Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I spy an inverse head and shoulder pattern in NQ.
Overnight rally looks like a sure thing tonight. The odds are in my favor going long now NQ 7397.00
Holding yesterday's close over the night yielded an unrealized loss of approximately 2800 dollars per contract on NQ. So, you got to have deep pockets to utilize this type of play.
Do you guys have any stops at all? One day (and there have already been periods like this) the market will drop massively.
Do you guys have any stops at all? One day (and there have already been periods like this) the market will drop massively.
Why does it matter? According to Rickshaw, there is zero risk in holding overnight. So don't worry about it. *Sarcasm meter on full*.
Actually, it is starting to look good now.
You missed my point. I actually gave Rickshaw and others praise for being in tune with and utilizing this bull market.
I was merely curious if they use stops at all and what their strategy is when this market one days reverses for good. If you're increasing position size in tune with profits, you can fairly quickly eradicate your winnings and then some if you take your losses on your biggest size.
That said, the average Open in ES for the last 5 years is 0,50 giving a slight upside bias, but it's fairly well distributed between negative and positive values with the average negative being slightly bigger and the maximum negative far bigger. So, there's a bit cherry picking going on in this thread as well and silence during market down turns.
