Crash Proof High Probability Diagonal Calendar Spread Trade ES Emini S&P500

winstonwee

winstonwee

This is a live trade. Not simulated
I did this trade yesterday on the 17th Mar 2021
The front leg expire next friday 26th Mar 2021

I am not looking to hold the trade till expiry, probably around next wednesday or thursday I will look to exit the trade.

Max risk on the trade is $400

Risk Graph



Zoom out risk graph we can see the max risk is $400




Youtube video


Any Opinion?
 
GaryBtrader said:
Lots of legs from the look of the P&L graph. I wonder if it's worth it from a management / cost / slippage point of view?
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yes a couple of leg that why i pick ES instead of SPY
so my total comm to open is about $18 using TD ameritrade
to close will need another $18
plan to do 2 set of this when this expire next week
 
winstonwee said:
yes a couple of leg that why i pick ES instead of SPY
so my total comm to open is about $18 using TD ameritrade
to close will need another $18
plan to do 2 set of this when this expire next week
More...

Ahh...that's a lot more than a couple of legs...looks more like 30. Good luck getting filled without having to pay the ask for each leg.
 
How do you expect to make money with these spreads in the long run? It feels like the fees will be a big hurdle to overcome.
 
ET180 said:
Ahh...that's a lot more than a couple of legs...looks more like 30. Good luck getting filled without having to pay the ask for each leg.
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there is only 10 leg in total
each leg cost about $1.80 in comm so to get in is $18 total comm
getting filled is not a issue ES is very liquid I fill the whole set of trade in less than 5 mins
 
tayte said:
How do you expect to make money with these spreads in the long run? It feels like the fees will be a big hurdle to overcome.
More...
the fee is not really that big i choose ES instead of SPY because if i were to use spy the fees will be great but es fees is manageable
 
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