Yes and that is for retail size, generally 0-3 or 5 million. Larger volume entails much more risk to liquidity providers hence they charge a wider spread. In professional dealing platforms like EBS one can choose the size and quoting will be adjusted accordingly. I can attest with 100% certainty that USDCAD is not 1.5-2 pips wide for 100 million usd bought or sold against cad. OP has no idea what he is talking about.
I am massively short the USD.
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Mmm, I don't know anything about that, but I can tell you about my little journey today. I went long in a micro at around 8 AM(?) this morning (no hedge). It moved against me and hovered low for a while, recovering back to my entry about 4 hours later. Simple 80-tick target. When it hovered 4 hours later, I bailed for a 3-tick profit, because it felt like it would reverse again. It did in the next 30 minutes, but then reversed back to eventually hit my original target of 80 ticks, plus a little more, before the RTH close.
I've liquidated at losses after holding for way longer than 3 days, and I have liquidated at profit after holding for way longer than 3 days.
I cannot have a multi-year view, because equity futures can really only be traded for the two nearest contracts, which is a 6-month timeframe.
So as far as des's thing with the USD? I don't know what he is doing exactly, but if he felt his trade was going badly, so what if he flattened in profit? At least he flattened in profit.
I think I see what you mean. That is personal legit. As a matter of fact his trade was initially under water, then came back by British parliament magic and he all of a sudden liquidated with a small profit. Sounds pretty similar to your story so far right? But here is where the difference kicks in: you and I might curl up our tails, be thankful that we got out of a position that did not work out with an actual small profit. If his taking profit was to get out of a position he did not believe in anymore he should not shit all over the place and pretend as if he just hit the jackpot. And if he truly holds a longer term view then he comes across as being very shaky and unstable.
And about his position, who knows whether he has anything on the book, first he talks about an outright short, then a basket, then dollar cad, then no-touch and one touch derivatives, then again outright shorts. Nobody knows what he actually is talking about. And I assume that is actually exactly the aim of him. To confuse others so he comes across as being some smug high flyer. I think he just can't help himself but lie, he lied on so many occasions in the past.
And about his position, who knows whether he has anything on the book, first he talks about an outright short, then a basket, then dollar cad, then no-touch and one touch derivatives, then again outright shorts. Nobody knows what he actually is talking about. And I assume that is actually exactly the aim of him. To confuse others so he comes across as being some smug high flyer. I think he just can't help himself but lie, he lied on so many occasions in the past.
Ohh, I have very clear long-term view of the equities, and that is UP! NORTH! To the moon. I cannot maintain that view for now because of the tariff nonsense that has been a hangnail on the markets for over a year, which have ramped up since May 5th.
Why has my long-term view become shaky and unstable? Because of the Twitter freak who is making the markets shaky and unstable, because HE is shaky and unstable. I am trying to roll with the flow and not get bull-dozed.
Perhaps Des is taking the same tack.
Well, I let the readers decide. Destriero clearly lied on many occasions and was called out by many. I put him on ignore where all outright liars go.
Although I often disagree with @GRULSTMRNN, gotta agree totally here that this so-called trade does indeed sound very amateur, from trade idea to PL attribution. but well, PL is PL, who cares how is made
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