by winston » Sun Oct 21, 2012 9:48 pm
TOL:-
With the US market down 200 points, it may be time to buy some HK Bear Puts, first thing tomorrow morning.
As long as the HK market dont gap downwards at the opening, say 300 points, I will go for the ride.
If they do gap downwards, I will time my entry at either S2 or S3.
At 40x to 50x times leverge, if the Hang Seng drops 2%, I could make 80% to 100% on the Bear Puts.
I will probably put my stop loss at around 7% or 5-8 pips, depending on the situation.
If things do go my way, I should try to get out by 11.40am.
The last time I traded some Bear Puts, I was stopped out within a few minutes. And if I did not have a Stop Loss that day, I would have lost lot of money .
It's all about "how much you made when you were right" & "how little you lost when you were wrong"