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Wednesday, 5 May 2010
Short Treasury Position Stopped Out
Wow - what a bloodbath this morning. My short 30-year Treasury bond position was stopped out in the selloff. Good luck the rest of this crazy week.
Yes, I agree, In Debt... That would be my normal course of action to consider when I get stopped out - put on a trade in the opposite direction. I didn't have a chance to do that, but in other discretionary trades I went short Canadian financials and long VXZ.
The S&P 500 position wasn't stopped out because it had such a large profit up to that point. It gets stopped out only with a loss from the entry position as indicated on the signals table.
3 comments:
Good thing you stopped out. It could've been a lot worse today. But after the drop in yield today, might be time to re-open a short position.
were you stopped out too on S&P on today's crazy crazy crash?
Hi guys,
Yes, I agree, In Debt... That would be my normal course of action to consider when I get stopped out - put on a trade in the opposite direction. I didn't have a chance to do that, but in other discretionary trades I went short Canadian financials and long VXZ.
The S&P 500 position wasn't stopped out because it had such a large profit up to that point. It gets stopped out only with a loss from the entry position as indicated on the signals table.
Best regards,
Alex
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