Very true and what I was getting at...It's this combination that lures so many frustrated "directional" traders into the rube's game of selling far OTM options spreads...and even then they are trading direction, albeit without alot of consideration..
My exit rule is to get x3 of risk or get stopped out, trail after x3. On macro trades, like current short, reward will be around 1.5 the risk, more depending how trailing goes.
UWTI is down 12% today; it may be his biggest holding. I would be surprised if he hasn't lost money this year overall. It all seems rather random to me, just the idea of holding UWTI and DWTI at the same time seems like lunacy if you have cheap commissions.
That sums up the world we live in, specifically progress of the 20th century, as it will either lead to invention of warp drive (likely?) or us destroying our planet.
I don't do binary bets. Why would you want me gone anyway? If you are Long equities my analysis won't effect market.
Each and every trade taken is binary (SL or target), what i think you mean to say is you don't do "all in"??