Recent achalk's Commentaries
The Stimulus Plan Will Have No Net Output Effect
Congress has passed the largest fiscal stimulus plan in our lifetimes. It is intended to pull the economy out of a progressively worsening recession and avert the possibility of a depression. The plan is a mixture of tax cuts and increased spending. Of the spending, about 10% will go into infrast...
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Tags: stocks | stimulus-taxes-keynes
Trade Your Inner Bernie Madoff
Consider today the plight of federal inmate No. 61727-054, formerly known as Bernard L. Madoff, sitting in his penthouse cell and getting to know cellmates Max the Murderer and Igor the Rapist. Exclusively, we were able to place a hidden microphone in the cell and can now bring you an extract of ...
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Tags: options | madoff | ponzi | collars | conversion
Forex Trading Is a Zero-Sum Game
Fellow Forex trader Ed Ponsi argues that Forex trading is not a zero-sum game. I disagree with him and sent a rebuttal. The publisherhas not responded so I am reproducing the rebuttal here. ================================================= IS FOREX TRADING A ZERO-SUM GAME? Andrew J. Chalk In a ...
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Tags: forex | zero-sum | ponsi
What I am Trading Now - Adjusting the Iron...
An iron condor is really not a strategy very suited to adjustment. Usually, adjustment can only mitigate a loss, not eliminate it. It is inherent in the strategy that we face a non-zero probability of the market price of the underlying going outside our short strikes. What should we do when this ...
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Tags: options | iron-condor
