What we are going to need to do for this few quarters, is play a Long position or positions... Hopefully outperformers, and play them against under performing Hedges. As you get say a 10pt move in the spx. or a 50 pt move in the spx you add to one or the other, and reduce the opposing position... Most Likly enough people will do this for the next 6 months it will drive volitility to Nothing.
and that is how the game ends.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, October 15, 2008
Long positions against a hedge
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7 comments:
I've been doing that (sort of) with SSO and SDS. Not exactly what you're talking about but really reduces the risk and still profitable.
However..... if you want to accumulate longs, then you can do it instead of the sso.
maybe even working thirds of your positions.
What will be wierd is that each day a different sector will be weak... today tech is sort of Unweak, and yesterday it was super weak... Yesterday Oil and gas was unweak.. and today it's super weak.
Thinking dynamicly and that todays weakness may be tomorrows leaders.
LOL so it's DAILY sector rotation now
better than last Thursday when it was Hourly
true, true
Panic increasing, or is it just me again?
What's the Beige Book?
Ya.... I'm starting to feel the panic... Moon is full tonight.
;D
it's anecdotal stories about the economy. Download it and read it.
Moon was full yesterday. It's on the wane today.
Really? anecdotal? :-DDD
people are talking about the beige book, i thought it was official and very important
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