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The term 'opportunity cost' has a different relevance for me. I am never close to maxing out on buying power, even on multiple positions, so it is not a case of needing to shift funds out of one trade into another. The "cost" for me is in the next "opportunity", literally speaking -- the...

Just thinking out loud, would appreciate opinions. What are basic elements of trade risk? Of those that we can control, two major elements are position size and position duration (time in trade). I suppose we can safely assume that for all markets, with few exceptions, the likelihood of...

Sticking my hand out to buy a few eur here, 1.2200 june futs.

He's a permabull, pure and simple -- pretty much useless for short-term traders and very dangerous for johnny-come-lately longs. Yes, it's been a nice ride if you were long since $5 and if so then you've got a nice cushion to ride the volatility, but where are you going to put your stops if you...

They've been saying the same thing for a long time now -- longs must be equally careful. I've seen YI drop a dollar in the space of 2 minutes with a "steady" 250 pt spread all the way down :)

Just in response to this as a response to what I posted, I came to this conversation late and may have misinterpreted or assumed something that was not there; apologies if I confused the issue somewhat (I think I got nitro's and thunder's views reversed :)). Your last post comes across...

But isn't it true that the 80/20 is just the statistical result, and that you actually feel "right" 100% of the time in doing that trade -- that you would "take" that trade every time you're given the opportunity? I would believe traders who work with statistics, backtesting, rinse and repeat...

But someone sold those shares of stock in the first place. Stocks don't come out of nowhere -- when issued, they represent a transfer of ownership. There might not necessarily be a short for every share, but there is (was) a seller for every buyer. An company goes public at the peak of...

If you want leverage, why don't you just trade CAD futures via IB? During RTH you'll get 166:1 -- a great way to double/blow out your money in a single session if you pick the right/wrong day & direction. :D

Here we go again! wb :)

Sounds like the key difference "philosophically" between a systematic approach vs discretionary approach to trading -- that is, playing the percentages vs taking each trade independently. In the former case the "correct" play is assumed and acted upon beforehand; in the latter, the trade is...

I've asked several times in the past for risk management options exactly as you specified, thinking that they would provide the exact solution for each of my "problems". But trust me, it is better (if perhaps more costly in the short run) that you try to get to the point where risk control...

Let me guess, you never cashed out but went short aud/jpy instead as well? Gotta love that "magical" world of forex. :)

My not-so-profound point is that there is no edge in just rate differentials, that is all. If you can call the "turns" in a timely manner, why bother with a few pips a week in carry when you can just outright trade the pair in either direction. There is no "free money" from a carry trade, as...

Okay, I just eyeballed it. The point being: if one could time the direction of the pair to know when exactly it was right to "cash out", one wouldn't be bothering with the interest carry in the first place.

So basically anyone who carried this pair for the interest differential until now has given back, say, 30 weeks worth of carry in a couple sessions? Is that correct?

Threads like these are very inspiring. :)

The funny thing is, if the ETF is approved the silver bulls predict a massive squeeze as investment dollars take physical out of the market creating a huge shortage. If the ETF is not approved, the reasoning will be that this just goes to show there is already a massive shortage of silver and...

Any news out today?

Can you give a quick summary why you're still short here? Looks like we're getting overbought so hope not much more for you to suffer.