LOL, i dont got the balls to go long this move, but now it looks like they are going to cook alot of shorts today, dont feel so dumb now for punching my short at 2064.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
LOL, i dont got the balls to go long this move, but now it looks like they are going to cook alot of shorts today, dont feel so dumb now for punching my short at 2064.
Still in YINN, I'm down on the trade, had huge gains I took in CHAU yesterday around $29.
YINN I'm holding till $44-$48 area to sell
Until then not going long China or short, will wait for 5000+ on shanghai to short or under 3000 to go long....
With the markets zip zagging I'm stuck in some trades, volatility is great but this whole market seems to be stuck in a 200-300 point trading range.
Nice work man!!! all these moves in the ES seem easy in hindsight, but i never had the balls to trade it either way, cant stand all these massive gaps.
Does YINN suffer time decay like the leveraged ETF's we have?
You should be golden now on that position as china has moved to ban selling, why didnt we think of that?
You should be golden now on that position as china has moved to ban selling, why didnt we think of that?
31,000 contracts moved ES 19pts. Say 3:1 buy/sell, ~22,000 buy-side. Peanuts. Or the equivalent overnight margin capacity of 5-6 hedgers on a single BB/HF desk. One can easily unload 10x+ that 22k/19pt rate to the sell-side at open during proceeding RTH. A joke when you think about it, but if you wanted your equity department to lighten up, one of the tried and true methods. Even with "dumb $ corporate" in black out, using some joke like Greece as the headline ammo.... almost too easy.
Does YINN suffer time decay like the leveraged ETF's we have?
You should be golden now on that position as china has moved to ban selling, why didnt we think of that?
Yes
I've been thinking we will sell of into the close as well, but I haven't acted on it yet.