is it legal to have same contract short and long

[erToo]

I could only see doing this if you think someone is trying to reverse engineer your trading system based on your historical trades. You would do this with at least two different brokerages.

I suppose you could launder money this way as well, though there is no guarantee that the funds would flow in the direction you want.

Quote from rcanfiel:

Because some traders think they are more clever by not just closing the stupid position. This is not hedging, it is making things complicated.

 

[Spectre2007]

I'm long a bunch of dec sp's.

I'm short a equal amount of sep sp's.

I favor the long term trend which is basically up. But a short term intermediate term trend is good enough to bank profit on a downward move.

The volatility in this zone is normal when a market is trying to clear a previous high.

So when large money pools liquidate and run major stops to the downside, I start covering once the downward move is exhausted.

 

[Spectra]

Quote from thomfergu:

for me psychologically this way is better i don't give the damn thing market is up or down it will gap down or up im always in the game and just looking for big reversals either intra day or for a few days.

Yes basically what your doing is the same as being flat but your paying comissions.