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It didn't make sense to trade the price fluctuation in EURCHF in 2015. The only logical explanation to be in this trade is the positive carry trade. Can't think of anything else. Whether it works in real markets or not is not the issue.

I think most traders in the 2015 EUR/CHF entered not because how it looks on the chart, what trend it is in. The price fluctuation was so little that it is not worth the risk to trade the price movement. The most logical reason to be in EUR/CHF is the positive carry trade. Juice the positive...

What do you mean by cap on losses? Stop loss orders? For the swiss trade, CHF gapped right down bypassing the stops. That's why it killed so many.

I wonder why the lack of warning from SNB. Usually, central banks drop hints so that traders can do the work for them without the central bank spending too much of their own money. Did SNB make a lot of money from this black swan event which is created by them?

When SNB announced that they will stop defending the EURCHF 1.2 floor and let CHF appreciate, Swiss Franc shot up 30%. What were some warning signs that traders could have heeded to protect themselves from this disaster? Did SNB issue warnings or made some hints before they make this U-turn...

I have never traded leveraged spot forex or forex futures before. I have a newbie question about trading hours of spot forex versus CME forex futures. I know that spot forex trades round the clock. Does this round-the-clock trading apply for CME forex futures contracts such as 6A or 6E? I...

You have HK in your nickname. You're from Hong Kong? I remembered in 2015, Hong Kong stock market had a powerful rally from Apr to Jun. Those who were on the rally made loads of money. I guess that HK rally helped you recover losses from the terrible CHF and European stock trades. This year is...

Thank you for your insights. I understand now. It was the positive carry with the seemingly low risk that the price would not move much to take away the positive carry assuming SNB kept to its promise of defending the peg. I am glad it was only a bad day in the office. It means you had good...

In 2015, the Swiss central bank decided to unpeg CHF to EUR and CHF made a huge gap move. It killed many traders. The damage was so extensive that even brokers were killed. What puzzles me is why would traders even get themselves into this trade in the first place? EURCHF did not fluctuate much...

I am using the latest built of Interactive Brokers TWS 973.2h Sep25. It seems the read-only mode has disappeared. Anyone faced the same issue? I would like to have this feature but it suddenly disappeared. I wonder if it's been removed by IB or some settings problem on my side. The read-only...

Billionaire Ray Dalio attributes meditation as the biggest factor for his success. I am not greedy. A tiny fraction of his billions is enough for me. I would like to ask the elitetraders here who meditate for trading outperformance. How do you meditate to set up your mind for trading...

Are the CFDs having problems index CFDs? Index CFDs are the more popular CFDs.

Sounds like a problem that many men would love to have. Are you facing this problem today?

In a recession when many companies announce losses or go bankrupt, the Norway government is in for a huge reverse tax bill.

Thanks for the clarification. Symmetrical taxation is new to me. I thought tax carry-forwards are deferred taxes which can only be utilised when there is future profits.

I doubt Aas trader will have future taxable income since he is bankrupt today. I don't think bankrupts are permitted to trade.

Will interactive brokers be affected? This bail-in thing is a risk to all customers. If our broker default because of the cost of bail-in, wouldn't all of us be affected? I am a customer of IBKR.

if something can trade suddenly to $2200 from normal range of $40-$60, it makes a good case for the clearing house to severely limit the amount of leverage allowed for trading this security.

I guess this thread title asked the wrong question. The right question should be "What risk management did the clearing house make?"

He was one of Norway's richest man who got rich through trading. Therefore, his trading record must be very impressive. COnsistent with good gains. Yet, he blew up this week. What risk management mistakes did he make? One that I can think of is excessively large position. It has to be excessive...