yes, still long. added more, in fact.
by expected value i mean, say the odds of it going down are 70% for a loss of 50 ticks. odds of it going up may only be 30% but may make 200 ticks.
just an example to illustrate.
You could make 25% a year, WITHOUT any need for leverage in investing/speculating/trading liquid assets like stocks, commodities etc. You can reach your goals without undue risk.
With property, the illiquidity factor is there, there are hassles with maintenance and tenants etc. Also, when...