...And They Have a Plan. (Live.)
- Thread starter Overnight
- Start date
That is a safe play, considering how far the SP is from it's ATH and the time horizon you have allowed yourself if you are entering the trade as a swing.
@Laissez Faire Got it correct. I've only been studying/learning/trading the markets since April 2014. Nothing like 2022 has happened in that time frame.
Hello Overnight,
I perfectly understand.
That is around the time I started trading as well. It is a lot of work and study and practice to get confident and consistent.
Have you considering trading the SPY instead of ES/NQ futures market? I think SPY is a bit better for big swing trading style. You do not have to worry about contracts roll over and stuff. And its a bit less riskier and requires low account balance to invest and trade.
I like ES for its low day trading margin to make a few trades and be done. Just my opinion.
Overnight margin for 1 MES is around $1000.
How much margin is needed for holding 50 shares of SPY overnight?
I could be wrong because i don't trade stocks these days, but i think almost ten times as much is needed?
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As Businessman mentioned there, the big SPY stuff is very capital-intensive. Futures have much lower financial barrier to entry.
Not to mention that futures trade 24x7 (Sun-Fri), so you don't have to worry about overnight gaps.
Thanks for explaining. That makes sense.
I pulled the 1 point below and put one on at 3548 in MES March'23. Originally had it for 3 contracts, but when I pulled the order and watched the carnage, I decided 1 maybe a better choice leaving the option to add to a loser at a lower level. Oh brother that is not positive thoughts or good trading.
I won't continually post in your thread; just thought I'd pass on since I said I would eventually get back to longer term trading.
I won't continually post in your thread; just thought I'd pass on since I said I would eventually get back to longer term trading.