Pre Default – You Are 100% Gambling

I like to take a good punt “once in a while” just like the next guy.

When you’ve got your potential losses accounted for ( with a stop in place ) or if you’ve got that “little extra” in a secret trade account somewhere fine. You know what you’re doing. It’s fun. It keeps this from being entirely about “strategy and math” – and for many it also provides a “lil adrenaline” where possibly a “lil adrenaline” is needed.

You know you are gambling. No two ways about it. It’s a 100% complete gamble with such a macro “risk event” on the horizon.

Have fun with it. If you can afford to.

Now the question of the potential outcome “should” the U.S Government ( with absolutely no one else on the planet to blame other than themselves) actually push this “past” the deadline of Oct 17th ( which actually isn’t a deadline at all – but works for the purpose of this completely “self engineered stunt”) and actually default?

Even better question – what if they wait til the last-minute and then “don’t” make complete jack asses of themselves (only to do it a couple of weeks later), save the day, only to dig themselves a couple trillion deeper into the hole?

Either way – it’s a no win. Ooops…I digress – the post was about gambling.

It’s a joke. It’s an embarrassment. It’s 100% completely ridiculous ON TOP of ridiculous as…….potencial “global war” couldn’t do it……but single handedly the U.S Government will essentially “take itself” down. Unreal. And “not at all by design” eh? Gimme a break.


Regardless……if you think you’ve got a handle on markets these days ( which I seriously doubt) and have a couple extra dollars burning a hole in your pocket – go for it. Gamble away.

Question is  – What’s your angle then? You buying or selling on the news?


7 Responses

  1. schmederling October 14, 2013 / 8:16 pm

    Spinning the wheel – here….. Long AUD/USD with a 4hr positive fire…. Short-USD/CAD…. Risk trades

  2. schmederling October 14, 2013 / 8:19 pm

    hmmmm posted but seems not to have made the board… LOL Long AUD/USD – Short USD/CAD…. spinning the wheel….
    Dr. Kong…. if a duplicate post comes up can remove either one….. taking the risk trade currently..! 🙂

    • Forex Kong October 14, 2013 / 9:03 pm

      I gotcha Schmed – roll those dice ma man!

      I’m “creeping around” on the other side of risk , but of course – I frequently am!

      Sp futures ramped right into resistance on super low volume, Nikkei negative….JPY futures hitting trendline support etc.

      It’s a freakin nutty market! And we are literally “on the fence” here…..juuuuuust the way they like it!

      Be safe!

      • JSkogs October 14, 2013 / 9:11 pm

        My bet is debt deal gets done because there isn’t really a choice. Short covering most likely caused the last two days of rallying in expectation of a deal then the news gets sold if the selling doesn’t start earlier. I’m going w yen longs soon and es shorts when I feel its appropriate. Staying the hell away from the usd for a bit thanks. Don’t want that trouble!

        • Forex Kong October 14, 2013 / 9:29 pm

          Love it….as the only “sure bet” on selling / risk off is long JPY.

          Freakin USD —- up , down , up , down , trade with risk , trades against risk etc……

          You’ve got it JSkogs…..frankly if I could – I’d choose not to trade USD another day of my life!

      • JSkogs October 14, 2013 / 9:25 pm

        If somebody forced me to take USD trade I might take short GBPUSD or EURUSD but neither are super exciting

  3. Richard Bryan October 15, 2013 / 2:48 am

    The US went into Iraq so any nut job decision can come out of D.C

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