I want to bet the farm

[romik]

Why not "bet the farm" and short gold? That sounds like more fun.

Not short gold, but am Short Palladium.

 

[povstanets]

Not short gold, but am Short Palladium.

The fundamentals are good for Palladium, 1.6 million ounce deficit last year and continuing in deficit this year - although I believe you said that you are not a fundamental investor, so I guess you must be looking at the price action.

 

[romik]

http://stockcharts.com/h-sc/ui?s=$PALL&p=M&b=3&g=2&id=p17855362297&a=405316329

 

[londonkid]

Fuck it, put a rather big wager on Nikkei (via a spread bet) sold 20,050, stop 20,400

Good luck. Street money is 70% short spoos and dow.

 

[OddTrader]

While the opponent is giving time for you to lose.

And the opponent will start waiting only after someone bets the whole farm! lol

 

[romik]

And the opponent will start waiting only after someone bets the whole farm! lol

What I was referring to is this - short when price took out other people's stops.

 

[OddTrader]

Do you really want to keep on betting the whole farm every time like this scenario?

 

[romik]

Obviously it was an impulsive statement, I have bet more than what I usually do, not the whole farm though

 

[povstanets]

http://stockcharts.com/h-sc/ui?s=$PALL&p=M&b=3&g=2&id=p17855362297&a=405316329

Are you just looking for a quick % decline based on TA before you exit, how long do you hold generally?

 

[romik]

Are you just looking for a quick % decline based on TA before you exit, how long do you hold generally?

Depends on time frame. This being a monthly holding time could well be 2-6 months. Nikkei is based on daily pattern, so outcome ought to be within 2-5 days.