Great post Curtis. Thanks. I think one of the hardest things to understand about this business is that effort doesn't necessarily have any direct relationship to long term profitability. (btw, I am ordering your book)
I think you've mixed me up with "inflector"/Curtis Faith - I don't have any book out, and I'm just a regular trader.
What I dont understand about fx and bonds is the lack of volatility priced into a potential dollar move. Which leads me to believe either that there is a chance the dollar is going rebound perhaps because the credit crisis returns. Remember 2002-3 thats when things in fx and bond land were wild and the dollar was really crappy. Sentiment doesnt look nearly as bad right now. Maybe its because there is so much active currency manipulation.
Apologize to you, my bad. Still, great post ! p.s. Now I am left with the question, should I cancel the order...
IMO all books written by people who have traded for a living should be read. Even the "bad" ones usually have 1 or 2 good ideas that you can benefit from.
Pabst, with your permission, i'd like to try to post a few "blue ribbon" trades I have this week on your forum. I have a good one for today, and I will post it close to the close of trading. I would love to hear others thoughts after I post it, and before the end of the trading day! Thanks and good luck!
Certainly my good friend. Sorry for not updating my journal but other than building a short position in the index I've been pretty quiet all month. I've taken a pretty nice hit on some Oct put spreads and yesterday I rolled into Nov. I paid 13.20 (took Atticus's advice and just paid the offer rather than miss the trade) on the SP 500 Nov 1530-1470. I may be nuts (a given) but I see stocks breaking 25% over the next few months.