Wednesday, September 29, 2010
50/50 Either Way
Investors vs. Daytraders
Let me just say up-front that daytrading is one of the most boring and frustrating things you can do. Unlike golf or carpentry, you don't determine when the results get produced. You have to wait until the market is ready. People don't like to wait.
That being said, I believe daytrading gives me maximum control over cash flow and account growth. Investing is, by it's very nature, dependent on what the herd is doing over a long term.
On a day like today, when the market really didn't go anywhere, a properly equipped and trained daytrader was able to bank a fairly sizable profit.
In my case, I happened to take a nap Tuesday evening and woke-up around 2 am this morning. Looking at the two minute chart below, you can see it was a busy sideways time producing about $3,500 per contract for the day.
Warning!
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
Saturday, September 25, 2010
Thursday, September 23, 2010
WHAT HAPPENED???
Like I said... at 8:30 this morning... "the market is breaking down"
But then we had this "rally" at the open....
But the "breakdown" finally came... after the "baby bulls" got sucked in to going the wrong way.
If you didn't have the FRO indicator that was forecasting a top days in advance, you probably got beat-up at the open and beat-up at mid-day when the sell-off came. You may have given-up and joined the longs after getting robbed in the morning when you were expecting the overnight down move to continue.
All I can say is... "FRO been very, very good to me."