Wow so FESX hits a 2 year (probably) low, I wonder how much lower it will go. Next test is the March 2009 low.........
Leave it to the deep pockets to buy some of this! Buying below 5030. Put options in place 5000, 4950, 4900, 4850. With other words: strong buy. See you later.
I'm glad that I read your message ... I also had a hint that 2+ % down in the morning and other indices in the strange I bought 5000 Sep puts in the morning, closed a bit at 5k, then went long few mins ago around 30, closed bit of longs 60+ to be flat delta and let it run now. Still, DAX is dog in da house ...
What reward ratio are you guys using at the moment? I am playing with 1 risk : 3 reward, I might reduce that tho because the markets are getting so choppy.... maybe to like 1:2 or even 1:1!!
Better short any bounce.. @Eric: it depends on strategy. If you are a bottom fisher, you better have a large stop
im looking to change brokers, currently with cmc markets and they are changing their spreads to variable spread depending on market conditions, which i dont like. does anyone have any recommendations, looking for a broker with a tight spread and low margin. thanks
Exit 5338.00 first part. Investing some of the profits for a 5050.00 put WALL ARMADA. Good luck bearz. Everybody is so negative out there that even taxi drivers are talking about making a buck or two shorting the Euro.
Tell me about it. It was a good day today but it was mainly about reduction of leverage rather than closing winning trades. I sold my longs at various levels, 5210 - 5331, average 5290 Also sold Sep/Oct 5200 puts, still hold some 5000 and 5200 puts, just in case something happens.