Watch spy interest. The 100 calls have already dropped 60k in open interest. Sure is lopsided for the put holders if they keep it under 100. Keep an eye on 98 spy open interest change in the morning. i won't be the least surprised if they fill the gap from friday between now and Friday. 968 -1004 range for rest of the week.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
Watch spy interest. The 100 calls have already dropped 60k in open interest. Sure is lopsided for the put holders if they keep it under 100. Keep an eye on 98 spy open interest change in the morning. i won't be the least surprised if they fill the gap from friday between now and Friday. 968 -1004 range for rest of the week.
107 point +stop for a 56 point + profit.
If stops are no more than 2% of TLNW, then this trade added about 1% to the pile of chips.
In futures trading, a business of losers, 1% profit is better than most.
Quote from smilingsynic:
In futures trading, a business of losers, 1% profit is better than most.
Although that is true, with his last 3 trades:
1. Gave back 50, made 0.
2. Gave back 50, made 5.
3. Gave back 35, made 56.
Gave back 135, made 61 or so, which is 0.6 % for him and it took about 3 months to make that much... So annually it is less than 3% return, why not just put it in CDs and save on commission?
(with his style, commission is really irrelevant)P.S.: The real genius would be making a thread where other posters help him by making excellent market predictions, so he could use their knowledge to his timing of market turns. Oh wait....
Oh yeah.We are now down -20 % from this years Shanghai high. Bloomberg is already running the headline "China entering bear market". LOL !
Clueless journalists.
Quote from Buy1Sell2:
Most importantly, it was 56.75 pts per round turn commission.
B1S2,
sorry to bother you with the question as most probably you answered it before :
what was your initial R/R for the trade ?
That's a very good analysis there.Quote from Pekelo:
Although that is true, with his last 3 trades:
1. Gave back 50, made 0.
2. Gave back 50, made 5.
3. Gave back 35, made 56.
Gave back 135, made 61 or so, which is 0.6 % for him and it took about 3 months to make that much... So annually it is less than 3% return, why not just put it in CDs and save on commission?
The (total) risk parameters of a trader will automatically define the reward.
If that's all the method generates, it's barely worth it for the time and risks involved, IMHO.
LOL, at least it makes for a decent place to hang-out on ET ... nothing wrong with that.Quote from Pekelo:
P.S.: The real genius would be making a thread where other posters help him by making excellent market predictions, so he could use their knowledge to his timing of market turns. Oh wait....
It's very interesting how, over the past few days, the market has been heldup (or barely dropped) during the US trading session, but given what are easily 10-20 pt moves during the overnight (London) session.
- Actually, not interesting at all, more like irritating, I just wanted to comment on it. -
- Actually, not interesting at all, more like irritating, I just wanted to comment on it. -
- Status