Quote from optioncoach:
... and I assume it is hold it indefinitely until you eventually are correct since it simply says short the market at that level with no mention of stops
" The stop is 4X+Y
with X and Y always starring at your eye.
If they asked politely he may have revealed Y,
and probably X and the why
behind the expression 4X+Y"
"If he can rim eyes, whys, and Ys
Do not you think he is wise,
And he may have the unsual eyes
That know and understand the whys
To short and long anything that underlies
With the whens and whys
At an accuracy close to an always"
--May 19, 2008, 5:56PM by riskfreetrading (in addition to trading he likes to tickle poetry. He may sound pretentious, but he is really a friendly person).