ES Journal Archive (2006 - 2008)

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B1S2, did I remember correctly you mentioning something about hedging against your positional trades with futures options or something of a kind? How is that working out for you? I am looking into doing something like that though on intraday basis. Ideally I would like to be able to have minimum amount of losing trades, by having a hedging position open at the same time of opening a position in ES future contracts. I have not looked into that matter at all so far, so any advice would be appreciated. BTW all opinions are welcome.

EDIT: I am not looking to hedge against my "scalping" trades, it is more for my secondary system's positions, that I am looking to open at pretty much market open and close sometime in the afternoon (depends really).

Thanks,

Romik
 
This is a hypothetical question in a way. If one is using small stops and the % ratio is say 60/40 or 70/30 (not 90/10) of win vs loss, wouldn't it be appropriate to have an opposite position open at the time in case 2 point stop is reached, while you are minimising loss per trade? Obviously it is better to sit on a system that does not yet provide more favourable win/loss ratio, I understand that.
 
Quote from romik:

B1S2, did I remember correctly you mentioning something about hedging against your positional trades with futures options or something of a kind?
Thanks,

Romik
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I only hedge occasionally when selling short options long term. I only do that by buying futures options. I usually don't hedge trades that I make on futures. I do sometimes buy options to lock in profits on futures and I suppose that could be called a hedge.
 
Quote from romik:

what's the trend now guyzzz? I am long on my secondary, need some advice

opinions is a better word here
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60 and 12 are both in downtrends in my view.
 
I use vantagepoint,, despite the bad press on this site,, and the market is right at the predicted low right now if that is any help Romik. Anyway I have to go out today all the best.
 
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