Recent content by emini.guru

Why do you think most options expire worthless ? Just write them ridiculous overpriced when the VIX is at extremes and this fear or greed will catch a few emotional traders as bait. Emini Guru

All positions sold @ 1210.00 at 2:59PM 2 min ago. Emini Guru

Perfectly aware of the risk and I would not trade any other way. Emini Guru

The scale in long position is now complete. 1145.75 catastrophic stop (3% risk of account) Tuesday 4PM EST Close final target No scaling out will be performed and no stop adjustment. Emini Guru

Unfortunately fills were obtained around market close and afterhours, therefore the position will remain active until 4PM Tuesday close or 3% catastrophic 1145.75 stop. 1200 10 cars limit filled 1190, 20 cars limit filled 1180, 40 still pending Emini Guru

Limit long 10 cars ES December expiration at 1200, 20 at 1190 40 at 1180, stop 3% of account at approximately 1147.75, target Monday 4PM close EST. It is now 2:57AM EST and no fills yet. Emini Guru

Possibly due to the short selling limitations. Emini guru

Never read the book but the real money in options is made writing them not buying them. Buy them when you must hedge, rest of the time, write. Emini Guru

Futures go up, someone knows something. Futures go down, someone knows something. Don't rationalize it, trading instruments, for the most part go up and down, even as they trend up or down. Emini Guru

And I can tell you beyond a shadow of doubt that you never learned how to read it properly. Emini Guru

I would trade any size as long as I'm properly capitalized and the instrument offers the liquidity for such size. Size is not the issue here, risk management is. Emini Guru

Price likes to mark it's territory, just like a dog taking a "piss" in different areas. When price is marking its territory it places an S for Support and an R for resistance depending if the mark was situated on the south or the north, then it just goes on and plays between the two...

Don't over-complicate it, it's all a game of probabilities, money/position management, and discipline. A numbers game and a heads game. Emini Guru

Your stop should be well guarded, if you trail it aggressively it wont be, the stop should be used to protect capital, not profits, profits you ultimately take yourself, consciously.

The tight trailing of your stop will ultimately cut in the way of your profits as price likes to test on numerous opportunities support and resistance. Being stopped out while getting the correct direction is a cardinal sin in trading. Emini Guru