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Australian Members - Page 2143

post #32131 of 58027
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Quote:
Originally Posted by fxh View Post

aah romp - shorting/ going long is soo easy to make money - especially on currency where no one is doing it.

Leveraging is even better - only dumb people don't do it.

Lets look at it

I short aud - lets say I buy 100 aud @ 95c todays price

I sell this and hope dollar drops

Ooops it goes up to $1.05c - I have to meet the sale or margin call.

oops - don't tell the wife...

I buy back the 100 units of dollars at 105 cents = $105

I return the 100 units to the person I borrow from plus pay him a fee for borrow (perhaps 5% p.a.)

and therefore I've made - $10 (- $105 + $95) plus 5% fee = lets say $12 for every 100 units

Lets say I've leveraged out (I leverage because I'm a smart dude not like other idiots who don't leverage) to 1,000 units = 1,000 X $12 = $12,000 payable immediately.

Or if I was really smart I would have leveraged out to 5,000 units - so I'm up for $60,000. Now.

Ring bank re line of credit on house.

Ooops sorry- ring estate agent re selling house.

Wonder if those suits and shoes would bring much on ebay.

Think of way to approach wife with news.

Look up caravans for rent on site at Cranbourne

This ↑
post #32132 of 58027
You don't want to be doing this stuff if you don't know what you're doing. I work in the finance sector and even then it scares me.
post #32133 of 58027
I'm just a humble rag trader smile.gif
post #32134 of 58027
I didn't check but I think I got some numbers wrong - still the basic idea of leveraging, margin calls, shorting, going long - is there.
post #32135 of 58027
Not the only shorting fxh dislikes...

post #32136 of 58027
ernesto - didn't I spot you at the "Festival of Steve" - Saturday? freezing ankles - the facial covering = The Full Ned - arms inked up - Buddy Holly Specs - drinking boutique beer - chatting up the hairdressing ladies - feeling jackets at stalls for canvass - asking BMT bloke when he was gunna spit on your shoes to get the right polish....
post #32137 of 58027
Quote:
Originally Posted by fxh View Post

ernesto - didn't I spot you at the "Festival of Steve" - Saturday? freezing ankles - the facial covering = The Full Ned - arms inked up - Buddy Holly Specs - drinking boutique beer -

Sure you weren't at Kraftwerk?

So Soros is simply engaged in a a form of high stakes gambling with our currency which is looking shitter by the minute?
post #32138 of 58027
Quote:
Originally Posted by Geoffrey Firmin View Post


Sure you weren't at Kraftwerk?

So Soros is simply engaged in a a form of high stakes gambling with our currency which is looking shitter by the minute?

 

Pretty much - and also why he earned all that love from Mahatir in the Asian Economic Crisis in '97.

 

 

On another note:

 

 

 

 

 

http://sarcastic-sartorialism.tumblr.com/post/51392036222

post #32139 of 58027
It would be nice if people spent their time trying to create something of value, or trying to obtain skills that are of value, rather than devoting themselves to attempting to get rich through glorified gambling (like fx trading). It's not going to happen. But it would be nice.
post #32140 of 58027
Quote:
Originally Posted by fxh View Post

ernesto - didn't I spot you at the "Festival of Steve" - Saturday? freezing ankles - the facial covering = The Full Ned - arms inked up - Buddy Holly Specs - drinking boutique beer - chatting up the hairdressing ladies - feeling jackets at stalls for canvass - asking BMT bloke when he was gunna spit on your shoes to get the right polish....

Yeah, that was me.

But I was asking for split toes, not for him to spit on my toes.
post #32141 of 58027
Split toes? That's a harsh punishment. What sartorial sin was committed?
post #32142 of 58027
Th idea is that you're closing market imperfections -- misallocations of capital -- which is then actually creating value.Anything you can create and investment hypothesis about is hardly gambling. I can post more if people really care but I'd rather avoid the topic.
post #32143 of 58027
Quote:
Originally Posted by tobiasj View Post

It would be nice if people spent their time trying to create something of value, or trying to obtain skills that are of value, rather than devoting themselves to attempting to get rich through glorified gambling (like fx trading). It's not going to happen. But it would be nice.

I disagree, but this is not the forum to debate this issue.

post #32144 of 58027
Quote:
Originally Posted by thebrownman View Post

Split toes? That's a harsh punishment. What sartorial sin was committed?

 

No Love for the "Split toe"... How so? Carmina obviously have a few in their Bluchers and Loafers...

 

IMO it's more of an Italian/Spanish aethestic than English, and l like it......

 

However l have seen a few Alden split toes, and they were not so flash.....

 

So could l be slightly correct in saying the split toe befits a more aggressive/sleek last, than a more traditional last.

post #32145 of 58027
Dover........Split toes are my favourite non-chukka casual shoe by far! If I where to own only one blucher it would be a Dover which fits me perfectly; sadly I've not money to spend on EG and if I had I would probably be wiser to go for the Chelsea. But I guess it's all subjective...

How bout a discussion?
What are your thoughts on Ivy in Aus?

I tend to get closest to an Ivy look when I dress casually. Something like boat shoes, loafers, classic sneakers and comfy footwear (DB's etc.) with OCBD's and other casual shirting, with a jumper or shirt jacket thrown over and when cold something for the wet.
Though my casual way of dressing isn't distinctly Ivy I enjoy the aesthetic, though I know many who find it frumpy and boring. I still find it fits quite easily into Australian sensibilities as I don't notice any stares and such.
What are your thoughts?
Been reading some of the 'Talk Ivy' stuff on Film Noir Buff and enjoying it so much that I wanted to as your thoughts on it.
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