tag:blogger.com,1999:blog-2335748440449035592.post8595009661649793228..comments2008-01-29T18:38:53.114-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2335748440449035592.post-18227410885799077062008-01-29T18:38:00.000-05:002008-01-29T18:38:00.000-05:00Thanks, Mark. I'm not in FXP but have been watching it for a few months. It's volatility is scary!<BR/><BR/>-BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-68861416555615542172008-01-29T11:24:00.001-05:002008-01-29T11:24:00.001-05:00Bluedog,<BR/>One thing Marketocracy.com lacks is an average cost basis, it just shows you total dollar in buys and total dollars in sales, so you have a net gain. Its currently about $3K for FXP. This is a very dangerous instrument as its volatility is extreme and it can move 10-15% in a day. Great when you are on the right side but not so great when it goes against you. I've focused more on EEV which is a general emerging markets Ultrashort but have been in both since they were introduced in October in some shape or form. As with all my Ultrashorts I hold them in varying degrees and make adjustments weekly - i.e. in periods of strength for the overall market I like to buy them, and then draw down on periods of weakness in the market. Right now I am at a very high exposure simply because the market doesn't look too great for me.<BR/><BR/>Bob, there was no specific article on this subject - through my broker I have access to a piece of the website where the traders have daily entries about their thoughts so I grabbed it from there.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-37757194041380278582008-01-29T11:24:00.000-05:002008-01-29T11:24:00.000-05:00Bluedog,<BR/>One thing Marketocracy.com lacks is an average cost basis, it just shows you total dollar in buys and total dollars in sales, so you have a net gain. Its currently about $3K for FXP. This is a very dangerous instrument as its volatility is extreme and it can move 10-15% in a day. Great when you are on the right side but not so great when it goes against you. I've focused more on EEV which is a general emerging markets Ultrashort but have been in both since they were introduced in October in some shape or form. As with all my Ultrashorts I hold them in varying degrees and make adjustments weekly - i.e. in periods of strength for the overall market I like to buy them, and then draw down on periods of weakness in the market. Right now I am at a very high exposure simply because the market doesn't look too great for me.<BR/><BR/>Bob, there was no specific article on this subject - through my broker I have access to a piece of the website where the traders have daily entries about their thoughts so I grabbed it from there.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-42592452331217468662008-01-29T00:05:00.000-05:002008-01-29T00:05:00.000-05:00Where is the article on Minyanville where you got this chart from?<BR/><BR/>Keep up the great work.Bobhttp://www.blogger.com/profile/09927160561639422245noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-20824694394519212562008-01-28T23:40:00.000-05:002008-01-28T23:40:00.000-05:00Excellent chart! FXP looks like the way to go. I'm curious how long you've been in, or what your cost average is?<BR/><BR/>Cheers,<BR/>BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com