What are your feelings about volatility? Does it scare you? Does it make your eyes light up when you see it? Discuss here.
My take on volatility. I love it! I, first off, am NOT your standard, traditional trader. I remain "outside" the box. I'm a retired VN combat vet so much of my trading is geared to combat strategies.
One day, I looked at GOLD. Talk about volatility (and, I noted that this high volatility seems to occur between 7-10am, CDT, some days). Well, I jumped in for "the ride."
Rode price up like I was on a rocket! As price topped out, I closed and reopened a SELL order. However, this time, as I plummeted down, I dropped BUY orders behind me. When I hit bottom, Again, close order and reopened upward.
I picked up all prior BUYs on the way up again and dropped some more SELL orders on the way.
This loooong trip was repeated EIGHT times! I'll let you guess the outcome. Only one order failed to close and it was truly minimal. All the rest (Figure 6 orders per transit) closed in the money, trading 1.0 lots.
What's your success story concerning Volatility?
My take on volatility. I love it! I, first off, am NOT your standard, traditional trader. I remain "outside" the box. I'm a retired VN combat vet so much of my trading is geared to combat strategies.
One day, I looked at GOLD. Talk about volatility (and, I noted that this high volatility seems to occur between 7-10am, CDT, some days). Well, I jumped in for "the ride."
Rode price up like I was on a rocket! As price topped out, I closed and reopened a SELL order. However, this time, as I plummeted down, I dropped BUY orders behind me. When I hit bottom, Again, close order and reopened upward.
I picked up all prior BUYs on the way up again and dropped some more SELL orders on the way.
This loooong trip was repeated EIGHT times! I'll let you guess the outcome. Only one order failed to close and it was truly minimal. All the rest (Figure 6 orders per transit) closed in the money, trading 1.0 lots.
What's your success story concerning Volatility?
