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At this point, it looks like a gamble on the JPY and CHF. Lot's of data coming out in Japan this week that will make or break you. On Feb 27 we get Industrial Production, Large Retailers Sales, Retail Trade, and Retail Sales. On Mar 2, Workers' Household Spending, Tokyo CPI, National...

LOL! Good luck trading madmunny.

I agree trend_guy. I would rather take an actual loss than close out a long position the day before the stock doubles. Sounds rediculous I know.

I'll be impressed if you have made 10% by the end of the month after closing out your positions .

True, stocks grow in value as the underlying company grows in value. The company creates wealth. The only reason the stock grows in value is because new money comes into the market. Where did that new money come from? It came from wealth created by the economy (in part by that company)...

Sorry, I am bad at arithmetic :( I was thinking 2 weeks 5 days, but its 1 week 5 days. My humble apologies

That was posted yesterday. Where do you live that has 5 week months.

Equity 47,730.33 Interesting. And you've only got 1 week left to double that. You've got two open positions that are each showing a loss of greater than 8,000, and the biggest winner you've had is just over 3500. As I suspected. You have a horrible risk/reward ratio. It is easy to...

Also, madmunny, Cramer destroys wealth. :D

And I'll reiterate that there is an important distinction between the economy creating wealth and the stock market creating wealth. The economy creates the wealth, the stock market does not.

Fair enough, but the stock market does not create wealth, the economy does.

Time? Does the risk free rate not factor into prices anymore?

No, the MM is part of the market too. He is buying and selling just like you (only on a shorter time frame). He takes losses sometimes to my friend. If you add up all the profits and subtract all the losses of all market participants it is not negative sum (other than commissions. I'll give...

I do not think it is fair to count the bid ask spread. You can sell at the offer and buy at the bid without the market necessarily going through you. i.e. if you sell at the offer, that doesn't necessarily mean that it is now bid at the price you sold it at.

Alright, perhaps the stock market is not zero-sum because it does not require short sellers. The futures markets obviously are, and that is what people usually are referring to when they say zero sum game. The stock market may be positive sum as long as new funds are coming into the market...

For every buyer, there is a seller. Therefore, when the long makes money the short loses money. This is easy to see in the future and options markets. In the stock market, I suppose it may be a little different. If you buy in the primary market, perhaps it could be a positive sum game...

If you are a high volume trader you cannot put on all of your position at once almost by definition. Let's assume that you think that a high volume trader would be someone that trades 10% of the volume. Suppose you wanted to buy. If you tried to put your whole position on at once, you would...

mr double, let's see your Sharpe

I wouldn't say godly. If you take 3 big points of risk just to make a pip, it is understandable that there would be few, if any, losers. Some positions may end up being open for a couple years though.

hmmm.. You think Warren Buffet would agree with that?