Letters of the Week

Long and short, Golden Gate Petroleum, and hopes of a post-election market rebound.

In Adam Carr's October 29 article “Ride the fiscal cliff wave”, he refers to “net long positions of Traders”. He in fact bases much of the article on this term and I do not understand what he is referring to. My understanding is that in trading someone always buys and someone sells so the net is always zero. I therefore have to assume that Adam is talking about a subset of traders in this article, perhaps small traders? Is this correct? If not then can you please elaborate on exactly how a net position of traders is calculated?

Name withheld


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