Are you serious?

[Bad_Badness]

Long and Short in different target time frames is the only way that it makes sense. For instance: Being long in this market, trading for 20+ points, over hours, while taking short term tops to short, and potentially the double top reversal short over minutes, seconds.

But you should really have a clear plan, preferable automated signals, at least, for the LONG, the SHORT, and the COMBINATION, of the two. Even if the combination plan is to be orthogonal or independent. And of course two accounts.

 

[murray t turtle]

Isn't it amazing how absolutely no one researches this stuff, yes AMP are good, IB double margins overnight whenever suitable and for as long as necessary, the others are variable between those two.

%%
LOL.Sorry i have not also had time to research all the ''nuthing down'' RE offers.
Sure can swing/position + daytrade in one account;
IBKR recommends 2 accounts. Maybe a bit better, for the same reason 2 bank accounts can be better than one.
Partial disclosure= i did a ''nothing down'' RE deal, one of the few real estate deals i cut a loss on

 

[SimpleMeLike]

Just browsing futures brokers and found:


“We currently offer $550 day trading margins for E-mini S&P 500 (ES)”

Is this true?

My futures broker gets $12,320.00/contract for ES margin.

$550 day trading margins? Can someone please comment on this?

Thank you God for ES futures and $500 per ES margin contract.

This is such a blessing to me and my family and my future grandkids.

I have no other way to be a millionaire in a year besides ES futures and low margins.

Thank you God for ES future markets. Thank You.

 

[Rams Fan]

I have no other way to be a millionaire in a year besides ES futures and low margins.

How many millions are you up to now?

 

[oshjdf]

What benefit do you get out of two accounts? Why can't you "swing" and Day Trade in one account?

FIFO rule. Assume your 1st buy at 100.00, stop loss at 98.00, take profit at 120.00. The 2nd buy at 104.00, stop loss at 103.00, take profit at 106.00. If the stop loss of the 2nd buy is hit, the buy position that will be closed is the 1st buy position, not the 2nd buy position.

Multiple trading accounts in the same broker are needed for this situation.

Another situation is when you execute different short and long position in the same contract due to different trading system/frames, not for hedging. You do not want to close short position in the same contract when lower frame show buy signal.

 

[SimpleMeLike]

How many millions are you up to now?

Hello Rams Fan,

Almost there bossman!

 

[ph1l]

FIFO rule. Assume your 1st buy at 100.00, stop loss at 98.00, take profit at 120.00. The 2nd buy at 104.00, stop loss at 103.00, take profit at 106.00. If the stop loss of the 2nd buy is hit, the buy position that will be closed is the 1st buy position, not the 2nd buy position.

Multiple trading accounts in the same broker are needed for this situation.

With one or two accounts, wouldn't the results be the same?

1. Price: 99
   Position: none
   Order1: buy at 100; if filled, sell at 98 stop 120 limit, one cancels the other
   Order2: buy at 104; if filled, sell at 103 stop 106 limit, one cancels the other
2. Price: 100
   Order1 buy filled at 100 + slippage
   Position: long 1
   Order1c: sell at 98 stop 120 limit, one cancels the other
   Order2: buy at 104; if filled, sell at 103 stop 106 limit, one cancels the other
3. Price: 104
   Order2 buy filled at 104 + slippage
   Position: long 2
   Order1c: sell at 98 stop 120 limit, one cancels the other
   Order2c: sell at 103 stop 106 limit, one cancels the other
4. Price: 103
   Order2c sell filled at 103 - slippage
   Position: long 1
   Order1c: sell at 98 stop 120 limit, one cancels the other

 

[oshjdf]

With one or two accounts, wouldn't the results be the same?

1. Price: 99
   Position: none
   Order1: buy at 100; if filled, sell at 98 stop 120 limit, one cancels the other
   Order2: buy at 104; if filled, sell at 103 stop 106 limit, one cancels the other
2. Price: 100
   Order1 buy filled at 100 + slippage
   Position: long 1
   Order1c: sell at 98 stop 120 limit, one cancels the other
   Order2: buy at 104; if filled, sell at 103 stop 106 limit, one cancels the other
3. Price: 104
   Order2 buy filled at 104 + slippage
   Position: long 2
   Order1c: sell at 98 stop 120 limit, one cancels the other
   Order2c: sell at 103 stop 106 limit, one cancels the other
4. Price: 103
   Order2c sell filled at 103 - slippage
   Position: long 1
   Order1c: sell at 98 stop 120 limit, one cancels the other

From the perspective of profit/loss, it's the same for running both trades in the same account. From the perspective of trade management and journaling/tracking your trades, it can be confusing and waste of time if you're a manual trader.