Any one trading/watching the S&P e-mini?

Compulsive · Nov 19, 2008

The HSI is not as thin as trading the ES after hours - the spread at times can be 5-10 apart, other times they are 1 or even, but it moves and 1-2 contracts is like trading 10 contracts in the ES- no so much because of the tick value ($10 Hong Kong Dollars, about $6.25US, but it moves and it doesn't SIT -

saliva · Nov 19, 2008

It's now trading at 810. If you have no exit plan in place, please do yourself a huge favor by closing out the trade before it's too late.

rida07 · Nov 19, 2008

Quote from Compulsive:

I wasn't -

apologies - thought it was a level.. read a tonne of posts on here all saying to stay away from the HSI..

and darn.. i think i covered a little too early... got a little uncomfortable with 6 contracts..

rida07 · Nov 19, 2008

Quote from saliva:

It's now trading at 810. If you have no exit plan in place, please do yourself a huge favor by closing out the trade before it's too late.

already did - thanks

Ticktaker · Nov 19, 2008

Quote from rida07:

apologies - thought it was a level.. read a tonne of posts on here all saying to stay away from the HSI..

and darn.. i think i covered a little too early... got a little uncomfortable with 6 contracts..

Yup yup. Take four or five off and as they say: "Let the rest ride!"

Put a stop in that will leave you with a profit, albeit minimal if hit on the remaining one or two and go crack open a cold one.

You'll be saying coulda, should, woulda more times in a week than you have in your entire life prior to trading. No big deal.

rida07 · Nov 19, 2008

Quote from xxxskier:

bid and ask size is eye candy to pull you in. ignore it.

i disagree the advice of ignoring.. the bids and offers tell a story of who's doing what.. (even information that a volume turns out to be fake is very helpful)

been watching it very closely for hours over the last month.. today's set-up was a perfect example of a good set-up IMHO..

rida07 · Nov 20, 2008

Quote from Ticktaker:

Yup yup. Take four or five off and as they say: "Let the rest ride!"

Put a stop in that will leave you with a profit, albeit minimal if hit on the remaining one or two and go crack open a cold one.

You'll be saying coulda, should, woulda more times in a week than you have in your entire life prior to trading. No big deal.

yeah good advice - will def apply the next time...

thanks all - very helpful comments.. off to bed..