Posted on 01/17/2015 8:18:02 PM PST by tcrlaf
A FX trading analyst that I greatly admire had talked about the possible removal of the SNB line in the sand if pressure to hold it by buying Euros became too great.
Yet he maintained a long Euro/Chf position and admitted that he lost 6% of his assets when the dam broke. Analysts always tell you not to have more than 2% of assets in any one trade, but perhaps he got caught by “slippage” when the currency went past most stop losses.
I had also had a long position for a while, but the market stalled out and didn’t move for weeks so I got out of all CHF positions. Lucky hunch.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.