alf44 2,025 posts msg #102325 - Ignore alf44 modified |
8/18/2011 11:36:01 AM
...............YIKES ... DON'T TRY THIS AT HOME !!!
|
alf44 2,025 posts msg #102326 - Ignore alf44 modified |
8/18/2011 11:47:05 AM
FYI ...
..... HOLDING TYP SHORT exposure !!!
..... ADDING more FAS LONG exposure down here!!! (avg. $15.10)
|
alf44 2,025 posts msg #102347 - Ignore alf44 modified |
8/18/2011 3:57:26 PM
FYI ...
..... SOLD 50% of my TYP SHORT exposure !!!
..... HOLDING FAS LONG exposure !!! (avg. $15.10)
.............................. NET LONG NOW !!! ............................
|
mahkoh 1,065 posts msg #102348 - Ignore mahkoh |
8/18/2011 4:14:09 PM
I'm wondering, why hedge financials long with a thinly traded short tech etf? Do you have a specific reason to choose TYP?
|
alf44 2,025 posts msg #102351 - Ignore alf44 modified |
8/18/2011 5:17:36 PM
TYP has an Average Daily Trading Volume of nearly 500,000 shares !
I don't consider that to be "thinly traded" ... AT ALL !
|
mahkoh 1,065 posts msg #102353 - Ignore mahkoh |
8/18/2011 6:14:16 PM
Maybe I should have added "relative to FAS's volume" , but still, why tech vs financials?
|
alf44 2,025 posts msg #102354 - Ignore alf44 |
8/18/2011 7:24:10 PM
... why tech vs financials?
-----
Why not ???
It works very nicely !!!
|
alf44 2,025 posts msg #102357 - Ignore alf44 modified |
8/18/2011 9:15:17 PM
Today for example :
FAS was DOWN over 14%
TYP was UP over 15%
-----
That's a pretty damn good "hedge" where I come from !!!
-----
In fact ... I actually made money on this god awful "shitstorm" of a day ... AND ...I slept well last night ...
...knowing that I was prepared for WHATEVER today's OPEN should bring !
-----
I'm not trying for some esoteric "Delta Neutral" trading situation here !
I'm ALSO not trying to be a hero here !
There is a time to MAKE money ... AND ... there is a time to NOT LOSE money !!!
Right here ... Right now ... I am in the "NOT LOSE" mindset !!!
-----
A Time Will Come To Make Money !
This is the "real world" !!!
HELLO !!!
Regards,
alf44
|
mahkoh 1,065 posts msg #102362 - Ignore mahkoh |
8/19/2011 7:21:06 AM
I'm not questioning your hedge, I was curious at the rationale. Wondering whether you had reasons to expect tech to underperform financials in the coming days/weeks.
Enjoying this thread by the way, it has made me more aware of the implications of tails when looking at charts.
|
alf44 2,025 posts msg #102386 - Ignore alf44 modified |
8/19/2011 3:50:44 PM
FYI ...
..... HOLDING remaining TYP SHORT exposure over the weekend !!!
..... ADDING some more FAS LONG exposure down here !!! (avg. $13.90)
...................................... EVEN MORE NET LONG NOW !!! ..........................
|