New Posts For Thread: Volatility over breakfasthttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfastDay trading certainly is not for the faint hearted.All this happened to me this morning between about 9am and 9.35am.I check the trading screen just after 9. The nikkei futures is 8350 - no position. My long AUD position is down 11k.I make a coffeeMc Chicken sandwich for me Melaniehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=494062253#494062253Mc Chicken sandwich for me MelanieFri, 29 Apr 2011 12:01:25 -0500blah blah blah blah, all you had to say was "the previous day I had made a killing in the nikkei" and we would have understood.JW doesn't make "several valid points", he only made one point, that the positions you describe holding are insane if you ahttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489997745#489997745blah blah blah blah, all you had to say was "the previous day I had made a killing in the nikkei" and we would have understood.JW doesn't make "several valid points", he only made one point, that the positions you describe holding are insane if you aTue, 22 Mar 2011 06:37:25 -0500yes JW you make several valid points and I accept them all.The issue here was the speed of the change.The whole thing took place over 35 mins.The movements were, I felt not fundamental, but panic due to the japan situation.My gut feeling was it couldhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489866557#489866557yes JW you make several valid points and I accept them all.The issue here was the speed of the change.The whole thing took place over 35 mins.The movements were, I felt not fundamental, but panic due to the japan situation.My gut feeling was it couldSun, 20 Mar 2011 17:26:21 -0500hi ben, if you accept an advice...from your story it seems you had a position long 4-5 mion aud over 'breakfast'. you ended up squaring it with a profit of 12k ( call it a 0.25% ), after at one stage been down 46k ( or 1% ). not my business, but it dhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489837849#489837849hi ben, if you accept an advice...from your story it seems you had a position long 4-5 mion aud over 'breakfast'. you ended up squaring it with a profit of 12k ( call it a 0.25% ), after at one stage been down 46k ( or 1% ). not my business, but it dSun, 20 Mar 2011 12:49:52 -0500You may have had a problem due to daily limit downs on CME but that was I think Tuesday.https://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489832785#489832785You may have had a problem due to daily limit downs on CME but that was I think Tuesday.Sun, 20 Mar 2011 11:51:32 -0500I'd be disappointed in you if you had posted exiting a trade other than with a +https://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489617185#489617185I'd be disappointed in you if you had posted exiting a trade other than with a +Fri, 18 Mar 2011 09:44:20 -0500update on the AUD trade.Just exited at 99.30.Yesterday at breakfast it dropped below 98.Net result about + 12k.mind boggling volatilty.https://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489567217#489567217update on the AUD trade.Just exited at 99.30.Yesterday at breakfast it dropped below 98.Net result about + 12k.mind boggling volatilty.Thu, 17 Mar 2011 20:51:29 -0500imo, just above 8,700 is a resistance, it will close anywhere below that this session. I've just put a small short on at 8,690 and am now going to bed.https://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489425845#489425845imo, just above 8,700 is a resistance, it will close anywhere below that this session. I've just put a small short on at 8,690 and am now going to bed.Wed, 16 Mar 2011 19:21:30 -0500Dude I was on the same trade . I was on the right side of the nikkei though with a short at 8,600 . I was trying to get out of my position when I saw it had crashed to 8,000 in about 30 mins, as I knew it was going to rebound. Noticed my broker had chttps://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489422493#489422493Dude I was on the same trade . I was on the right side of the nikkei though with a short at 8,600 . I was trying to get out of my position when I saw it had crashed to 8,000 in about 30 mins, as I knew it was going to rebound. Noticed my broker had cWed, 16 Mar 2011 18:56:46 -0500You must have a sizeable bank? The golden rule (of those I have read) is not to risk more than 1% of capital on one trade?hope the AUD comes right for you.https://community.betfair.com/tradefair__financials/go/thread/view/94198/27261065/volatility-over-breakfast?post_id=489419293#489419293You must have a sizeable bank? The golden rule (of those I have read) is not to risk more than 1% of capital on one trade?hope the AUD comes right for you.Wed, 16 Mar 2011 18:29:46 -0500