ES Journal Archive (2006 - 2008)

Buy1Sell2 · Oct 21, 2008

Quote from webbma:

If margin requirements aren't an issue...why would someone trade ES over SPY or vice versa? or is the lower margin/performance bond requirements the main issue?

This is another way that someone could learn to trade. ie trading without margin.

Lawrence Chan · Oct 21, 2008

Quote from webbma:

If margin requirements aren't an issue...why would someone trade ES over SPY or vice versa? or is the lower margin/performance bond requirements the main issue?

Tax is an important factor.

webbma · Oct 21, 2008

Quote from Buy1Sell2:

This is another way that someone could learn to trade. ie trading without margin.

sorry what do you mean?

Buy1Sell2 · Oct 21, 2008

Quote from webbma:

sorry what do you mean?

Trading only an amount that is 1 to 1(or less) with your capital. Ask yourself "What got Bear Stearns in trouble?"

Lawrence Chan · Oct 21, 2008

Daily momentum will head south if ES closes below 60 today.

Buy1Sell2 · Oct 21, 2008

Lot of traders supporting the 964 low, but I suspect that it will eventually fall through there.

Lawrence Chan · Oct 21, 2008

First target S1 at 58 touched. Sweet! (sorry can't help)

startraitor · Oct 21, 2008

long 956.50, 5 pt stop, pa target

Buy1Sell2 · Oct 21, 2008

I believe that ES will have just one chance to reverse to the upside today and it must occur in the next 25 minutes before the end of this 60 minute bar. Otherwise, the market would most likely be lower into the close.

Buy1Sell2 · Oct 21, 2008

Quote from startraitor:

long 956.50, 5 pt stop, pa target

I understand why you made this trade from action on the 2 minute chart, but I think it has a low chance of survival for extended gains. Good fortune to you though if you have indeed found the bottom!