ES Journal - 2021/2022

[Master Pu]

As long as you understand that each MES contract value is currently around $20,700, so x20 lots equates to over $400k and if market does go into a lengthy decline you can get stuck holding bag of shit for months then it's OK as a strategy for stock index futures IMO. I don't do it, but to each his own.

 

[Girija]

As long as you understand that each MES contract value is currently around $20,700, so x20 lots equates to over $400k and if market does go into a lengthy decline you can get stuck holding bag of shit

Rt or wrong, I hv always been complacent with margin valu instead of notional. Mes margin is 1210. Es is 12100 at the moment.

 

[chillibean]

L 4076

 

[donnap]

LIFO/FIFO whatever blows your skirt up.

When I was in college, I worked for a while at the accounting tutorial lab.

We were going to get two dogs as mascots and name them LIFO and FIFO.

Not a very funny story unless you're stuck teaching in an accounting lab.

 

[Master Pu]

Have to keep an eye on VIX then.

 

[Buy1Sell2]

Long 4230.75 Initial stop 4098.00-----continuation of trade from last week

Loss of 133 pts.

 

[donnap]

Just sold an MES 5/14 4070P for 31.50 (157.50)

Probably very early, but I see a rally on the horizon and will be adding.

 

[Master Pu]

Long NQ 13002
Stop 12970
Target 13200

 

[Buy1Sell2]

Support at 4000 area? ---Could be

 

[newbie463]

Support at 4000 area? ---Could be

here are some thoughts.

swing high rth is around 4232 5% down is 4020 area.

4000 is big round number

ES spent lots of time in 3950-3975 range trying to break thru resistance.

if we get more weakness here, those are levels ill be watching.