S/R Emini Journal

Buy1Sell2 · Sep 19, 2006

Quote from volente_00:

B1S2, correct me if I am wrong but you are trading ES with zero margin correct ?

I am generally less than 1 to 1 as it relates to ES. Using SPAN Margin when I have short/naked calls on allows me to have more than 1 to1 on my outright positions and less than 1 to 1 on the SPAN.

Buy1Sell2 · Sep 19, 2006

Thank you Jimmy Jam for the kind comments.

volente_00 · Sep 19, 2006

So why not trade spy instead ?

brightstone · Sep 19, 2006

1328.75 long
1329.75 pt
filled
Where from here?
Broke through 5 min flag.

Buy1Sell2 · Sep 19, 2006

Quote from volente_00:

So why not trade spy instead ?

Is it round the clock? Are the options liquid? Is it all electronic?

volente_00 · Sep 19, 2006

Quote from brightstone:

1328.75 long
1329.75 pt
filled
Where from here?
Broke through 5 min flag.

I burned at 1331 off a rule 2.

volente_00 · Sep 19, 2006

Quote from Buy1Sell2:

Is it round the clock? Are the options liquid? Is it all electronic?

So you stay up 24 7 monitoring those positions ?
I

BoyBrutus · Sep 19, 2006

Quote from brightstone:

1328.75 long
1329.75 pt
filled
Where from here?
Broke through 5 min flag.

Long ER Average 730.95

Trend is long to me. Should stay long for the rest of the day. JMHO

JimmyJam · Sep 19, 2006

Quote from Buy1Sell2:

Thank you Jimmy Jam for the kind comments.

Thanks for the information. Skilled traders can do it, so long as they stick to the money management parameters. If a trader doesn't know what those money management parameters are, they are walking on a cloud.

It's true. The only traders who get burned using this method are the ones who ignore the rules.

Best Regards,

JJ

Buy1Sell2 · Sep 19, 2006

Quote from volente_00:

So you stay up 24 7 monitoring those positions ?
I

No. but I can have stops in if I want. Also, I pay less than 7 dollars per round turn to trade 65000 contract. The ES options are very easy to get in and out of.