Cheers Orwell. Re leverage, hedging aside, I generally try to...

Cheers Orwell.

Re leverage, hedging aside, I generally try to stake based on volatility so tend to get similar profit/loss regardless. Of course leveraged derivatives free up cash so they are my preference but I haven't used them much on use on ASX due to availability and liquidity. My ASX trading account is relatively small and speculative, so typically playing small-mids caps, the spreads make it impossible. I should look into some of the larger caps when I find a trade though. I'm sure NCM is fairly liquid. Just laziness really.

Love your work on MQG. Agree on volatility, it's out of control, so we do need to take more risk to get in. A bit like my oil trade in Jan. In hindsight I should've waited for confirmation, but at the time the thesis was sound in terms making the FA assessment, going in and not trying to chase the inevitable short squeeze. They move too fast, and often don't get a correction until it's long gone. Profit is a profit. Perhaps it was just dumb luck..

Yellen wed and thur night. She has always been data driven so I don't expect any bombshells but I would expect a dovish tone. They don't need markets to collapse after all the hard work with QE. As a side note, I know a few guys on XSO are looking for a new high to shakeout the weak hands, but the only way that is happening is if they restart QE, and even then it's no lock.