Archive for the ‘Trading Volatility’ Category

Biggest market moves since 1933

Thursday, October 16th, 2008

The Market has a lot of pep these days, unfortunately it’s mostly to the downside. I guess we should not complain because there is no shortage of action in the S&P E-Mini futures market. As I understand it, the market has not had this kind of volatility since 1933, with over 10% swings in a day. Incredible. I may even change up my strategy a little and be on the prowl for more of these big moves. I have plenty of tools to help me stay in the trade longer, while taking some profits early and letting the rest run, baby run. It might work out after I pick up say two times my daily goal and then just wait for the right time to strike, like a sniper would. He waits as long as he has to in order to hit his MARK.

I missed a good 15 point run today by moving my stop one tick down and getting stopped out. I wasn’t happy, but I pulled myself together and waited it out for another setup. That’s what I teach myself and today I had a chance to live it.

Below are a few 5 minute clips of some of my short term scalping. I was only trading 2 contracts on most all of these, but it adds up fast.  I hit my daily goal in about only 5 minutes of trading, which was nice. I have come to expect that, but I know that if I let my guard down, I will get spanked like a little baby and today I deserved a spanking, for a few impatient entries.  I was able to come back right away but that is beside the point. Anyway, here are the posts. I may not be putting my screen shots up like this, but I will post my equity charts, showing all my trades for the start of my day, first hour at least. My trade post will now be in my new web site, www.sniperdaytrading.com. Enjoy the rest of your evening and we will talk tomorrow. 

Vince

http://www.screencast.com/t/3xos4WoOjs   Today’s Profit trading only 2 contracts

http://www.screencast.com/t/EuGBVN97

http://www.screencast.com/t/ISBvjtvo5

http://www.screencast.com/t/1ZWoLGCcgt

http://www.screencast.com/t/pxBTy8BvSk

High volatility just means more opportunities

Thursday, September 25th, 2008

Today, I counted the number of trades generated by my method on the S&P E-Mini’s and there were 107 trades of 1/2 point each.  I took many of these trades in the first hour of the day with another 5% gain in my account.  Since last week I am up 33% in my account. (100,000 to 133,800)  We don’t need to be afraid of the increased volitility or swings.  We just need to follow the trading rules and chip, chip, chip away.  It adds up. 

My minimum goal is just 4 of these little 1/2 point trades.  It is no problem at all to get this, when you chip away at it.  The market swings fast, very fast, and that is why my method is working like a charm.  I have not had a losing day in months.  When I place an order to buy, I have, at the very same time, my stop in place and my target in place.  With one click of my mouse, the rest of the process is automated. 

I was timing how long my orders are taking to complete and I would say that on average it is about 15 seconds.  That sounds fast and it is.  You sure don’t have a lot of time to stress during the trade and that’s great.  If you multiply that times 4 trades (15 seconds x 4 trades= 1 minunte in the market.  With each trade profit at $125 dollars you are looking at 4×125= $500 per day and that is just starting out with 5 contracts. 

You need $7,500 as a deposit to place this trade.  So that’s 1 minute netting $500 dollars.  Don’t get too giddy in thinking that this is guaranteed without work.  It is very attainable, but you need to be committed to the process and be teachable.  When the time is right, I will share more of this information with a select few. 

Below is a chart of the first 20 minutes of trading this morning. Please click on it and read some of the notes I have posted.  It will give you an idea of what I am doing.  Drag your mouse over the link below and click on it after you see the picture.

http://www.screencast.com/t/k4outkMcBB

http://www.screencast.com/t/LnO2M2cR