The bears den

[theMKR]

I have an option which is itm, expiry july.

I tried to close position but cant seem to see it off using the last done price. Is this normal?

 

[BBCWatcher]

Pakistani holdings is just a small part of a broad based market index like EIMI, and as far as I can see EIMI is still up from may 2017

Pakistan listed stocks represent less than 1% of EIMI. The percentage is so small I cannot even calculate it easily. Stocks listed in emerging markets represent about 10% of a global stock index fund such as VWRD. So, Pakistan listed stocks are less than 0.1% of VWRD. For comparison, VWRD's annual management fee is 0.25%, and that's pretty low.

Beyond that, what's wrong with cheaper stocks? Nothing at all if you're buying.

 

[DukeCS33]

I totally agree on this. It doesn't matter what fed does. It's what the market thinks the fed will do, this is the crucial opinion.

Sent from HMD Global TA-1004 using GAGT

Money is made only when one positions correctly... the market can get it as wrong as the Fed... if the fed refuses to cut or cuts less than expected and the market found itself caught wrong foot when data proves the Fed's case. When one follows the market, then its momentum trade... ultimately, fundamentals. relative liquidity and marco will decide on the direction. The shorter the trade, the more one needs to follow the market. So really boils down to one's playbook, strategy and time horizon....

 

[BBCWatcher]

I have an option which is itm, expiry july.
I tried to close position but cant seem to see it off using the last done price. Is this normal?

Yes, very, if the market for the option is thin -- a frequent problem -- or if the market is closed.

To get a rough idea of how thin (or thick) your particular option's market is, go look at the "open interest" data.

 

[coolhead]

Money is made only when one positions correctly... the market can get it as wrong as the Fed... if the fed refuses to cut or cuts less than expected and the market found itself caught wrong foot when data proves the Fed's case. When one follows the market, then its momentum trade... ultimately, fundamentals. relative liquidity and marco will decide on the direction. The shorter the trade, the more one needs to follow the market. So really boils down to one's playbook, strategy and time horizon....

Unfortunately, fundamentals is out of the window though I get your point that all these needs to be put into consideration.
Allow me to put it this way. Had I followed my thought and ignore the market who thinks that there will be an interest rate cut, I will have missed out on gold ejaculation as I won't be putting so much into gold. But as traders/investors, we all know to follow the trend in the market. In your context, I'm doing momentum trading currently for stocks and investment into gold for the next 2-3years.

Sent from HMD Global TA-1004 using GAGT

 

[DukeCS33]

Unfortunately, fundamentals is out of the window though I get your point that all these needs to be put into consideration.
Allow me to put it this way. Had I followed my thought and ignore the market who thinks that there will be an interest rate cut, I will have missed out on gold ejaculation as I won't be putting so much into gold. But as traders/investors, we all know to follow the trend in the market. In your context, I'm doing momentum trading currently for stocks and investment into gold for the next 2-3years.

Sent from HMD Global TA-1004 using GAGT

Why would an interest rate cut prompt you to think that it is not bullish for gold? I thought it actually increases the relative appeal of gold.

 

[Trader11]

Unfortunately, fundamentals is out of the window though I get your point that all these needs to be put into consideration.
Allow me to put it this way. Had I followed my thought and ignore the market who thinks that there will be an interest rate cut, I will have missed out on gold ejaculation as I won't be putting so much into gold. But as traders/investors, we all know to follow the trend in the market. In your context, I'm doing momentum trading currently for stocks and investment into gold for the next 2-3years.

Sent from HMD Global TA-1004 using GAGT

Two things you really need:
An edge
Risk management

 

[Trader11]

Too many bs trainers talk about psychology. If you have no edge and risk management, ****about psychology.

 

[coolhead]

Why would an interest rate cut prompt you to think that it is not bullish for gold? I thought it actually increases the relative appeal of gold.

I mean I do not agree with market sentiment that there are 2-3 rate cuts this year with the earliest in July. But because this is the market sentiment, hence I got into gold. If I had followed my thought that rate cut won't take place at least till sep, then I'll miss out on the surge in gold. You are right about rate cut increasing relative appeal of gold.

Just like Powell tried to temper market expectation of a rate cut so soon this morning, which probably hurt market sentiment abit.
Sent from HMD Global TA-1004 using GAGT

 

[atf0007]

Mai gong Jiao wei lah…. say traders cannot be trained and need "possessing correct personality traits." but run training course... wahahaa ownself shoot ownself lah
oops... salah liaoz… maybe it is sesame street course on ABC... eh no right leh… wan teach ABC England need to be powerful...

 

[OngHuatHuat]

Who here looking to buy some Disney shares?

 

[Layers]

Who here looking to buy some Disney shares?

already have some. dun mind buy more.

Sent from Samsung SM-N950F using GAGT

 

[DukeCS33]

https://www.cnbc.com/2019/06/26/stock-market-traders-digest-feds-powell-comments.html

 

[Mecisteus]

https://www.cnbc.com/2019/06/26/stock-market-traders-digest-feds-powell-comments.html

Ouch. Bad news for the bears.

 

[Trader11]

Ouch. Bad news for the bears.

Wow.... Mnuchin just squashed the bear bear......

 

[DukeCS33]

Wow.... Mnuchin just squashed the bear bear......

I think the market has moved past trade drivers - focus is on interest rates and in so far that the trade issues does not bolster the chance of a cut that the market is pricing, it would be bearish for the stock market. The rather muted reaction in the futures just adds on to my suspicion.

 

[revhappy]

Fake pump

 

[Trader11]

Fake pump

Wtf hahahahaha...... Fake news...

 

[Trader11]

I think the market has moved past trade drivers - focus is on interest rates and in so far that the trade issues does not bolster the chance of a cut that the market is pricing, it would be bearish for the stock market. The rather muted reaction in the futures just adds on to my suspicion.

If no trade deal and no rate cut, then double whammy down

 

[theMKR]

If no trade deal and no rate cut, then double whammy down

so buy long and buy deep puts options to protect both sides?