A daily chronicle of results of one retail futures trader trading my own accounts. I define myself as a day trader and generally swing for at least a few points most of the time. But I do make the occasional scalp for ticks too.
Monday, December 9, 2013
Mon. 12/09
1:25pm CST - Guess I can live with $62 in slippage when I can make $500 in under a minute. Tomorrow's monthly crop report at 11am CST will make for an interesting day in grains.
This year the short term volatility has been much higher, making it more difficult to capitalize on market fluctuations. On the other hand, the longer term volatility has been smoothed out- making this year a dream for "buy and holders".
I wouldn't say trading is getting harder, just that this particular year has favored either quick scalps in the short term or just keeping a long position.
Of course we all know that "buy and hold" also comes with risks, and when those risks resurface to make that a difficult task, trading will likely move to being less thorny as well.
"short term volatility has been much higher, making it more difficult to capitalize on market flucatations" - what do you mean? More volatility does not equal more opportunity?
I agree that that 2013 was a tough year, especially for a slow trader (5min bar) like myself... The lack of trading opportunities/winners has me rethinking my "trading for a living" strategy.
This year the short term volatility has been much higher, making it more difficult to capitalize on market fluctuations. On the other hand, the longer term volatility has been smoothed out- making this year a dream for "buy and holders".
ReplyDeleteI wouldn't say trading is getting harder, just that this particular year has favored either quick scalps in the short term or just keeping a long position.
Of course we all know that "buy and hold" also comes with risks, and when those risks resurface to make that a difficult task, trading will likely move to being less thorny as well.
"short term volatility has been much higher, making it more difficult to capitalize on market flucatations" - what do you mean? More volatility does not equal more opportunity?
DeleteInteresting observations... I'd like to order "less thorny" for 2014 please.
ReplyDeleteI agree that that 2013 was a tough year, especially for a slow trader (5min bar) like myself... The lack of trading opportunities/winners has me rethinking my "trading for a living" strategy.
ReplyDelete