E-Mini Long & Short, Same time Same account?

Nut, you are interchanging some confusing (to me, at least) terminology in subsequent posts - from my understanding, it appears that you would like to trade serial calendar months in the futures contract ES; in other words, you would like to 'leg' in to and out of one month code contract versus another month code contract in the same name. For example, March 11 ES future against a June 11 ES future.

If that is indeed the case, you can do it within the same account, and as fast as you can manage. Many traders do it with automation - for example, make markets in the June 11 ES and when work to fill the hedge with the March 11 ES. You can also use the exchange supported implied calendar spread market to offset your position.

If you choose to do this, be mindful of the Globex message-to-fill ratio policy.

If that isn't what your original OP intent was, then never mind.
 
Quote from bullsnbears1:

Hi Guys , what does this mean, ie trade the net position. can you provide me with an example. thanks in advance.
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if you are long 1 ES for a longer term trade, and for a shorter term trade you get a sell signal and sell 1 ES, you are net flat.

at some point, you will exit one of those strategies leaving you with the other strategy. if i'm long 1 ES from 1300 and at 1315, i have a short term sell and sell 1, i'm net flat. if i get stopped out on the up side for my short, i'm flat the short term idea and back to the longer term of long 1 ES. net profit/loss is the same. there is no need for multiple accounts. you cannot be long and short the same product in the same account.

if you can't keep track of the two strategies by keeping some sort of trade log, maybe you are getting over your head. or simply open a second account and keep your strategies totally separate. hopefully you don't have margin issues with this.
 
Quote from Futuresnut:

Tried to decide where to put this question; in broker? trading? Just decided to try here.

I have an IB account (used to have two open) and want to trade a system that uses intermediate and short term emini (ES) trades at the same time. So I could be long ES for the intermediate yet hedge in the short term with a short ES but don't want the short to cancel out the long. My plan was to use one account for the intermediate trades and the 2nd for the short term but with the fee structures now I would like to somehow do this in just the one account.

I guess I could do some sort of math to decide how to use SPY as an intermediate equivalent but I'm sure it won't be as precise as using the same instrument (ES) for both time frames.

Any ideas from anyone doing similar trading?
Thanks. :confused:
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As already suggested you can simply overlay strategies. Just store the logical info for each layer (or "trader"). Then you "project" on the single account the "net result" of all strategies. It's the best way because you can overlay any number of strategies (or "traders").

Tom
 
Quote from Futuresnut:

Tried to decide where to put this question; in broker? trading? Just decided to try here.

I have an IB account (used to have two open) and want to trade a system that uses intermediate and short term emini (ES) trades at the same time. So I could be long ES for the intermediate yet hedge in the short term with a short ES but don't want the short to cancel out the long. My plan was to use one account for the intermediate trades and the 2nd for the short term but with the fee structures now I would like to somehow do this in just the one account.

I guess I could do some sort of math to decide how to use SPY as an intermediate equivalent but I'm sure it won't be as precise as using the same instrument (ES) for both time frames.

Any ideas from anyone doing similar trading?
Thanks. :confused:
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It is possible with certain front end platforms. With the platform I use you can setup a dummy account that mimics a second account. I have a few customers that use one account to trade longer term strategies and the dummy account to trade short term. Mind you that both clear to the same account so your statement has it all in one account. If you end up short 1 in main account and short 1 in dummy account your statement will show you flat. Not a perfect solution but it helps them to trade the same contract with two different strategies. PM me if you want more information.
 
the concept is inane.

you are either net long or net short in various amounts.

holding offsetting positions is meaningless and a mind fk.
 
There are a few ways to do it:

1. Use a CFD account. You can actually be both long and short at the same time the same instrument in such account.

2. Use same futures but different expiration, like March vs. June.

3. Use different but highly correlated futures, like ES/YM/NQ. If you are long ES and short YM that is app. the same... (and 4 ES is app. 5 NQ)
 
Quote from Pekelo:

There are a few ways to do it:

1. Use a CFD account. You can actually be both long and short at the same time the same instrument in such account.

2. Use same futures but different expiration, like March vs. June.

3. Use different but highly correlated futures, like ES/YM/NQ. If you are long ES and short YM that is app. the same... (and 4 ES is app. 5 NQ) [/QUOTE

and what do you know about this pekook. you don't even trade. Its been almost 7 years and you can't make money trading on sim!
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Quote from Futuresnut:

Technically speaking yes but for me I prefer tracking one intermediate trade mechanically and placing hedges on pull backs.

Also, over the course of a good intermediate market run it can (but not always) translate into less commissions.

Example (assumes 3 in & out hedges over an intermediate term trade):

Hedge approach
- Long 1 unit (intermediate)
- Short in & out 1 unit (hedge) *note: separate intermediate still long
- Short in & out 1 unit (hedge) *note: separate intermediate still long
- Short in & out 1 unit (hedge) *note: separate intermediate still long
- Close 1 unit (intermediate)
total 4 units round trip trades

...
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open 2 accounts is your best bet.
 
guys this must be the winner for the most stupid thread I have come across at ET. There is totally no point in trying to be long and short at the same time unless you are doing calender spreads and then you'd better know what you are trying to achieve.
One long and one short equals nothing ! If you want to trade two strategies just calculate your net position. All the rest (well mostly) written above here is BS.
 
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