Do you think I am so green as to not know that one short costs me 39 cents to hold over night while one long only pays me 5 cents?
DO you have any idea how many banked pips I made last week starting Monday? I dont I havent counted, but it is in the neighborhood of 7000 pips.
DO you think the interest rate differential is really significant? I could see if guppy didnt move and I didnt scalp her for over 1000 pips a day last week.
Yes I still have drawdown, But I already have about 25% equity after one week.
Normally I would have been sold out on that run down to 185.XX, heck I was sold out on the run down on mar17 and that was ONLY 192. I am quite a bit smarter than I was 6 months ago. Now it really doesnt matter where she goes, I will bank pips and slowly earn the drawdown back. I am sometimes right on
So in the few instances where I am wrong about direction, I am only playing the "line" so it doesnt matter, unless I am way out of balance.
I dont sit equally balanced most of the time. normally I am leaning to one side or the other. I am only balanced equally going into fridays close, so the gap up doesnt hurt me any.