I'm short again, 1280.50
I covered near the lows. Made about 15 S&P points. Good trade. Focusing on Silver and the Euro now.
It's probably a stop loss on trading the underlying EUR from the long side. 8 figures in USD/EUR is not that much.
Now I know why I didn't go to law school! Sorry for the confusion :)
surfer, you are an experienced guy, haven't you seen the markets open higher or lower in all types of products with no trading in between? it...
Are you doing 'shrooms?
Answer: you say 'money' but you mean wealth. wealth is destroyed. end of discussion. money (as in M1, M2 and M3) is different than wealth and is...
can a stock gap without trading? is this a serious question?
This thread is a wealth of misinformation. lol, :)
Mark and ACD are fairly famous and well known in the industry. I just know of them through reputation. A friend adapted a system of ACD and wanted...
Thanks for your reply. Under what variables does the strategy seem to work best? My guess is high volume, high volatility products. Do you think...
Hans, I understand your point, however, there needs to be some reference point for calculation of wealth and/or net worth. Generally speaking,...
Unrealized gains and losses are a very real item on all balance sheets! :)
Maverick, I read many of your other posts and you seem like a sincere and helpful guy. I appreciate your attempt at educating me on the subject,...
So the unrealized gain that John Smith had on his GOOG stock when it gapped to $100 did not figure into his wealth until he sold to you (in your...
I understand. Using your example, if the stock goes from 50 dollars to 100 dollars and John Smith hasn't done anything with his stock, has GOOG...
Thank you for the explanation, however, while futures are a zero-sum game, equities are not. I appreciate the helpful spirit in which you approach...
Yes, I know what mark to market accounting is.
So is wealth isn't created when markets move up? Markets don't necessarily move down from actual 'sales'. When the market gaps down 300 points...
Wealth is destroyed when markets move down. Not shifted into other products or markets.
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