<i>"You're missing out!!!
It's not hard. Do it like the pros. Go long the index futures 3:1 margin, on top you can sell short a bunch of OTM ES mini puts just to get some extra liquidity going. To spice it up, also sell short a bunch of Yen against the dollar and collect the free swap. Hey that's how the boyz are doing it, why wouldn't we?
Then, take a long vacation, make sure you don't have trading access from your hotel. You don't wanna ruin the outcome by overtrading. Come back in 6-8 weeks. Voilà la, you're tanned and relaxed, and you in the green big time with sweet $$$ in your account, risk free baby "</i>
Excellent advice! And here I was, all this time thinking I needed foolish stuff like stop-loss orders, defined entries at key spots on a chart, etc.
That Yen carry trade sounds good... got some cash in the home equity line just sitting there doing nothing. Sounds like even more free money!
Of course, I do recall having a friend go on vacation once with a portfolio of open short-put positions back in early 2000. He came back from vacation on a cruise ship tanned, well rested and well fed.
I also recall him closing out those positions for -$600k in one fell swoop. But hey... the Nazz could never break below 4,000 back in the day. It was a different market then, no way to go but up
Thank you for the advice!