When does the MINI SPI contract start trading?

[Hopeful]

HSI had a strong morning down today. I traded poorly but still managed to pull a few pennies out. Days like this are easy to trade. More please. Thought we might have been in for another big China drop this morning when it fell 500 points in an hour. Touch wood.

 

[professor_frink]

Professor Frink, I had a pretty bad "week" (I can only trade 4 or 5 morning sessions a week and one full day) trading MHI. My limit orders weren't getting filled and I ended up taking much bigger losses than intended because of it. The point you made about the five-point spread is making more sense now.

I'm now in the red by a few thousand HKDs, not that it's a big deal but psychologically it doesn't help my ability to pull the trigger. Not only that but I managed to miss many of the nice big moves but was very good at catching the false breakouts and whipsaws .

Why is it that the big moves are so elusive but the little ones are constantly begging to be traded?

Sorry hopeful, completely missed this post

Sorry to hear you've hit a bit of a rough patch, I hope it's getting better now

I went through a similar stage in missing quite a few great moves over the space of a week or so, and picked up pretty well all of the losers

I've found that there are days where you will miss good moves if you aren't prepared to chase the market recklessly. There isn't much you can do about it.

I'm only upset when I miss out on a move because I hesitate at the critical moment, or aren't paying attention when I should be. Unfortunately, that still happens(stupid internet and television has left me with the attention span of a toddler!)

If your plan is sound, then get back in there and keep swinging

I think you'll find it was Pager talking about the spreads. But either way, it's something to always be aware of. It can look pretty horrible at times!

 

[chops_a_must]

Thanks for the fantastic read fellas.

I shall come back in a few months time now that I have my eyes wide open.

Time to get my head down and to learn all this stuff...

By the looks of it, the HSI might be better to trade than the SPI... interesting.

 

[Hopeful]

I don't trade it much anymore, I'm day trading US stocks daily now, doing well. But that's not to say that the HS isn't any good for day trading, it is, but it is also terrible when there's no volatility or major moves - I got badly chopped up many times. Catch the HS on a good day and you can score a small fortune in a matter of minutes. I'm learning the same thing the hard way in the US markets - if the market is flat just leave it alone and walk away 'cos you'll either lose or get nothing, waste of time. Look at the HS for Friday the 24th (August) and compare it to the 17th or 21st.