What are your thoughts on HKD now Daal? http://www.zerohedge.com/news/2014-...k-about-end-hkma-buys-715-million-support-peg
I reshorted back to a medium sized position. if they repeg and the pair tanks 15%, I make 10%. I think that is good size here, too big of a position and the small losses (and interest charges) start to get annoying and its hard to keep making the trade, too small and I leave $ on the table. Not very likely they will drop the peg but its so cheap to bet on it that it is worth it
Another good risk reward trade is long FNMA stock. Either goes to $0 or to $20+ depending on the legal outcome, congress already said they want to leave to the courts on how shareholders will be treated on GSE reform. I don't own the stock because I'm a day/swing trader now. At any given moment I might be long/short or flat the stock but I do try to be long overnight the times the stock is uptrending, I believe I can capture a big uptrend with lower vol and equity swings that way. If I were solely in the position trading game I would definitely consider being long sized 2-3% in the common as an option. Of course, if there is any kind of positive news coming from the courts, buy/add the stock with both hands
on USDHKD? I bailed out. I said I would exit at 7.755-7.76, I ended up exiting at lower price. smallish loss
For those who like the market wizard series that is a new book that is coming out soon that might be similar. Apparently, Tony Robbins interviewed 50 people from finance and wrote a book with strategies to compound wealth. Seems that he had access to folks like Ray Dalio, Icahn, Tudor Jones and others I got an offer to get the book for free and just pay the shipping https://moneymasterthegame.com/ShippingAndHandlingOffer Also, Drobny is coming out with a new Inside the House of Money book soon. Not that I'm doing much macro trading but you can always learn a few things from books like that, because they are so diverse with opinions and tactics
I did a Whois lookup. The domain was registered on 12 Sept and has a private registration. How confident are you that this is genuine? Was the source of the email someone you know?