Question about reversing a position

S

SomeYoungGuy

Let's say that I go long 1 ES contract. Then I decide I want to be short. Do I just sell 2 contracts, or do I have to sell 1 to close and then sell 1 more to open the short position?
 
Either one!

Odds are you lost money on the long, so you'll probably lose more on the short.

Stay on the simulated account for a year, then you have a shot.
 
Just sell 2 to reverse from 1 long.

With futures, there is no distinction between a sale that closes a long or one that opens a short.

It is simple "first in, first out" (FIFO) accounting.
 
well said :D

Quote from el pollo:

Either one!

Odds are you lost money on the long, so you'll probably lose more on the short.

Stay on the simulated account for a year, then you have a shot.
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to OP: lazy people have a very tough time in this business.
 
Quote from trader#21:

well said :D



to OP: lazy people have a very tough time in this business.
More...

I have no tolerance for lazy MFer's in this bidness, especially with GOOGLE and this site..... newbie schmoobie, I do not care, I got beaten up many times on the NYSE floor and upstairs for dumb stuff and being lazy.
 
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