That is exactly correct. You can have 10 trillion in unrealized profit. But if the 10 trillion in unrealized profit comes back to your entry point, and you close the position at BE, you have neither gained nor lost. You are net flat for the day. Traderx, you are normally a cognizant folk. Dunno' why you are having difficulty with this. *shrugs* Maybe yer having a bad day.
This is the same guy who thinks a futures broker can gain money by slowing down clients orders but when asked how exactly he just ignores the question. Not surprised he doesn't understand the difference between a realised and unrealised gain or loss either.
They are certainly very secretive (and shady too). There is a solid reason why SAC was charged as a criminal organization, and Steve Cohen paid a $1.6 Billion dollar fine. I mean, I know lawyers can be expensive, but if you are paying that much, you are guilty. That said, it was probably a "traffic ticket" for Stevie. The portfolio manager I am talking about was not thinking in daily terms, he was swinging for the fences, on a long-term basis, as in 6 months to a year+. For all I know, if I went to the bathroom again, and returned to his suite's living room, he could be UP $6M. Actually, it was VERY cool to see a billion dollar portfolio moving IN REAL-TIME... People, the portfolio was simply moving in real-time. The PM was simply checking it out, with his 2 analysts. He was not closing anything!!!
How do you know it was not just a fake screen with phony P/L numbers...? My little nephew simulated a fake trading account on Instagram, just to impress his girlfriend.
I did not ignore your question, I simply did not reply for obvious reasons. By the way, why didn't you also mention that you conveniently ignored my question here: https://www.elitetrader.com/et/threads/fxopen-broker.358996/page-3#post-5394782 Eh? Never mind. EasyMon1, terribly sorry for these off-topic comments, my sincere apologies
Just PM'd you his real name & LinkedIn... Definitely NOT fake. As real as it gets. This guy lives an intense life...
Well, i am not in the FX business anymore so i am not doing any recommendations of brokers i have had no experience with lately, however anyone can find those things out by themselves by reading some documents. So, now, for obvious reasons, why don't you answer my question.
Thanks for the link. I've never traded using these bad boys but that link looks like a good quick and dirty on how to: """"""""""""""""""" VWAP will start fresh every day. Volume is heavy in the first period after the markets open, therefore, this action usually weighs heavily into the VWAP calculation. MVWAP can be carried from day to day, as it will always average the most recent periods (10 for example), is less susceptible to any individual period and becomes progressively less so the more periods that are averaged. General Strategies When a security is trending, we can use VWAP and MVWAP to gain information from the market. If the price is above VWAP, it is a good intraday price to sell. If the price is below VWAP, it is a good intraday price to buy. However, there is a caveat to using this intraday. Prices are dynamic and what appears to be a good price at one point in the day may not be by day's end. On upward trending days, traders can attempt to buy as prices bounce off MVWAP or VWAP. Alternatively, they can sell in a downtrend as price pushes up toward the line. The figure below shows three days of price action in the iShares Silver Trust ETF (SLV). As the price rose, it stayed largely above the VWAP and MVWAP, and declines toward the lines provided buying opportunities. As the price fell, it stayed largely below the indicators, and rallies toward the lines were selling opportunities. SLV with MVWAP (20) and VWAP in trending market, 10 minute chart. Image by Sabrina Jiang © Investopedia 2020 The indicators also provide tradable information in ranging market environments. SLV with MVWAP (20) and VWAP in ranging market, 10 minute chart. Image by Sabrina Jiang © Investopedia 2020 On ranging days, traders can buy as price crosses above VWAP/MVWAP and sell as price crosses below VWAP/MVWAP for quick trades. This method runs the risk of being caught in whipsaw action. Alternatively, a trader can use other indicators, including support and resistance, to attempt to buy when the price is below the VWAP and MVWAP and sell when the price is above the two indicators. """"""""""""""""" That's one method that you just don't see chart image posts of on ET it seems... Anybody having a chart after a day that they wanted to mark up and post here, maybe we can get rolling on that yacht.