Weekly IQ test

Discussion in 'Trading' started by stock777, Nov 8, 2010.

  1. Redneck

    Redneck

    Quick easy money (~ 2 1/2 times quicker on average)


    RN
     
    #31     Nov 8, 2010
  2. spindr0

    spindr0

    Because overall, things fall faster than they rise... and in many cases (less liquid stocks), a good sale price is harder to achieve than a good buy price.
     
    #32     Nov 8, 2010
  3. JM1987

    JM1987

    it depends what share size you use and if we are talking same share size in both scenarios

    Short @ 150 w 1000 shares = 150k profit
    Long @ 1.50 with 10,000 shares = 550k profit
     
    #33     Nov 8, 2010
  4. mostly the account balances of shorts fall the fastest


    You are posting too soon after your last post. Try again in a few minutes. No one with an IQ > 78 can post fast here
    You are posting too soon after your last post. Try again in a few minutes.
    You are posting too soon after your last post. Try again in a few minutes.
     
    #34     Nov 8, 2010
  5. Here's another way to look at it: think of the trade as currency between LVS and USD. Then an exchange rate of 1.5 LVSUSD is means an exchange rate of 1/1.5 USDLVS which is .6667. So if you break down the trades:

    1) Long USDLVS at 1/55 =.018182
    Cover USDLVS at 1/1.5 =.666667

    =648480 pips

    2) Long LVSUSD at 1.5000
    cover LVSUSD at 150.0000

    =1495000 pips

    Okay, you still have to convert into bang for buck, but you see my point, a short can be converted into a long.
     
    #35     Nov 9, 2010
  6. Whoops:

    1) Long USDLVS at 1/150 =.006667
    Cover USDLVS at 1/1.5 =.6666667

    =660000 pips

    2) Long LVSUSD at 1.5000
    cover LVSUSD at 55.0000

    =535000 pips

    The short is better if you are trading currency.
     
    #36     Nov 9, 2010