I am being SQUEEZED!!!! by the ES

Quote from Nine_Ender:


Well, almost everyone missed a key point about this thread. On Monday morning, the S&P 500 futures were at 1234 area and you would have got a margin call.

If you cannot explain yourself, this thread should be deleted or moved to "Chit Chat" where it belongs.



No...it was not missed...why bother responding in a real world to a fantasy trader...?


NiN
 
Quote from nkhoi:

doesn't sound like he put up a large size at a time, of course I just go by your old ET posts on the method.
I did not follow all that close to what saxon was doing but I thought he threw on a chunk at one point to go to 67 total? That is what I was talking about.
 
Quote from devilfishlane:

"As your grammar and spelling is very poor it may be of considerable benefit to you to keep both hands above the desk when using the keyboard... "

NiN (Name is Numbnuts)

My 5 yr old could help you with YOUR grammer

Halfwit...spend time with your kid and you may grow up....:cool:

NiN

P.S...grammar...not grammer...fuckwit
 
I don't really have an opinion on the reality of the account, but I do have a few comments.

15k isn't alot of money to lose over a few days. Wouldn't the account have to be near 400k to hold 70 contracts overnight? (5625x70) That said, losing 15-30k on an account that size shouldn't really be that stressful. IMO

Isn't the OP going to be in the same position he was when he posted this topic? ES up 4.5 AH, and I assume we may test 1135 again tomorrow or friday.

I've been on both sides of the situation. (Walking away after breaking even, and letting the loss return to the sizable amount.) Seems like if you've done something stupid like this before, AND the money actually means something to you, you walk away at break even.
 
Quote from saxon22:

I did not cover more because I was asleep....Actually my plan was to get rid of 60 and keep 7 in play. Had the market sold off another point it would have been achieved. It did not and I still possess 26.

Alright, I guess that is an explanation. Being asleep. Still, when the market kept going upward I assume you were awake and you could have eased up on it instead of holding onto the whole chunk.
Now even counting the 10K profit the position is again in the red by -3K. And the 26 is pretty much as many as the original 32, so it looks like you learnt nothing...
 
1232.00 filled....next at 1227.00

Euro selling off tonight helping to pull down EU session/indexes. If Euro trades through 1.3180 this could get additional momentum tonight.
 
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