-
Stocks are weird. Apple beat estimates for earnings but hinted at possible soft sales on IPhone especially in emerging markets. Stock price drops in after hours trading based on that news. Apple is the biggest weighted stock in the Nasdaq 100 at 13.1% of the total. They can really swing the price.

Earnings "season" as it is called can create some wild rides on indexes. Back in July when FB reported that earnings could be slowing it had the same effect on NQ as Apple did today. I would expect it to drop some more when the markets reopen in 20 minutes.

I stay away from major news. It's just not worth it. NQ prices climbed nicely today until earnings. Just like it did before FB in July. I am aware of news just so I can stay away from it. It would have been expensive for Hilmy if he didn't close that long trade before 315. From 315 central until 330 central there is absolutely nothing you can do to get out of a trade. You are stuck. From the time the markets opened again at 330 until all the damage was done was less than 4 minutes.

News to stay away from: US GDP, NFP, Interest rates, FOMC Meeting minutes, major company earnings reports, ADP payroll to a lesser degree (it doesn't have the impact it used to). The cost of jumping out and then back in after news is far less than the potential losses if you are on the wrong side.

You need to be aware of the news even if you don't trade during the times the news is released. The "Big boys" typically don't step into the picture until 830 central so NFP at 730 really hasn't seen the full effect.
  • #8,662
  • Nov 1, 2018 5:00pm Nov 1, 2018 5:00pm
Quoting magnumfreak
{quote} Stocks are weird. Apple beat estimates for earnings but hinted at possible soft sales on IPhone especially in emerging markets. Stock price drops in after hours trading based on that news. Apple is the biggest weighted stock in the Nasdaq 100 at 13.1% of the total. They can really swing the price. Earnings "season" as it is called can create some wild rides on indexes. Back in July when FB reported that earnings could be slowing it had the same effect on NQ as Apple did today. I would expect it to drop some more when the markets reopen in...
but you know the cool guys come in late at 9am
  • #8,663
  • Nov 2, 2018 9:03am Nov 2, 2018 9:03am
nice day:

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Become the casino
  • #8,664
  • Nov 2, 2018 9:06am Nov 2, 2018 9:06am
Quoting erasmus66
nice day: {image}
well done!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,665
  • Nov 2, 2018 9:09am Nov 2, 2018 9:09am
Bunch of +2 s for me
  • #8,666
  • Nov 2, 2018 9:12am Nov 2, 2018 9:12am
Up to yesterday's high and right back down to the daily pivot for a good bounce there . . . .
  • #8,667
  • Nov 2, 2018 9:20am Nov 2, 2018 9:20am
My trade of the day
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  • #8,668
  • Nov 2, 2018 9:23am Nov 2, 2018 9:23am
On demo but yeah bunch of BE and 1 +10
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  • #8,669
  • Nov 2, 2018 9:30am Nov 2, 2018 9:30am
very unproductive 6 trades 6 +2s
  • #8,670
  • Nov 2, 2018 9:38am Nov 2, 2018 9:38am
Quoting Divergence
very unproductive 6 trades 6 +2s
Consider this...at 6 contracts, after your commission, you still made more than the average American working 8 hours! Awesome!!

Obviously you aren't looking to be just over average, but still gives it some perspective.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,671
  • Nov 2, 2018 9:38am Nov 2, 2018 9:38am
Really nice Trump and Dump overnight. Trump tweets, price goes up.... someone comes in later and says no that's not right, price goes right back to where it was. LOL!
  • #8,672
  • Nov 2, 2018 9:45am Nov 2, 2018 9:45am
Quoting Divergence
very unproductive 6 trades 6 +2s
But . . .. zero loss of equity
  • #8,673
  • Nov 2, 2018 9:47am Nov 2, 2018 9:47am
Quoting magnumfreak
Really nice Trump and Dump overnight. Trump tweets, price goes up.... someone comes in later and says no that's not right, price goes right back to where it was. LOL!
I would be curious to know the % of his twitter followers that are day trading stocks . . . . : )
  • #8,674
  • Nov 2, 2018 9:51am Nov 2, 2018 9:51am
Quoting bapakjason
{quote} I would be curious to know the % of his twitter followers that are day trading stocks . . . . : )
I am sure quite a few have joined just because of how much his tweets swing the markets. Got me thinking about it. LOL!

I think I read somewhere that the stock market lost 2 trillion in value during October. With mid term elections I am sure we will see multiple efforts to boost the markets. Doesn't look good when all of the gains for the year are wiped out in one month. Especially just before elections.
  • #8,675
  • Nov 2, 2018 10:04am Nov 2, 2018 10:04am
Quoting capstone
{quote} Consider this...at 6 contracts, after your commission, you still made more than the average American working 8 hours! Awesome!! Obviously you aren't looking to be just over average, but still gives it some perspective.
your right i made 200 dollars
  • #8,676
  • Nov 2, 2018 10:08am Nov 2, 2018 10:08am
Quoting capstone
{quote} Consider this...at 6 contracts, after your commission, you still made more than the average American working 8 hours! Awesome!! Obviously you aren't looking to be just over average, but still gives it some perspective.
Good perspective for sure !
  • #8,677
  • Nov 2, 2018 10:13am Nov 2, 2018 10:13am
Ended at -9 ... I am going to take few days off and just spend time in replay ... no focus ... my head is messing too much with me ... even on sim mode ... other types of rhythms and pattern ... need to figure out what the heck I want to do ...
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Never give up !!!
  • #8,678
  • Nov 2, 2018 1:33pm Nov 2, 2018 1:33pm
LMAO!! Kudlow says nothing ready yet on deal with china.... Trump says deal getting close. Clowns to the left of me, jokers to the right....stuck in the middle.

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  • #8,679
  • Nov 2, 2018 1:34pm Nov 2, 2018 1:34pm
Quoting Divergence
{quote} your right i made 200 dollars
Soon you will be one H
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every Saint has a past. Every Sinner has a Future
  • #8,680
  • Nov 2, 2018 1:38pm Nov 2, 2018 1:38pm
Quoting turnip15
{quote} Soon you will be one H {image}
VAPE ON NEIL
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