Thursday, June 25, 2009

Double Pin

Yesterday 900, today 920. Incredible - I mean everyone already knows they are doing it - so they may as well make it as obvious as they can. Of course that could all just be a coincidence - just like last nights stop clean up (yeah I got hit too)

Let me ask you guys a very basic question - and I want an honest answer. Why are we trading this? I am seriously considering staying out a bit more. I keep on telling myself that just to come back the next day for more - but this chop is getting very frustrating.

1 comment:

  1. I'm trading because I feel like the whole market is being manipulated. Basically if I bet the opposite way ever other day, it seems to move 20 points and you can make money, but it no longer has anything to do with market, economy, price of oil or dollar. I'm not sure what in the world will get us out of this infinite see saw. I feel like the fact that UPRO and SPXU are being created, shows just how much the market is looking for those types of trades and how much manipulation is going on as without volume it is easy to move the market in whatever direction you want.