Registered: Jan 2003
04-10-05 07:26 PM
Sorry didn't mean to be defensive...
I would be counting on the chop and a trade size to withstand the inevitable unrealized....The resulting profit from the trend, then the recoil, then the continuation nets realized profit along the way. It will chop more sometimes than other times, in its journey. But as "they" say most instruments range more than they trend...
Nothing trades in a straight line.
The Folks over at Oanda can accuse me of having a big mouth. So I wil not go into anymore detail. But visualize with me illiquid...
Trading is not necessarily gambling, in the non "pure" sense (Water is wet, but ice can be dry, what do you "feel"?)
Quote from illiquid:
I just meant what would happen to the short side of the account? How do you get out of the losing end of the trade, after incrementally adding size as the position goes against you? We haven't seen 200 yen to the dollar since 1985; would you be counting on greater profits on the long side to offset the losing shorts?