I am being SQUEEZED!!!! by the ES
- Thread starter saxon22
- Start date
He certainly doesn't need to be a prop-trader to carry 67 short. He asked how to provide proof. I personally don't believe it, but only because he trades the position like a complete degen and therefore unlikely to be sitting on $400k +.
We've all been in the kind of pain you're experiencing, and reacted at some point by averaging down. I cannot think of a single instance in which that trade turned out profitably for me. Never happened.
Some of the most profitable moves come being on the other side of people in your situation closing their positions.
I wish you the best, I really hope you get out alive. You are close to with your feeling of a market high, I made all my money today shorting the silver stocks, lots of stuff extended here including nq,es,etc. Unfortunately imho shorting the market for multiple days on an up year in December is dangerous. Many forces are at work to get this market higher into year end.
Totally depends on what type of trading you are conducting. If you are hyper-scalping ES then looking at buying/selling patterns from only 500 companies (S&P500) in the NYSE may be what you feel works best.
I don't hyper-scalp ES, I do intraday position trades or longer term trades so I like to see the context of the entire BUY/SELL program activity in the NYSE (you never know what sectors may be real active from one day to the next). Also, there are BUY/SELL program patterns I have found from watching the NYSE TICK that help me to time entries better for intraday position trades. I was not able to see these patterns as well with only the 500 companies with a custom TICK.