Derivatives- say what?

[Tallstock (Peter)]

Hi Bobby,
Like Edison, YOU have to find it! Like I said before, nobody's going to tell you are they?
Don't give up on the software idea just because a few things don't work.

A clear set of rules on what/how you want to "scalp" might be a good starting point.
What has your trading history shown you that works?
What doesn't?
Is trying to be in the market at all times the best solution? etc etc......
But you know all of this (and more) already.

Happy hunting
Peter

[Bobbyoutback]

Originally Posted by Tallstock

Hi Bobby,
Like Edison, YOU have to find it! Like I said before, nobody's going to tell you are they?
Don't give up on the software idea just because a few things don't work.

A clear set of rules on what/how you want to "scalp" might be a good starting point.
What has your trading history shown you that works?
What doesn't?
Is trying to be in the market at all times the best solution? etc etc......
But you know all of this (and more) already.

Happy hunting
Peter

Thanks for your kind words Peter , yes your right about keep searching
What has served me well is using the old R/R ( risk ~ reward ) system , that way I only need to get it right a third of the time .

One of the reasons I'm up so late is waiting for the nice set-up to cream the next days opening .

Be Good .
Bobby.

[Starkler (Geoff)]

Those who have been following the market happenings should get a good laugh out of this video

Classic

[Nesti (Mark)]

Originally Posted by Starkler

Those who have been following the market happenings should get a good laugh out of this video

Classic

Thanks for that, really funny..and clever.

[Starkler (Geoff)]

And to think its an ad. Very clever indeed

[Bobbyoutback]

Yep sure was Funny .

But please beware of the drama thats coming , when I risk my money these days its only for a maximum 12 hours , most times way under that time frame .

Take care out there , gold value is going higher & higher for a simple reason , countability regarding US dollars .

Bobby .

[Starkler (Geoff)]

Heres an interesting article on the current state of play in derivatives.

Quote:

Earlier this month, I detailed 25 US commercial banks that had trillions (with a “T”) of dollars’ worth of exposure to derivatives on their balance sheets. At the time, I stated that even if 4% of the notional value of these derivatives was “at risk” and only 10% of that 4% went bad, that you would wipe out the total equity at the five large US banks.