InvestorsHub Logo
Post# of 42555
Next 10
Followers 18
Posts 2056
Boards Moderated 0
Alias Born 03/11/2001

Re: ElderWolf post# 38761

Tuesday, 05/18/2010 11:33:15 PM

Tuesday, May 18, 2010 11:33:15 PM

Post# of 42555
Guys...I'm a dollar bear. Right now the dollar is setting up for a crash. If we play our cards right...we'll be able to profit from a nice long downward spiral. I've never been much of a short term trader. I usually like the intermediate but mostly long term investments against the dollar.

A strategy to consider...

When we see the dollar topping out...sell it against the strongest currencies. Instead of setting a stop loss...buy an option. It'll cost you some in profits but it helps to hedge against losses if our timing isn't exactly right. We're talking thousands of pips here. I'm stoked!!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.