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Nice point you're making here, Brent, and
important for a less experienced trader like
myself. What can be heaven in options, can be
hairy in futures.
> Kevin, I agree with the first part. I have a
> comment about your trade. It
> has been my experience that when extreme
> volatility happens, many of the probabilities go
> out the window. I usually decline to trade in
> these
> conditions now.
This is productive. Tell us more. In concrete
terms, when do you stand aside based on
volatility? Can you post an example? Other than
chart tracings that look like 8.5 on the Richter
scale, what criteria do you apply to determine
when a market 'doesn't make sense'?
Philip
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