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Day Trading from an Ogre's Point of View
Updated May 12, 2020
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Day Trading from an Ogre's Point of View
July 25th, 2018, 10:27 PM
Bridgeport, Ct
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 923
It has nothing to do with Trump or anything else. Facebook reported earnings and the stock price was down over 20% after hours. It makes up something like 6% of the index by weight I believe.
Can you help answer these questions
Best Threads (Most Thanked)
July 26th, 2018, 01:41 AM
Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
TheShrike
It has nothing to do with Trump or anything else. Facebook reported earnings and the stock price was down over 20% after hours. It makes up something like 6% of the index by weight I believe.
https://www.nasdaq.com/quotes/nasdaq-100-stocks.aspx
July 26th, 2018, 02:00 AM
Bridgeport, Ct
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 923
TradingOgre
Your post made me go do some research.
Here is a list of the Nasdaq100 and their weighting:
https://www.nasdaq.com/quotes/nasdaq-100-stocks.aspx
You were right about Facebook being about 6%.
I need to create a watchlist of all of the stocks just to keep an eye on news events related to the NQ.
July 26th, 2018, 03:26 AM
Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
Looks like the European markets don't want to commit to anything yet. Hanging out around the VWAP line.resistance .
July 26th, 2018, 03:40 AM
Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
Market is trapped. If it ever makes up its mind I am ready.
July 26th, 2018, 04:05 AM
Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
Down we go.
July 26th, 2018, 04:15 AM
Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
Moved the stop down to the small swing and price came up and took it. +25 profit.
July 26th, 2018, 04:51 AM
Evans GA/USA
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: NinjaTrader Brokerage - Philip Capital
Trading: NQ,ES,6E,CL
Posts: 556 since Jul 2018
Thanks Given: 908
Thanks Received: 1,672
Finally got the activity statement for 7-25-2018.
July 26th, 2018, 04:59 AM
Chiang Mai Thailand
Experience: Beginner
Platform: Seirra Chart
Broker: Stage5 + Denali
Trading: MNQ
Frequency: Many times daily
Duration: Minutes
Posts: 735 since Jun 2017
Thanks Given: 1,223
Thanks Received: 2,336
TradingOgre
Finally got the activity statement for 7-25-2018.
Marcus Aurelius
"Not to assume it's impossible because you find it hard. But to recognize that if it's humanly possible, you can do it too"
July 26th, 2018, 05:35 AM
Chiang Mai Thailand
Experience: Beginner
Platform: Seirra Chart
Broker: Stage5 + Denali
Trading: MNQ
Frequency: Many times daily
Duration: Minutes
Posts: 735 since Jun 2017
Thanks Given: 1,223
Thanks Received: 2,336
Got a reversal print on YM and NQ. Nice confluence.
Marcus Aurelius
"Not to assume it's impossible because you find it hard. But to recognize that if it's humanly possible, you can do it too"
Last Updated on May 12, 2020
Now you're thinking. The top 5 stocks by weight are Apple, Google, Amazon, Microsoft, and Facebook. Those 5 make up about 50% of the index itself. Something to keep in mind if you're trading NQ.
