Just have to follow the ES, no need to scan thousands of stocks, no need to follow all these charts on a whole battery of screens, never any overnight risk, sometimes trading 1 hour can make my day, can trade huge size (far beyond my financial strenght) if needed. Why complicate trading if it can be easy. Gave up forex as I traded spot, which gave many times bad prices. Risk of intervention of central banks was unpredictable. Forex is more sensitive for economical data that is released. The only problem is that you have to be very good in daytrading. For most people it is too difficult. That's why they go to stocks and swing trading or LT.
Thanks for your reply. You are right, for me day trading was too difficult so I ended up swing trading and migrated to swing trading options full time. If persistent, we each discovered our own path.
You don't want to think like a Pro, most can't beat the Indexes, LOL. "Hedge" funds, few actually hedge, if they actually hedged, why are they losing so much? So many did so poorly, they had to shut their doors. The herd are your neighbors where you live and retail, when one studies enough on extremes whether highs/lows, you risk less as markets either turn or don't and hedge. Cash is King during bad times.
Yes sir. When I first joint, back in 2014, you gave me one of the best advices I got: Dance options around the stocks I owned instead of screening for equities to trade. Made a world of difference, thank you.
It does not matter what bond you look at. Change in price as a function of yield to maturity (e.g. from 2.5 to 5 as in your example) is always approximately duration * change.
Ok we are talking about different things. I meant for the same duration. And the 10-year yield has been 5% or higher before.
Since you are a pro, show me the math 10 year bond falling by 50%, when the yield rises from 2.5% to 5%