iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

OA BUY: BRITISH POUNDS

Volatility in the currency market triggered the selling of equities yesterday.

I bought British Pound futures here at 1.2195, as prices have stabilized a bit.

Feel free to troll, bro.

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23 comments

  1. Operator

    Just curious. Do you use any different limits for your max stop on currency futures? Example: Past max stop on /CL no more than $0.50.

    Do you use a % on these?

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    • Option Addict

      Yeah, I use my own weighting based on how volatile the instrument is compared to its average.

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      • boyaj

        OA, do you take this approach when you’re placing stops on all sorts of stocks/instruments? Also, would the weighting allow for more slack (i.e., more of a drop) if the current volatility is much more volatile compared to its average? Thanks so much for insight in advance.

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  2. cascadia

    Seeing some life in the Mary Jane realm.

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  3. Aj

    thoughts on $LPNT filling the gap?

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  4. jts5362

    I’ve loss every trade I made last week. 0-5, even with hedging. Is that even possible

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    • probucks

      sheesh. been there b4. best thing 2 do is just reduce position size or take a week off.

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    • Option Addict

      I go through streaks like that often. Hang in there.

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      • jts5362

        Yeah good idea.. Signing off and hitting up happy hour

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        • purdy

          Ha! OA says “Hang in there.” JTS hears, “Drink heavily.”

          But seriously, if you’re feeling low, perhaps Frog – OA’s on-staff dime store shrink – can weigh-in here.

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  5. greenlander1

    Went long EUR/ USD

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  6. Beechoo

    Smoke show in futures tonight!

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  7. Beechoo

    Guess the whole bull trap worked. Fok

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  8. Nocturne

    TWLIO :bot 48.70.

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  9. Richard Chmara

    OA. Do you see this dip lasting a few more days?

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  10. burrito land

    Anyone think YELP is a good buy here?

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  11. Greenlander (@greenlander1)
    Greenlander (@greenlander1)

    Long BIIB

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