Is it realistic to average $1.33 a day trading YM on $300 ?

I'll give you $300 intraday margin and make your trades commission free.

The catch is when it comes time to cash out, I won't give it to you :D
 
Quote from nitro:

Just wondering.

Note well, the $1.33 a day profit has to be after commisions.

nitro
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nitro, I would say go for it. Although when you first start out in futures be advised that if your account falls below that $300 you will possibly get a margin call.

Just dont let anyone here say it cant be done and you will be fine !!
 
Dow bottomed 10/31/02 @ 7591

7591 x 2 = 15,182

buy and hold = less commission

The way we are going we should hit this number by July.:p
 
Quote from kinggyppo:

Dow bottomed 10/31/02 @ 7591

7591 x 2 = 15,182

buy and hold = less commission

The way we are going we should hit this number by July.:p
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YM goes to approximately 13600, then 13800, based on M7 contract. That is based on my more accurate opinion of ES, where I think 1528 and 1550 are imminent (based on M7 contract).

1527 SPX is a massive resistance number, since it is the all time high. Based on M7 contract, that is about 1532.

At 13800, the entire market becomes volatile, with the frequency of 100 YM point days back and forth greater than the statistical distributions for the last four years would suggest.

It may then breakout and go to 14200 to 14400, but imo the odds of 15K YM (based on M7 contract) this year are 1 in a 1000 against.

nitro
 
You know, with all the gamblers on ET, I don't know why they don't do the following:

Sell the Jun 1625 ES call for .12 or so. Do it on 100 contracts and at expiration in 31 some odd days, it is ~$1000 in your pocket if ES is < 1625, a near certainty.

nitro
 
Quote from nitro:

You know, with all the gamblers on ET, I don't know why they don't do the following:

Sell the Jun 1625 ES call for .12 or so. Do it on 100 contracts and at expiration in 31 some odd days, it is ~$1000 in your pocket if ES is < 1625, a near certainty.

nitro
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es future options @ .12 times 100 contracts is 600 based on ib's 50 multiplier.
 
$600 - comms = $400 :) and an unlimited loss potential.

actualy there are many CTA's doing just this for a living. :eek:
 
Quote from domestic:

es future options @ .12 times 100 contracts is 600 based on ib's 50 multiplier.
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Right, I am so ingrained on SPX options instead of ES options, that I become careless with the math on the parameters.

Then do 200 contracts.

nitro
 
Quote from nitro:

Right, I am so ingrained on SPX options instead of ES options, that I become careless with the math on the parameters.

Then do 200 contracts.

nitro
More...

i knew that you knew that.... that's why i made a quick point:)
 
Quote from nitro:

You know, with all the gamblers on ET, I don't know why they don't do the following:

Sell the Jun 1625 ES call for .12 or so. Do it on 100 contracts and at expiration in 31 some odd days, it is ~$1000 in your pocket if ES is < 1625, a near certainty.

nitro
More...

Not sure if that $600 is worth the risk of blowing out your entire account that you worked so hard for even if the chance of it happening is minute.
 
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