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Trade through next few days or close all trades that are in profit?

  • #1
  • First Post: Nov 5, 2012 10:49am Nov 5, 2012 10:49am
Hi there,

As the subject says - election pending - do I stay in all of my open trades or close out the ones in profit and wait out the week?

Regards
Ath
  • #2
  • Nov 5, 2012 11:18am Nov 5, 2012 11:18am
I'd close my dollar-related medium-term trades. I wouldn't bother for really long-term trades (years), while the short-term are usually closed intraday.
  • #3
  • Nov 5, 2012 9:58pm Nov 5, 2012 9:58pm
How about hedging your profitable positions for the time-being? I know hedging doesn't make a good everyday trading strategy, but it will protect you from any flucuations in uncertain times like this (election day) that may bring unwanted volatility in to the markets.
  • #4
  • Nov 6, 2012 2:34am Nov 6, 2012 2:34am
Quoting EmeraldEyes
How about hedging your profitable positions for the time-being? I know hedging doesn't make a good everyday trading strategy, but it will protect you from any flucuations in uncertain times like this (election day) that may bring unwanted volatility in to the markets.
Hedging yields the same profit/loss result as closing the position, except that you pay one more bid/ask spread and are exposed to one more overnight swap.
  • #5
  • Nov 6, 2012 2:52am Nov 6, 2012 2:52am
Quoting enivid
Hedging yields the same profit/loss result as closing the position, except that you pay one more bid/ask spread and are exposed to one more overnight swap.
Unless ofcourse you can close both positions in profit at different times
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  • #6
  • Nov 6, 2012 3:09am Nov 6, 2012 3:09am
Quoting enivid
Hedging yields the same profit/loss result as closing the position, except that you pay one more bid/ask spread and are exposed to one more overnight swap.
not necessarily if he is holding on to interest yielding currencies, his hedge will continue to accumulate yield but will cancel out fluctuations.

of course if he is hedging on the currency market and pays out negative roll over plus commission then your statement above is accurate.

perhaps emeraldeyes was thinking along the lines of options, or other derivatives.
AVT INVENIAM VIAM AVT FACIAM
  • #7
  • Last Post: Nov 6, 2012 7:40am Nov 6, 2012 7:40am
A good time to be patient.
Hej.
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