Hello Traders,
For 2014 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Spoke with a few nice clients today about trading, the recent low volatility in stock index futures and trading in general.
The main point, which I had to remind myself and clients is that we need to adjust our trading to the markets, the markets will not adjust their behavior to accommodate us.
More than a few examples:
- Stock Index futures back to “controlled/manipulated mode” with not much fear = tight ranges, most of the move happens overnight, low volatility.
- Veteran’s day today – If you are trading bonds like I do and did some homework from previous Veteran’s days, you would have found out that becuase the pit session in bonds is closed and the banks are closed, the preferred method for today would have been to counter trend any moves over 7 ticks from yesterday’s close. As it happened bonds were down about 11 ticks at the low for today and finished unchanged…..There are many more examples and keeping a good trading journal can help you keep track of your research and find certain days with high probability for certain behavior.
Talking about Veteran’s Day made me realize that yesterday’s blog should have been dedicated to our veterans and not about the markets, but better late than never…..:
