Fly, I’m beginning to understand your hedging strategy (how arrogant of me to attempt to figure out “the mind of God”). You play both sides, but when a direction becomes clear, you cash in on the winning trades, average down on the temporary “losers”, then hang on till the tide changes once again, and cash in a second time when The PPT suggests a change in direction. Is that how “The Fly wins, even when he appears to be losing”?
Interesting move because German Ifo is coming out tonight, last week Central banks stop a bleeding in the big miss on ZEW….with eur up higher, I doubt they will do it again…..so they will have to digest data if it follows ZEW and is a big miss. You know I would join Fly on adding to my VXX position but I have to learn to hedge long instead of just feeding my desire to go short in this mess.
I am easily satisfied with the very best.
You should have dropped the XX and just stuck with V. Good day to be a Visa owner
Fly, I’m beginning to understand your hedging strategy (how arrogant of me to attempt to figure out “the mind of God”). You play both sides, but when a direction becomes clear, you cash in on the winning trades, average down on the temporary “losers”, then hang on till the tide changes once again, and cash in a second time when The PPT suggests a change in direction. Is that how “The Fly wins, even when he appears to be losing”?
The Fly will never reveal strategy. Don’t attempt to ask.
LMAO Paul Bearer!
Interesting move because German Ifo is coming out tonight, last week Central banks stop a bleeding in the big miss on ZEW….with eur up higher, I doubt they will do it again…..so they will have to digest data if it follows ZEW and is a big miss. You know I would join Fly on adding to my VXX position but I have to learn to hedge long instead of just feeding my desire to go short in this mess.
“you will fall victim to a catapult attack.”
hahaha