Friday, June 28, 2019

Quarter 2 2019 Trading Summary -12.8%

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5 comments:

  1. UnknownJuly 14, 2019 at 9:56 AM

    fwiw... I completely switched tactics from intraday to no time limits, aka swing trading and that in itself has been the difference for success. IMO modern illiquid, algo-markets across the board are not intraday-trade friendly. To say the least. For me it's been a reversion to longer time-frame charts, holing positions all day if not two - three days or more.

    Next will be the addition of spread trades along with equity options for swing positions lasting days to months. Different world out there now for us humans... adapt or perish as Darwinism always dictates.

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    1. UnknownJuly 14, 2019 at 9:59 AM

      P.S. I don't know why my "alias" shows as unknown... it should read AustinP of the former CoiledMarkets.com

      I'm retired from the educational world because swing trading has far less mass appeal than bang-bang day trading, and the trade-management aspect is nearly 100% individually subjective. That said, one can merely enter trades similar as usual... just use slower charts and steel oneself to step away from the screens and hold fast.

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  2. TrinJuly 15, 2019 at 1:51 PM

    AustinP, I agree with your comment. Adjusting from day trading to swing trading works well if your able to hold on through the volatility, I also agree about having to "adapt" to current market conditions, easier sad than done when you are in the heat of the moment.

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  3. MBAGearheadJuly 16, 2019 at 1:30 PM

    Thanks for comments Austin and Trin. Good you are still at it. Whether day trading or swing trading, still need an edge. And I'm still working on that critical ingredient!

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    1. UnknownJuly 19, 2019 at 3:21 PM

      {Austin} personally I see zero evidence that ANY human traders are succeeding at intraday-only trading in current times. Whether discretionary or systematic. The handcuffs of a few-hour hold time negates any edge because way too many sessions are either choppy-flat or their is one surge-blow explosive move. The flat days are impossible to avoid and the single-move spike or slam days are impossible to all be executed. But if we humans target wider swings and eliminate time as the handcuffs, anything is possible. I also realize that once someone has the day-trade mentality burned in emotionally, that is tough to mentally overcome. Fortunately for me, I was a swing - position trader (equity options) for the first few years of my trading career.

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