Ich habe es zufälligerweise eben gerade gelesen und ist ca 2 Stunden alt. Ist nicht auf Gold futures bezogen, aber passt denke ich gut dazu.
Howard Bandy schrieb:
Greetings --
Lack of liquidity and the ability to exit a position has been one of the major problems for traders of all account sizes. My recommendation is to invest / trade only those issues where the entire position can be exited any day -- preferably any minute of any day. On the US markets, a daily liquidity of $100,000,000 is a reasonable requirement. That provides over 400 tradables, including nearly 100 ETFs. (I realize that there are only a dozen or so issues listed on the Australian exchange that have anywhere near that trading volume.)
I measure liquidity as the dollar volume rather than the share volume. One of the advantages is that splits are automatically taken into account. The width of the bid - ask spread is closely correlated with liquidity. US stocks and ETFs typically have prices from $20 to $100. Those with the highest liquidity have spreads of 1 or 2 cents any minute of any day.
When problems arise and markets begin to drop, previously uncorrelated portfolios lose the safety and stability as correlations rise toward 1.00 and everything drops together. People sell what they can sell, not necessarily what they want to sell.
Thanks for listening,
Howard
Nachdem ja ein paar Gold-Trades am Freitag von mir in Forex Trades and Talks auf Resonanz gestoßen sind, hier der heutige Tag im passenden Threat. Zum Wochenbeginn ist in Gold in der ersten Stunde meist zumindest ein Minimum an Bewegung. Da machte ich als Einstimmung vor dem Schlafengehen meine erste Fingerübung.