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Rollover: The rollover is the time, when most traders get out of one month to get back in into another month. On the rollover the volume moves from one month into another (not necessarily the next contract month). Most broker will tell you this happens on a specific day, but this isn’t true...

Hi Andy! As far as I can see you are recommending many more meats spreads this year then any other market. Why do you prefer the meats markets? Actually I do not have any preferences. I trade what I see. I look at a chart, and if I like what I see I trade it, without having any specific...

I actually don't have any target (only my first target = initial risk). I just let it run and use a trailing stop. Andy

I have entered my first trade this year. 22 x EDM7 - EDM8 on 01/16 at -0.335. Risk per spread is $225, basis seasonal. So far it's moving into the right direction, but you never know. My first target is around -0.245. Happy trading, Andy

Hi Andy! Do you always enter and exit a spread using a Market On Close (MOC) order? Most of the time I use a simple MOC order to enter or exit my spreads. The MOC order has the advantage that you have to get filled in the last few minutes of the trading day, and therefore you can check if...

Hi Everyone, I hope you all had a great time over Christmas and New Year. Again, all the best for 2007 ! But now, back to business: I will start trading a $100k account this year. Why $100k? No idea, I just like the number. :) My risk per trade will be 4%. Risk and first target are...

Hi Guys, I will be back around January 8 and happy to answer all your questions. I am just trying to get away from markets and computers for a few weeks. I hope you don't mind ;-) I wish you all a happy 2007... Andy

Trade I got out of my W-W trade on 12/15 at 5. Hyp. profit on this trade $3,900 - commission of $60 = $3,840. My hyp. account is at around $66k. Starting 2006 with $50k this means a profit of about 32%...

Trade I got out of all my open position already yesterday. The reason, I am feeling terrible with very high temperature. I will post the results when I feel a bit better. Happy trading Andy

Hi Rachel, send me an email and ask for the free spread PDF's. Regarding books, you will not find much out there. There are only a few spread books and most of them are not worth the money. Regards Andy Jordan andy@jordan-trading.com

Ah OK - got it! As you write above, with some spreads it makes sense to equate the tick $ value, with others it doesn't. Especially when you trade index spreads you might want to try different ratios. Maybe you start with the ratio recommended by the exchange to get reduced margin. But...

Euro-Pound Hi optioncoach, I don't know if you trade the spread in the futures market, but if this is the case you might want to consider the Euro and the BP have a different unit value. You can not look at the Euro-BP spread. You will need multipliers to get the right value for your...

Hi Andy! What is the best way to enter or exit the spread trades? Andy: I think there is no “best way” to enter or exit spread trades, there is only “your way”. Let me explain: I personally enter on the close via Market on Close (MOC) order or at the open on the next day (I always...

Trade I got out of my LH-LH spread after my stop got hit with my last 4 contracts at 2.8. Hyp. profit on this trade is $1,440 - commission of $240 = $1,200. Hyp. account now at $63,112. Happy trading Andy

Oh Oh, currencies spread...this is tough! Andy

Hi Guys, I am going to stop my trading on the 15th of December. I will start looking at the charts again on the 8th of January next year. I am really looking forward to get away from the markets for a while. I know, I will come back highly motivated! I am not sure if I am going to enter...

Trade I got rid of my FC-LC trade after the spread reached my stop at 12,950 on Friday. Because I am exiting MOC the next day I got out at $13,330. Hyp. Profit on this trade is $825 - $60 commission = $765. Hyp. account is now at $62, 592 (including all the trades where I am still...

Right, I did not answer the dropping one side of a losing trade question...sorry. When you drop one side of a losing spread you become an outright futures trader, right? And it only makes sense if you would take this outright futures trade independend of what happend to your spread trade...

All my stops and entries are based on the close. If my stop get hit at the close I exit the next day via market on close order. I have to admit this is sometimes hard to do but after trading spreads for a while I can say at the end it doesn't matter as long as you try to be consistent...

Hi Andy! What do you think is the most important factor to become a successful spread trader? There are probably many different factors involved in becoming a good trader or spread trader, but I personally think discipline makes all the difference. When I look at my trading journal, I can see...