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at 9:35am when the CBOE opens, a lot of new wealth in otherwise dead puts yesterday will be serious upside pressure. temporary as it may be

lots of index option pressure on the market today... some of those otm puts are now atm or itm... dash for the cash to capture premium this morning before it slips away. bonfire tinder exists beneath these indexes right here with put-options inflation

today and/or tomorrow may be great days to catch some spectacular swings. hunting for them in the right places will probably pay off big-time averaging against works a majority of the time, until it doesn't. just like russian roulette. same game, different name

only if he adjusts "profit target" to something bigger than +1pt otherwise, what's the difference here today?

I'm emotional about assigning maximum risk of loss limits to any given trade = situation = scenario? In other words, it's unemotional to leave an open trade, one against the trend no less without any plan for maximum loss protection parameters? After 11 years of doing this, I learn...

what are you willing to lose per contract, per trade was the question? we're pretty sure you aren't risking -$100,000 for the chance at +$50

oh I agree 100%... but from where? a swan dive to 1060s straight from here without retrace is entirely possible, first. then what?

just to be clear: you are now 3x (300%) normal position short with the market currently -8 index points (-24 points average profit at +1pt x 3 trades) against you? what's your risk manage plan if the ES slips to 1080 or 1060 straight from here?

150% agree with every word from bighog, patrickq and gaj. The path to success is a continual journey, the learning never ends. My first years were a roller coaster due to market conditions and style of trading. I traded mostly index options from the long side. That means buying calls in a...

for the intraday trades which are profiled there, I look for confirming signals on smaller charts than 5min timeframe. The 5min chart posted earlier is my roadmap filter... trading around and between the technical levels is fine-tuned inside smaller charts. No swing trades today, quit working...

I got bumped out on trails as it popped around. Maybe those results are substandard to yours today, but it met my intraday daily objective. That's all that matters to me :cool:

First of all, the ES opened the real session pretty much in the middle of two (2) gaps below and the upper gap near 1156+ So it had magnetic pull from both directions. One or the other should prevail, odds of probability are greater than not one gap if not several will close today. Least...

In response to earlier questions, I don't post in here until after I'm done trading for the day. Too busy managing real-money trades and working with the CM Team. Now that I am done intraday trading ES for today, will post up some (hopefully) helpful pointers in a little bit.

day-traded short 8 times for +5.5pt cumulative net. Went -1.5pt / 0pt / +3pt / -1pt / -2pt / -1pt / -1.5pt / +8pt to 1125s before they crushed way lower from there. Day-trade dogfight... probably made it a tad harder than it was. Would have appreciated an early collapse while I was short five...

A lot of things go into creating resistance and support for the markets. For sure the 50, 200, 250 day moving averages are a solid part of that. So are volume patterns, aka MP study. Likewise many things. But if we overlaid everything on a chart that mattered, we'd never see the price bars...

No fewer than four (4) open gaps gaping in the ES right now as we head into option expiry week. For pure intraday trading, this means little to nothing. That's all about cash collecting from small swings in market-neutral fashion. But for swing trading we have price hovering +30pts above...

I've been around a long time now, and I've seen many unbelievable things in the markets. Two lessons I learned in hindsight after painful lessons I hope you avoid: #1 - Commodity markets sustain huge trend moves. When a long-term price range breaks, commodity markets will cover way more chart...

yes... it means we'll be shorting our way down to that mark on Monday. Then we have no fewer than three (3) open gaps still above to contend with. Wild times, good times are back for emini traders :)

RED: the color of money $$$$

I've worked with hundreds of traders in the past ten years. Two of the major human-nature mistakes everyone makes, only some survive long enough to learn better. #1: Small profits and larger stops do not work. That does not work now, it has never worked before and it will never work in the...