Search results

Woulda, coulda, shoulda.....I'm in the same boat kicking myself over the subprime lenders. About a month and a half ago, maybe more, I talked to a credit analyst friend of mine one morning about the potential for subprime to worsen - she painted an ugly picture, worse than I even thought it...

Well, spreads are still volatile at 8:47 - and some nice movement in both directions already :cool:

I'm in cash - except for the futures trading I'm doing.

:p I would just love to hear how someone on ET really made out in the macro view, short multiple assets classes for position trades before last week even began.

We all know the futures are thinly traded on Globex overnight, but does anyone else think the widening bid/ask spread is foretelling? I was watching some 4 pt spread moments on the YM. If selling pressure is that great now, and we are seeing spreads like that on no volume - is a freefall...

Just curious........ Has anyone gone balls to the wall short on their entire portfolio, trading or investment, during the last week?

Yea, that was discussed a lot this weekend on ET TrendyTrader. This might all be institutions unwinding trades - but the psychology of the selloffs hasn't even begun to be felt by the retail sector. Babyboomers could panic and go to cash.

Thanks Neet. Don't stop posting - ever since last week, there has been a lot of intelligent discussion on the site again - it was going downhill fast. Now, serious debate and give and take. Good stuff, especially now that the kids and posers are gone (for now at least). This thread was...

Anythings possible. Overall, I would feel more secure with the little banks over the big banks.

So....... 1) You scale in 2) You never go all out 3) You let the trailing stops trigger your exit on each and every contract More questions: 1) How you do you calculate your trailing stop - is it percentage based, or a hard value that you keep readjusting as you go? 2) If its...

Gotcha Neet Ok, during the course of a trade, you may choose to scale out or go all out depending on the price action of the trend. Some questions for you: 1) If you are riding the trend, and have started to pyramid, what is your price action rule that would act as the trigger to start...

Instead of buying the big banks, have you considered buying smaller regional banks that may get bought out, and that wouldn't have a large exposure to derivatives?

Ok, now I want to write a diatribe against the house: I don't think much has been learned from the past when it comes to understanding outlier effects and the associated risks of trading. LTCM, Barrings, Amaranth - no one heeds the lessons. PHDs, quants, hire as many as you want - the...

I actually agree with scaling in to winning positions. Wait a minute, it just occurred to me that I missed something someone said earlier, and reread your posts. Are you adding more contracts like this: A) sell 1, sell 2, sell 4, sell 6, etc Or are you adding like this: B) sell 1...

I think people are concerned about the trailing stop loss actually getting you out at a good level and not blowing through it so bad that you lose far more than you intended on those 30 contracts. But that's the risk of using stop loss orders of ANY kind. Regardless of the debate...

Good points helo... Banks may not be making outright bets and directional plays like hedge funds, pooled money, IB's etc. However, they are in the game - if counterparties fail to perform their end on swaps and other derivatives trades anywhere in the system, a dominoe effect will harm all...

Some good stuff in those last few posts Spectre2007

Funny you said that scary Pumpkinhead - I just started reading "The Logical Trader" today:cool:

Ok, so you: Scaled in, went all out. Someone on this site will find fault with that. It works for you, so #^#% 'em and trade on :cool: PS - If Neet is trading 30 YM contracts, that's 30 more than most on this site :p

Agreed Businessman. A hedge fund going public - we may yet look back some day and say that this IPO called the top the market - or at the very least, the lowest point of volatility :p Are any of these hedge funds truly hedged - LTCM were "the smartest guys in the room" :p