Multiple accounts & hedging disasters - help!

[xtrhvydty]

What's the ideal account setup with adequate hedge protection?? For example:

1. (1) IB margin account for long-term /swing trading equities
2. (1) IB margin acct for day trading equities, long/short selling of the same equity.
3. (1) IB futures acct for trading ES or YM.
4. (1) account with a 2nd broker for emergencies

Hedges for crashes or locks:
1. (1) ea permanent Call/Put option on ES
2. Hedge ES with the YM via IB (online) or 2nd broker (phone).

Questions:
1. What's wrong the above setup? Will this protect me during a 911-style crash?
2. Who do you reccommend for the 2nd broker?
3. How many contracts is a call/put option on the ES or YM? 1 or 100? (I don't do options).
4. If I stick to short-selling only in this choppy market, do I even need any hedge protection?

many thanks

 

[murray t turtle]

Quote from xtrhvydty:

What's the ideal account setup with adequate hedge protection?? For example:

1. (1) IB margin account for long-term /swing trading equities
2. (1) IB margin acct for day trading equities, long/short selling of the same equity.
3. (1) IB futures acct for trading ES or YM.
4. (1) account with a 2nd broker for emergencies

Hedges for crashes or locks:
1. (1) ea permanent Call/Put option on ES
2. Hedge ES with the YM via IB (online) or 2nd broker (phone).

Questions:
1. What's wrong the above setup? Will this protect me during a 911-style crash?
2. Who do you reccommend for the 2nd broker?
3. How many contracts is a call/put option on the ES or YM? 1 or 100? (I don't do options).
4. If I stick to short-selling only in this choppy market, do I even need any hedge protection?

many thanks

=======
XTR-trader.
1 ] Some of the ways i like to handle risk;
Semi sector is in long trerm downtrends, and so 30 year fixed mortgages/ARMs also.

2] And since most of trends are down for semisector;
mostly up for homebuilders,trade/invest that way.



3]Good thing our enemies dont understand tek analysis; or they wouldnt have struck on 911/helped downtrends.

4]Cutting losses & profits mount as planned & you implied;
has been good business and trading a bit smaller since homebuilders have been in better uptrends.

Divide your merchandise amoung 7 ,8 maybe.
-Solomon,trader king