iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Stop Freaking Out About the Futures Every Night

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With the action in the futures market the past two nights especially, but overall over the past few weeks, you would be better served ignoring them, unless you actually trade futures. On several occasions, the “this market feels crashy” crowd has been pretty certain that risk is decidedly off overnight with Europe selling off hard, only to see the market open either up or flat the next day. If you swing trade equities, forget about the bucket shops and focus on the cash market. You will save emotional capital, which is precious now more than ever given the high strung nature of just about everyone involved in these types of volatile markets.

 

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4 comments

  1. JakeGint

    Yes!

    Shit, yes!

    _______

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  2. Tommy Lackey

    Chess,
    I have found some success in using all hours in my charts. It seems to be printing better chart patterns and indicator signals on intraday data. would be interested in your thoughts
    gtlackey

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  3. MOTV8

    LMAO!

    Fuck yes!

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