You should be hedging your position with an ES contract. If your short the 2 YM's then grab 1 ES contract long to hedge your possible losses. This will not be an exact hedge but you will not lose much money. Also you could check to see if the DIA is trading (don't have access to that data here). 500 DIA shares is 1 YM contract.
Always have a catastrophic failure plan ready to go. I've made a button on my eSignal platform that says "Hedge Position"
By having two opposite positions you're just generating a protection net.
>What if the position go against me, when they backup? Anything I can do?
Always have a catastrophic failure plan ready to go. I've made a button on my eSignal platform that says "Hedge Position"
By having two opposite positions you're just generating a protection net.
>What if the position go against me, when they backup? Anything I can do?