ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Dude - you mean CME Exchange min margins, right ?
https://www.cmegroup.com/trading/eq...sector=EQUITY+INDEX&exchange=CME&pageNumber=1
$12k for ES, $16k for NQ.
That's nothing....Interactive is at $17k ES, and $20k for NQ.....it's been like that for quite a while.
I want to dedicate this post to all of the perma-bulls and long-only traders out there.
This includes:
1) Robinhood traders (see attached article)
2) Jim Cramer - never, ever recommends a short position
3) Jon and Pete Najarian with their stupid "unusual option activity" segments on CNBC. They never, ever recommend PUT positions, it's always long call options with them
4) Dave Portnoy - the famous daytrader. See picture below. Note the banner in the background....and the Tums on his desk.....LOL.
This includes:
1) Robinhood traders (see attached article)
2) Jim Cramer - never, ever recommends a short position
3) Jon and Pete Najarian with their stupid "unusual option activity" segments on CNBC. They never, ever recommend PUT positions, it's always long call options with them
4) Dave Portnoy - the famous daytrader. See picture below. Note the banner in the background....and the Tums on his desk.....LOL.
Ya know to be 100% honest... his whole attitude about the thing is why I troll the idiot so much.
I can get over his stupid demo trading account calls with their 150 point stops, those are actually entertaining and I played along for years. And his politics. But real families are losing real people to Covid ever day. To trivialize this makes my skin crawl, and while I would never wish ill on anyone, part of me says I hope some day he has to feel the pain of losing someone he dearly loves. I have a feeling no such person exists for him however.
So - what's your playbook for the week ahead?
If we don't open strongly down in 33 minutes - I think I'll take my chances on a light short as I like the R/R. My bet is we'll see more downside going into the election. Maybe 3200/3180.
I'll be ready to reverse long, though, as I think it's possible we'll see a very sweet rally as soon as the dust settles.
If we don't open strongly down in 33 minutes - I think I'll take my chances on a light short as I like the R/R. My bet is we'll see more downside going into the election. Maybe 3200/3180.
I'll be ready to reverse long, though, as I think it's possible we'll see a very sweet rally as soon as the dust settles.
If people would just daytrade like they are already on full margin, they would not get into trouble. That's the problem with over-lever.
Resisted to short the Open and trailed a sell stop behind price on that initial pop. Filled @ 3267. Will put my stop @ 3303 and hit the sack. Small size, so only beer money. Let's see if we can take out 3200 by end of tomorrow.
Last edited:
On the subjects of extended trading hour gaps, @QTrader20 .
Notice that we gapped down last Sunday and didn't close that gap last week. We now have another gap down open this Sunday which failed to fill on the initial thrust higher off the Open.
Notice that we gapped down last Sunday and didn't close that gap last week. We now have another gap down open this Sunday which failed to fill on the initial thrust higher off the Open.
Yeah, right....so just go with the EMini Micro contracts where the commissions are anywhere from 50 to 200% higher than the "full" contracts for the same leverage. I just completed a comparative analysis.
Man, the brokers are just cleaning up with them. Who once said "Greed is good" ? LOL.
Oh.... I only tracked NQ ones, not ES. By the way, the previous Sunday evening's gap on NQ was filled during intraday session.
- Status