/PA anyone??

[3dawgs2533]

Trading at a 5-yr high...any thoughts on shorting this one?

 

[LanceJ]

Too high is not a reason for selling. what else where you thinking?

 

[EsKiller]

I like to buy on the way up, and short on the way down. Not vice versa. So not interested in shorting.

 

[Nobert]

 

[3dawgs2533]

I was wondering if it had peaked and run its course, that's all. Lots of room for it to start heading back down, so I thought now would be a good time to get in and short it.

 

[CannonTrading_Ilan]

I was wondering if it had peaked and run its course, that's all. Lots of room for it to start heading back down, so I thought now would be a good time to get in and short it.

Be careful, very volatile market with some wild moves either way.
Explore using options along with futures if you do, perhaps look at correlation with Platinum as a possible spread.
Notice volume is relatively thin for a futures contract.

 

[same-o]

the spread... the volume...

 

[maxinger]

volume is pathetic.
worst of worst, margin requirement is very high @ $15k per lot

make sure you trade in the direction of wood grain or
flow of the river,
not again the direction of wood grain or flow of the river.

very common to see people doing counter trend trading when price is at record high.

 

[3dawgs2533]

Yeah, this is clearly what I was going for here, which is just wrong. Anyway, thanks.