ES Journal Archive (2006 - 2008)

[saliva]

Quote from startraitor:

Wow, I never heard of someone buying shares of an equities index futures contract! How many shares of es did you buy?

It is usually refered to as a contract or a car on the floor. Car originally refering to a 5000/bu railcar of grain. Good luck with your es shares!

Let's not forget that down in the pit, traders refer to a contract as a "lot". FWIW

 

[startraitor]

That's the difference betwen the Irish and the Jews on the respective exchanges. I know the history of the semantics and I don't recall "shares" being part of it.

Quote from saliva:

Let's not forget that down in the pit, traders refer to a contract as a "lot". FWIW

 

[OldTrader]

Quote from regal_2012:

how many trading careers ended this week?

dozens

and that only counts people from this thread

short here, looking for a complete collapse, like to 1000

So before you went long your "ES shares", evidently you took your beating on your short sale from Friday. LOL.

OldTrader

 

[jasonjm]

hehe someone went to sleep this weekend and didnt look at their screens

they left a bid of .50 cents on oct 17th 1000 strike ES puts


i sold 10 of em just for fun, .50 cent fills, already holding 30 of em from friday

there are 14 left if anyone on this forum wants to sell the other 14 to this guy

hehe

im holding to expiry of course, odd of market hitting 1000 by oct 17th is pretty slim I would say hehe

 

[tommymoose]

Tomorrow is going to be interesting, thats for sure.

Anyway, I got some good dialogue going with a couple posters when I posted up my last stock swing/position trade here (APP) so here goes another for anyone thats interested.

PPC... I am new to this stock, but looking over the chart I've noticed that this thing responds to fib levels more precisely than any stock I've ever seen. Literally every major pivot occurs at a textbook retrace, extension or both. The confluence is also some of the tightest I've seen in any stock chart (levels within 10 cents of each other). Because of this, I'll take my entries and exits accordingly. Also notice the volume and clear accumulation going on at these lows.

Long from $13.21 on Thursday. Initial stop at $10.93 but I'd like to quickly move that up to a little above $12 once(if) we get out of this 13-14 range. First target at $19.15. Second target at ~$22. Third at ~$26.

Nice Chart -

 

[saliva]

When the Globex traded down 40+ points earlier this year, it screeched to a halt by hitting limit down. Ironically, I guess limit up doesn't quite apply.

 

[volente_00]

Quote from saliva:

When the Globex traded down 40+ points earlier this year, it screeched to a halt by hitting limit down. Ironically, I guess limit up doesn't quite apply.

5% move from 1240.25 to trigger overnight

 

[jagmot]

Quote from saliva:

Whoever thinks insider trading is illegal (or that it's strictly enforced) should by now be seen as a fool.

It is not illegal when you have 'permission'

 

[jagmot]

Quote from jasonjm:

hehe someone went to sleep this weekend and didnt look at their screens

they left a bid of .50 cents on oct 17th 1000 strike ES puts

i sold 10 of em just for fun, .50 cent fills, already holding 30 of em from friday

there are 14 left if anyone on this forum wants to sell the other 14 to this guy

im holding to expiry of course, odd of market hitting 1000 by oct 17th is pretty slim I would say hehe

Too much margin IMHO for .50. Also I see a bid of .60c right now btw

 

[jeb9999]

Quote from volente_00:

5% move from 1240.25 to trigger overnight

Electronic (AKA overnight) trading hours on Globex have the 5% equities futures limits both up and down, but RTH limits (10%, 20% and 30%) only kick in on the downside.