London Bridge

[java]

%%
Remember the charts, on that move,[9/11] EddieMorra??
The downtrend bear market reversed,[SEPT 2011,aka 9/11] to an uptrend bull market [S&P 500/benchmark /SPY, monthly candlecharts.] Panic sellers never win ; planned sellers can win. Not a prediction.

Usually the best reason to sell is you need the money or your position has gotten so large you no longer sleep well.

 

[murray t turtle]

Usually the best reason to sell is you need the money or your position has gotten so large you no longer sleep well.

%%
Amen, or a secondary reason, brokers, specialists,, market makers love commissions; not that these are the best reasons LOL.

 

[dumpdapump]

Without wanting to get into lengthy arguments, this was never the point, this was never about direction vs volatility. I simply did not make sense of your comment to buy straddles to protect against downside. Either you are in the game of direction when you then should only buy downside protection if you actually care about being protected or you are in the volatility game. But here you proposed paying away 1/2 of the structure for no perceived benefit. Then you turned around saying "if the long straddles don't work then short the straddles" with emphasis on "it's really that simple".

That is what did not really compute with me.

It makes as much sense as trying to guess what the market will do makes. I don't see how guessing what the volatility will be makes any less sense than trying to guess the direction.

 

[java]

Without wanting to get into lengthy arguments, this was never the point, this was never about direction vs volatility. I simply did not make sense of your comment to buy straddles to protect against downside. Either you are in the game of direction when you then should only buy downside protection if you actually care about being protected or you are in the volatility game. But here you proposed paying away 1/2 of the structure for no perceived benefit. Then you turned around saying "if the long straddles don't work then short the straddles" with emphasis on "it's really that simple".

That is what did not really compute with me.

If you went long a straddle expecting high volatility and it didn't cover your costs, you should have sold the straddle and collected premium. So there is no need to guess about anything except volatility.

 

[dumpdapump]

Chuckle, got it, except we don't have the benefit of hindsight when trading.

If you went long a straddle expecting high volatility and it didn't cover your costs, you should have sold the straddle and collected premium. So there is no need to guess about anything except volatility.

 

[newwurldmn]

Seriously, what is wrong with you. Any one with reasonable intelligence can make money in the markets outside of events like these, and will go neutral when they do happen, only a complete idiot or someone with no moral backbone will concern themselves with making money from this.

"Russians love potatos"
Who knows where that's from?

 

[Humpy]

What about COMPENSATION for the victims I hear you mutter ?

Er none that I know of except:-
The NHS bill for looking after the survivors - the taxpayer pays
The extra costs of policing - again the taxpayers cough up.
The funeral costs of the dead - the families fork out for that too.

It's a disgrace !
Largely the politician's fault going back to Blair letting them all in.

There is a terrible sickness in the muslim community and they should at least foot the bills !!