When There’s No Liquidity, It’s Best To Stay On The Sidelines
Posted on June 10, 2008 at 14:15 PM EDT
One of the perils of macro trading is that markets move 24 hours a day, and newsworthy events are not confined to the normal trading day in any particular time zone. When market-moving events occur in the middle of the night, one occasionally (or, depending on one’s proclivities, nightly) receives a phone [...]