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Re: High Volatility and Long Liquidations
YM was routinely moving 40 ticks in under 2 minutes today.... these are truly abnormal times -- I am definitely adjusting size... for example, today I was adding YM contract size 'around' my entry point. my usual 15 tick stop loss just doesn't make sense in this environment -- it can move that much in literally seconds. so I found myself 'averaging into' a position -- just 2 measly contracts at a time.... picking spots over the course of a 2-6 minute timeframe rather than lumping full size on at one arbitrary moment. much easier to ride out that first 40-tick range 2-minute bar when you only have a few contracts on...
I am having big week but today was the least profitable day of the week for me. Made a lot on YM but gave a chunk to others on NQ. hope somebody here was the recipient of my NQ donation. NQ patterns today were needless to say --- 'highly complex' -- I couldn't interpret them until well after the fact.
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