- Due to increasingly central bank intervention, long-term FX positions are close to impossible
- FX world has seen many reverse trends, overreaction, and trade on news
- So is equity index, but the trend correlates with news less closely, short-to-medium term or long-term is more realistic
- In terms of trading, I need to distinguish between risk premia positions, medium term positions, and short-term market distortion (trade on news or mean-reversion)
- Put close stop to the short-term trades, close positions if I'm wrong; let the winning ones run
- Have a clear rationale for each trade
Thursday, 24 January 2013
Investment Journal 7
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