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This week was extraordinary concerning markets:
- highest volatilty
- highest volume
and for the traders:
- margins went to new highs (at least with some brokers) **
So this week had 3 trades
Two negative (-42 - 30 points)
One positive +40 points
weekly result - 32 points
Points since week 2: 390
GFIs1
** despite margins jumped up (with futures and derivatives) - the volumes in the markets spiked up extreme...
First move in the morning was promising - the trade bit in plus.
But looking at my statement in upper post: "IB vol very low"
made it...
The countermove was still with low volume topping entry.
That is risk of last day of month.
Thanks for asking...
Today is a very special day - we had already some high gaps and much volatilty in past days.
So my stop is 30 points - be it adequate or false.
Nothing to predict - trades in this situation are of course of higher risk.
For conservative view - stay at the sidelines the next 2 weeks.
Even my system has sometimes "bad" entry or exit times - over the year it has more
winners than losers.
Hope this helps
Yeah - @PeakGrowth the things are extreme:
Were intraday margins last year around 7K rising to 12K
now they were 16K intraday and the moment of high vola
as they skipped the intrady margin - it was 32K this week...
This has nothing to do with the market itself - it looks like
IB wants to get rid of "small" customers...
And use the moment for their strategy.
