Global Macro Trading Journal

I finished listening to Anthony Robbins audio tapes called 'Time of your Life'. Its a course designed for 'time management' and how to increase your productivity. I learned a ton there. With regards to trading and global macro, I realized I was spending too much time just 'reading the news' and going through blogs/articles without an outcome/purpose in mind, this resulted in long reading sessions that yield little or no change in my trading or portfolio construction

Now I realize I need to tackle some key issues when reading instead of just reading anything that I come across

1)The EU situation, is the € going to disintegrate?Are they headed to a deep recession, how bad the ECB will react, etc
2)The US economy, is it headed to a double dip, how bad will be this recession compared to the last one, how much stocks should fall, how much QE should occur
3)The Chinese economy, is it a bubble?How much will commodities get hurt by a slowdown there. I don't even have the main econ numbers from China in my memory and how is the 2nd derivative, etc

I feel like I have a good handle on 2 a decent one on 1 and 3 is my weakest. So Robbins theory is that because now you know what you need your brain will start to alert you when you come across information that will help you. I'm reading the economist and I'm noticing more articles about China and reading them, so maybe that theory is correct

Most of my reading needs to be guided to these three areas(specially 3) because if I do that I will come out with the most number of new trade ideas plus will be able to manage the current trade ideas better
 
Quote from ralph00:

Do you know anything about those SSO options I posted about?
More...

I don't .... but are you aware of the decay that (often) results from the leveraged ETF structure?

Hence it is often best to sell options on leveraged ETFs, rather than suffer from the decay that results if the underlying does not move in a "straight-line" in one direction.
 
Quote from m22au:

I don't .... but are you aware of the decay that (often) results from the leveraged ETF structure?

Hence it is often best to sell options on leveraged ETFs, rather than suffer from the decay that results if the underlying does not move in a "straight-line" in one direction.
More...

My question was more about how the $45 calls, expiring in mid-September, could be trading around $2 in July when the underlying shares are at $55. It seems you could have bought the options, sold the shares and made a very large arbitrage profit. I'm thinking the IB charts have to be wrong.
 
DSK case dropped and charges dismissed. Justice is done, but not before the man had to resign his job, spend enormous sums on lawyers (which he, but not all of us, can afford), and spend a weekend in the sodomy chamber otherwise known as Rikers Island.
 
Out of the SSO options at $0.58. 35% gain from Friday afternoon (actually picked up a few more on Monday in the 0.30's, so even better!). Easy game ... sometimes.:cool:
 
Short Term Tactical Trade Call:

$Yen had a powerful spike up, as a result of US 10yr spiking up. But this spike in $Yen should be faded (even if 10yr holds up, $Yen will come back). Enter half position at 77 and other half at 77.5. Target 76.5 within next 2-5 days.
 
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