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Not so sure about that. I've literally missed the sign on a trade before, and it was 7-figure disastrous. (I've missed the direction of movement on individual
by jnordwick 9y ago
Not so sure about that.
I've literally missed the sign on a trade before, and it was 7-figure disastrous. (I've missed the direction of movement on individual symbols a number of times, but this one time I literally went the wrong way on everything by accident.)
Markets adjust too quickly to flip your position and profit in any reliable way. On planned or anticipated events, people are all locked and loaded waiting for something to happen.
However, I'd much rather know the sign because at least I can put on some position and guess a little at the magnitude.
- perl4ever 9y agoI have no professional experience in finance, and I wouldn't try to go long volatility because it's too expensive and risky, but why can't you buy puts and calls at the same time? Or, I have read that there are options on the VIX.
- oh_sigh 9y agoObviously not every strategy will be sign independent, but you can design strategies to be that way.