Comments on: Today’s trading

By: ugly

ugly — Wed, 04 Oct 2006 13:16:29 +0000

Fenner & ExEngineer: yeah it seems like a lot of traders are having trouble
Richard & Paul: good points – thank you for your comments

By: uglychart.com » Blog Archive » Ugly Picks

uglychart.com » Blog Archive » Ugly Picks — Wed, 04 Oct 2006 13:12:54 +0000

[...] Dear Diary, Today I will be Trading Light™. I felt a little out of control with my trading yesterday and I would like to remain the master of my domain. Based on yesterday’s trading, the following stocks are worth noting: [...]

By: Paul

Paul — Wed, 04 Oct 2006 03:09:17 +0000

your frustration of the markets could be your frustration of the past 2 monthes, impatience may be growing. You have done well – take 2 days off. Dont trade when you feeling impatient.

By: Richard

Richard — Wed, 04 Oct 2006 01:52:41 +0000

Some would say the markets are being manipulated to reach new highs just before it’s time to vote to keep your republican in the house. Because “everyone knows” that voting for a democrat is like voting for a market crash. lol Putting on tinfoil cap now.

I personally just think it’s natural. Look. We’ve seen a flight back to big cap stocks, which pushes some very visible indices up to very visible new highs. They need a break from all this up movement, but they aren’t getting it. Partly because oil recently plunged, which causes lots of stocks to look different all of a sudden from a valuation perspective. And we finally got a fed pause on rates. So, we’re getting weaker and weaker thrusts up in the most watched 30 stocks, and the moves are also getting more and more choppy. The quarter just ended and the volume that we missed so much in August and September is just starting to come back. And, since all this change confuses fine young speculators like ourselves, we actually contribute to the problem by trying to guess on the fly what it all means. It will all shake itself out soon enough, though some of the rules may have changed when the dust settles.

By: Trader Gav - Gav’s trading diary » Postmortem 03-Oct-2006

Trader Gav - Gav’s trading diary » Postmortem 03-Oct-2006 — Wed, 04 Oct 2006 01:34:17 +0000

[...] It was not a bad idea to scalp some small trades during the days like this. Market did a turn in the afternoon and moved up. It was just another tough trading day. [...]

By: exengineer

exengineer — Wed, 04 Oct 2006 01:00:31 +0000

I figured it was because I’m a trading n00b, but apparently this is a crazy time in the markets for a lot of people…

By: Fenner

Fenner — Tue, 03 Oct 2006 22:56:43 +0000

am I nuts or is there is something wrong with this market. I wanted to quit after today… I did not expect the push to new highs. Usually, even if things don’t go my way, I’m flexible enough to change direction. But something about the way things have been moving feels artificial… I’m baffled. It ain’t just the cheap oil??? Day after day I get caught off guard and that doesn’t usually happen….

Anybody else have the feeling?

By: ugly

ugly — Tue, 03 Oct 2006 21:50:57 +0000

I trade the high alpha stocks, so they are my watchlist - I go through them in the morning to find gappers.

By: Anon

Anon — Tue, 03 Oct 2006 21:44:06 +0000

As a dummy trader, isn’t the whole idea trading gappers–and if so, there is no real watch-list like there is a watch-list for break-out traders like as traderjamie. you seem to want both, no?