Although "roll over" in the futures will continue through the week, a good deal of the volume is already trading in the December contract. The Labor Day vacation period is over. Rosh Hashanah is over. Roll over is essentially over. There are no more excuses to be made by Mr. Market as to why he wants to continue impersonating Rip Van Winkle. The coming weeks should be more lively. Until then, some thoughts from GS?
Starting Thursday the quarterly roll over from September to December begins: December is now "top step." At this time volume is split between the current contract of September and the new contract of December; thus trading volume, and most likely volatility, will continue to deteriorate until at least next Tuesday.
Friday's Jobs Data and the market's reaction to it was no surprise. It was my belief that traders had decided several days prior to the release that equities would rally regardless due to the chatter in the market
How the time of day impacts your trading.
Hardly a week goes by that I don't get an invitation to sit in on a webinar to learn to trade without stops. The invitation comes with warnings of the unnecessary losses traders suffer by using stops. Friends, nothing could be further from the truth.
The world where we humans live has always been and will always be a turbulent one. Life progresses smoothly for a while, and then unexpectedly, it can change. Success becomes failure, and sometimes failure can turn into a catastrophic loss.
According to the old adage, a fool and his money are quickly parted. In today's world, acting like a fool is a sure-fire way to lose all of your money. In this article I've outlined 3 ways to avoid.
Each day the market defines a Market Profile (MP), a Value Area (VA) and a Point of Control (POC) all of which are invaluable trading the following day. Similar market derived data over longer time frames is also of great value to day traders and other time frame (OTF) traders.
This title assumes a great deal. It assumes that as a trader you are already profitable and that markets are not ordinarily scary. If you can identify with these assumptions, then you have come a long way in your development as a successful trader. In as much as 95% of traders fail in their attempt to become successful trader. I suggest I back up a bit and address this to those who would be amongst that 5% who are consistent winners in this zero sum game we call day trading.
The trend is your friend – until it ends. How can you determine when a change in trend is likely?
A friend of mine in the futures pit had been having a rough time of late when he asked me a typical question among us traders ? How do I come back from a loss? Since he had been having a "rough patch" and not just one bad trade, I gave him the following advice that is to be used over a period of time…