Emini Day Trading: Lower VIX – But Still Great Trading!
The volatility has really dropped and the markets are once again like watching paint dry. Just a few months ago we were knocking out 7 points in 20 minutes. Trade after trade. Now, we gear down a bit, make our point profit and roll. I must say however that I have left a lot of money on the table!
We had one and done emini trades all last week and today. My thoughts are simple – with the lower volume and volatility – make the point and have a quick day. And its working great! I still do not complain about making 1 point a day and being done in 20 minutes or so. But we are having a lot of winning trades the last few days!
Anyhow, it’s all good – the system is making money, and my students are HAPPY. That makes me happy.
That’s it for today! See you tomorrow!
Cheers!
“VIX is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market’s expectation of stock market volatility over the next 30 day period. The VIX is quoted in percentage points and translates, roughly, to the expected movement in the S&P 500 index over the next 30-day period, which is then annualized. The VIX Index was developed by Prof. Robert E. Whaley in 1993 and is a registered trademark of the CBOE.”
— quoted from : http://en.wikipedia.org/wiki/VIX
