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End of the week. ES still up: ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] We have been getting the due profits from all layers, except NQ (huge spread). Currently, the total PNL is about 24.7K (total of commissions about 4.4K) after 45...

Today, the situation is not much different from yesterday. ES is another 1% up: PNL is currently about 17.8K. Sure we have missed a lot of profits by closing early many layers, but better safe than sorry, and we can't see in the future :-) NQ still impossible to close due to "monster"...

This morning (here in Rome), the situation looks finally better. I closed all the SPX options with a tiny profit so that I am now free to allocate on the more suitable ES. But I am still unable to close NQ, because of wild quotes and spread (never mind, it was served anyway as an...

Today the market is moving up another 2%, which allows us to recover all the drawdown (mostly caused by ES FOP 20220414 3400 P GLOBEX 50) and get into a positive area (about 14K profit currently). Before the end of the day, I am planning to close all the SPX layers that are positive, so that...

I have also let another layer close in profit, in order to have margins to trade the other layers which still need to come to a profit. To close it, I just set up a take profit at 6.5K as you can see on the take profit dialog box on the top left of the picture. ES FOP 20220323 3800 P GLOBEX...

The current situation with ES: taking advantage of the momentary small rise, I am going to close in profit one layer (locking 8.9K): ES FOP 20220331 3600 P GLOBEX 50 E-mini S&P 500 [EWH2 P3600, 518635917, mult: 50] I know. I could have waited for it to crash since...

Anthony, in the meantime, I have performed various illustrations here on ET (e.g. https://www.elitetrader.com/et/threads/trading-with-automation-with-ib-ii-spreads.316841/ ) but I guess you may like this other recent approach more (also more suitable for risk-averse investors :)...

Yesterday I have carried out another "information transfer" from the ES FOP 20220323 3600 P GLOBEX 50 E-mini S&P 500 [E4CH2 P3600, 546996532, mult: 50] which was expiring in just 13 days to a slightly far away maturity (20 days): ES FOP 20220331 3600 P GLOBEX 50 E-mini S&P...

S&P has recovered a little bit, and we have less "pressure" on our instruments. The recent market decline has allowed us to do a lot of long scalping action, which has various advantages: - reduce margin usage - reduce drawdown - add additional profit This kind of approach, since it is...

We are still doing fine and according to plans, even in the middle of the storm. https://edition.cnn.com/business/live-news/stock-market-news-russia-ukraine-030722/index.html Actually, it's good to perform this test under relatively tough conditions. ES situation: I am noticing that, at...

Yesterday I transferred back one of the 2 more risky layers: ES FOP 20220323 3500 P GLOBEX 50 E-mini S&P 500 [E4CH2 P3500, 546995410, mult: 50] to a further maturity (42 days), to avoid too much DD in case the market goes down. This has also allowed closing a few "stranded" buy orders (so...

It also depends on whether you are actually being able to absorb more than the basics. Sometimes people are just not ready to grasp things that are told to them, which may become obvious much later in time.

I have done some other "information transfer" (or rollover) to speed up the process and also to be able to compare the behaviour of the scalping engine with options with different delta and volatility. . So we have now four ES instruments as follows: Expiring in about 21 days (very risky): ES...

Yesterday ES opened with a noticeable gap (about 3% down), but during the day recovered it. In the afternoon I have been doing another "information transfer": from ES FOP 20220429 2200 P GLOBEX 50 E-mini S&P 500 [EWJ2 P2200, 540844331, mult: 50] to ES FOP 20220429 2200 P...

I have rolled over all (3) the ES options to a closer maturity (63 days) and, in the process, also closed the "stranded" buy orders. For instance: It is important to note, that through continuous rollovers (or, more precisely, "information transfers") we are able to close also the buy orders...

There was a movie title that seems to apply: "Careful What You Wish For". We wanted some action and Forbes titles today "Catastrophic' Stock Market Crash Isn't Over..." And just after we demonstrated some rollover to a higher delta :) ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2...

Example of a rollover ("information transfer") to closer maturity and strike The approach we are exploring here, among many pro's, has also the advantage of a convenient "modulation" of risk. In fact, by choosing the delta that we like we can decide and change at our liking how much impact the...

Since we started, almost 23 days ago, the market (ES) has moved within a total range of about 7.90% . We have taken a max position of 99 short options (deep OTM) while currently, the global position is 74. The bot has been making some buy orders in order to scalp long. Our current DD is...

Situation today: ES FUT 20220617 GLOBEX 50 E-mini S&P 500 [ESM2, 477836957, mult: 50] Delta 0 0.0297. Very little impact on "our" option. Of course, being practically "unreachable", we welcome drawdown, in order to be able to scalp a bit with buy orders and load up...

A priori, there is no such a thing as a bad or "good trade". Those are just guesses based on nothing. You need to understand the bigger picture of your strategy, which that trade is part of.