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Posts by "shane"
222 Posts Total by "shane":
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Posts by Anonymous "shane":
Very accurate explanation, when i go into a trade i dont think how much will i take how but how much i am risking. if the trade goes against me what are its potentials against me and can i manage it or should i put a stop loss. We all have so different psychologies, where you are entering short some one else is taking a long position and some times both of you win some times one wins some times both loose. It all depends. I have tried and experienced to open hedged positions and have always been profitable. But still i dont hedge all the time. Trading is about flexibility
i believe this is hust another opportunity to short usdjpy, we saw a big risk aversion day yesterday we have a very good chance of another today even if not risk, its better to short above 94 and go long below 93.
Nice gbpchf trade and a nice set up. target of 1.71 is a bit risky at this time i believe we will have a dip ny ways if we have a dip i will ride along you. Good luck.
Thanx, its very risky i know but some times such risk pays off although the selloff in equities clearly tells me no, but loosing 15 or 20 pips, i guess, is worth the risk. i have already been taken out in eur long lets see how it goes in gbp. Just a little adventure not a sane trade.
The Banana Republic of the United States. We're not there yet, but we're certainly sliding in that direction. One of the characteristics of a banana republic is that its run by a few powerful rich people, who use their influence to get whatever they want from the folks who write the lawslaws that are tailor made just for the elite.
The deal-making is really at the heart of the way these societies work: Well-connected fat cats scheme and make deals with the politicians; then the politicians make deals with each other behind closed doors; and then laws are proclaimedkind of like what happened with the health care bill. And kind of like what's happening now with the financial reform bill.
Nebraska Sen. Ben Nelson was one of the chief deal makers with the health care bill, and that cost him dearly with his fellow Nebraskans, who thought his deal making stunk. But old habits die hard, and now Sen. Nelson is pushing for a special deal in financial reform law that would overwhelmingly benefit Sen. Nelson's richest constituent: one, Warren Buffett.
Mr. Buffett's Nebraska-based Berkshire Hathaway has a $63 billion derivatives portfolio, and derivatives are one of the focal points of this bill. The proposed bill would have forced Berkshire to put aside a huge reserve fund to cover the potential losses from these derivatives if they went bad. But Sen. Nelson's trying to change the law to make it apply just to those folks who buy derivatives from now on. In other words, not only would Mr. Buffett get off the hook in coming up with new reserves, but it would put a heavy burden on Mr. Buffett's future competitors. In some ways, this kind of banana republic deal is worse than what happens under socialism...at least socialists are clear about their intentions to take over all private property.
It reminds us of something Milton Friedman used to say:
"The biggest enemy of the free market is not the socialist, but the businessman who wants a free market for everyone but himself."
These are the deals and the carve outs that describe so much of what goes on in Washington these days. Of course, this kind of deal making isn't new. But the dollar amounts are now so huge in relation to the overall economy that they take on whole new dimension...the old political pork we used to rail against on Scoreboard, as bad as it was, was relatively puny in comparison.