Recent content by ESNQYM

Here is what I do: Assume I have 4 long contracts on YM for june, I can short against them 4 YM for September or 4 ES for june or 4 ES for September. for every 400 point in the Dow the S&P 500 moves about 30 points. You can hedge all the four at the same time, or you can scale if the market...

Well you did well on first day bucking $180. About stop limit orders you can have some times 10 points until your order is filled. Remember no one wants to give you his money so people would cancel their bids. Selling in fast down moving market won't guarantee good execution. Try to buy when the...

The single most important thing I learned from trading for 5 years so far is: Don't ask how much money you can make on a trade, rather ask how much you can loose. This will put things in perspective for you.

Yes you can make money going long if you know how to time the market. Unfortunately, $15k is not sufficient to trade stocks. An alternative is to trade Emini futures on the SP500, nasdaq & Dow Jones, this is exactly what I recently did. On average you need like $3000 to hold one contract...