NASDAQ

trading on the NYSE & NASDAQ 2010-05-15 10:38:58

I will not stand on the side of those traders, who are lucky enough to catch a couple of three trades – they are ready to rustle about it at every step, but as soon as they are fucked, they cannot be heard or seen.

Yes… my understanding has increased over the past weeks 2-3. and by ribbons and by entry points. therefore, at the beginning of this week, I expanded the risks once in 1.5. Yes, of course… What do you think? only pushed apart and then his majesty – the occasion came to test my spheres for impact resistance. and how… three in a row on the last days of the week of the absolute risk of the stop per day, and even with a slight excess.

certainly, confidence appeared, that you can close a dozen bad heels in one good day. you just have to wait for this moment.

actually, this confidence is still inside me, so me this red line, which I crossed out 2-3 previous good weeks, not very warping..
I am reporting, that the trades have moved a little away from that stick this week, what I bent earlier and, which allowed me to create an airbag in the first half hour of trading. I understand it, I can do it.

it was worth listening to an intelligent person, who said “the market is volatile now, Anyway, for the first half hour, just look at the selected promotions”. listened. missed good trades, and then I started distribution.

OK. the market told me – need to do “rollback to a restore point”.. will do)

and the upcoming plan is simple:
1. the first half hour I trade open stacks with research.
2. if trades, which I understand at this time did not happen – I open three extended ribbons (unfortunately the laser no longer gives), I open three stacks from the friend list and sit and try to get it.

one more moment: at the beginning of the week I asked myself a question “what move will I look for in the promotions on the chart, so that this stack will become my friend on the tape?”. I was looking for an answer and looking for such stacks. I found them… but it didn't work out to make friends, it was on them that I distributed most of.

something needs to be changed in terms of friendliness… and I already know that. got it on friday.

Thoughts on 14 May 2010

The previous month was the largest in terms of stock volume., but by the middle of this month exceeded the volume of that month Got used to a large position and because of this relaxed, old problems are back. Less began to think about deals What would make better days , enough to make 2 transactions at 50C For the last 2 made a bunch of mistakes, I don't trade tomorrow, I understand mistakes. I will write a post about what is wrong Now every day I will analyze the deals of the previous day and post them The season of company reports is over, the market abruptly subsided. I'm waiting for the connection of NASDAQ charts To stick to the rule ” If 3 deals in the negative – resting ” . I will write down the result on paper and how I see 3 negative I do not open new deals.

Readers' letters

Almost every day I receive letters from my new readers with praise and questions., which makes me very happy and see a constant increase in my audience. Of course I answer everyone their question, but I would like to write to the NYSE Traders Forum,NASDAQ , AMEX because. many will see the answer to your question and perhaps find the answer for themselves. Here is one of the usual letters : Cool blog!!! It's a pity that I didn't find it before. You, one might say, opened my eyes. I was already disappointed in trading, how did your notes help in time?, especially about trading after 1 o'clock. Probably because I'm too young, and emotional, “flew in” in the deal in the first minutes and me strongly “there were”. All the same, it is better to study first. And if you can, you can tell newbies to focus on one stock or a few. I read somewhere that it's better to be “narrow-profile” trader. Can you share your opinion. Alex: If you read my Rules for Trading in the First Month on the NYSE , then I already mentioned, that in the first hour I do not advise beginners to trade. Also, in the beginning, you need to learn how to make the right deals and better concentrate on one deal., and then go to several open positions.

Confirmation

The NASDAQ President is now speaking on CNBC and he confirmed in principle that, what I wrote in the previous post about yesterday's shock.

Nasdaq cancels trades for 6 May 2010

Nasdaq announced last night, that all bidding, taken between 14.40 And 15.00, “which passed for the amounts, on 60% more or less than the value of the financial instrument by 14.40”, will be considered invalid. “The decision cannot be appealed”, – stated in Nasdaq. The NYSE Arca will do the same.. List of shares below :

Continuing yesterday's shock

It seems to me, that NYSE is guilty to one degree or another for yesterday's collapse.
Let's say there was still a big seller for 16bn in futures yesterday. What does this volume lead to?? Of course, a large seller will lead to, that there will be a programmed sell signal on the arbitrage strategy SPX spot and futures, when arbitrage robots will sell shares in a basket in 500 Shares. It turned out to be such a discount on futures before stocks, that it seems that all robots of large houses simultaneously launched sell programs for shares, and each house has its own limits and thresholds for the volume of positions. Usually, this delta between spot and futures does not fluctuate so much., so that the programs run in such a cascade. The program can work for a short time and immediately lies, since delta immediately reverts to fair value. FAir value(premium), by the way, there is a difference between spot and futures.
Such arbitration transactions used to be up to 50% on the NYSE and basically everything goes well. What happened this time.!? Yes, big size of futures came, Yes- program selling went ,and the NYSE, seeing such a situation and not finding the necessary liquidity on bids, decided to slow down trading for 1.5 minutes and therefore the whole blow fell on the electronic markets, where liquidity is usually not always available. and then there is the additional load due to the NYSE shutdown.!!!!
NYSE then declares , that supposedly how important it is to have an auction market, they say the electronic market is to blame due to the lack of a human factor. So if they hadn't passed out, then there was no such fall. Disable liquidity pool , then, of course, another exchange will not cope. If you look at the list of canceled trades, then they are mainly on the NYSE exchange. Because the , when they went offline on other exchanges, the price was trading at zero( conditionally) .
media.globenewswire.com/cache/6948/file/8211.htm

In this way , these are echoes of the old NYSE AND NASDAQ war.
In general, I am in favor of the consolidation of exchanges by asset type. There is no need to have multiple exchanges in one country, trading the same instrument. Create fragmentation, arbitration and technical issues.

And so, in principle, the fall should have happened and it happened. As always, there are external factors, which create a domino effect. If it's too sunny, then something is sure to happen. The market does not forgive complacency!!!!

Due to an unknown error, the US market for 15 more minutes lost $1 trillion

Wall Street trading yesterday, undoubtedly, will be included in history textbooks under the title of the next “black thursday”: in a few minutes, the Dow Jones fell by almost 1000 points, index S&P 500 lost immediately 8,6%, the newspaper writes “Vedomosti”. According to Wilshire International, doing statistics on Wall Street, behind 15 minutes the market lost more than 1 trillion dollars. “It was the largest drop in the Dow Jones industrial average in its history.”, – notes CNN Money website. News, concerning Greece and the passivity of the ECB, have already been won back by the market to 14.42 local time in the USA, when the index suddenly peaked. TO 14.47 Dow Jones Industrial Average fell to the level of 10 000 points, having lost 998,5 item. Prior to that, the most significant drop in a day in the history of the index was 29 September 2008 of the year, when the Dow Jones flopped on 777,68 item.

trading on the NYSE & NASDAQ 2010-04-30 19:57:08

thoughts for the week:

1. dilute daily research with cheap stacks too. with potential. смысл: in them you can confidently and logically hold feet 3-5c, therefore, you can load with a larger size, than in more expensive and more range stacks. how to accustom yourself gradually and get used to operating with new sizes.

2. premarket! study then, which already made a good vol before the markets opened – it means there is interest in this action and there will be movement. act predominantly with the trend. and to search for entries against only with confirmation by teip and with less risk / size.

today is the day:
1Trade – 0
2Trade – +27with
3Trade – minus
4th – minus
5th – minus

the last day of the week and April closed almost at zero (weak plus) and no longer climbed, and hence item 3:

3. the quintessence of risk management I think is, that somehow to understand at the very beginning `` not your day ''. we are all spoiled for the most part by day trading. addiction and desire to 'be in the market" Every day. but there will definitely be days, when you have to `` enter the risk of the stop '', and not a fact, what's in the bag, it so happens that it jumps to the big side and you get a big minus. fish ban is, to immediately understand it and leave. let's say for me it would be a sign – no entrance to the first 45 minutes.. or after a series of trades in the first half hour – bumpy near zero. or something similar.. I don't know myself yet. it is intuitively felt, but it takes more experience.

ps: friday zeros, equity is consolidated after channel breakout, Sunday – new own high. so far so good.
I'll trade the next one and, maybe, I will spread the risks.

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