SPX Credit Spread Trader

Like my Uncle Ben told me.... With great power (leverage) comes great responsibility (risks)...

But futures provide another way of trading, best for daytrading.
 
You beat me to it ... I have been remotely using TOS on my home computer by using GoToMyPC.com for the past couple of months. Works excellent from my office even though i am behind a firewall and couldn't use the TOS software platform.

You guys should definitely check it out and it may just solve all your problems. Once you get the hang of the TOS (JA) platform, OX will look like Janet Reno.

Quote from CashCache:

Another option would be to run TOS on your home computer and then connect to it using Remote Desktop or something like GoToMyPC. This will get you around any port blocking that the Man be be sticking you with.

Just an idea...
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I see alot of momentum going into this move today so perhaps it's time we break out to the upside. Monday and Tuesday will be crucial, if we dont reverse than we are going to form a new trading range soon.

spxcopy2ys.jpg
 
I've been actively trading a little over a year. Took a beating through Dec, but I'm since then.

I do fine on credit spreads on indexes, but bomb on equities. Still learning.

Crucis
 
I see retracement (turning point) at 1332-1334 range.

Rally I wouldn't close the 1335 yet. I am at 1340 and I am not ready to give up either. It may not reach 1332-1334 (depend on bernanke) But I am expecting retracement by middle of next week

At 1333, I will start entering some June call credit spreads and opening some put debit spreads as well. There should be some correction coming after the Bernanke report next week.



Quote from rallymode:

I see alot of momentum going into this move today so perhaps it's time we break out to the upside. Monday and Tuesday will be crucial, if we dont reverse than we are going to form a new trading range soon.

spxcopy2ys.jpg
More...
 
Quote from piccon:

I see retracement (turning point) at 1332-1334 range.
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I dont see it going even that high but who knows. Now that im short the futures, it will be nice if we stayed in the channel but we shall see what next week brings. I will most likely close all positons before the FOMC announcement though at a profit or loss.
 
They are one and the same thing. A 25 point vertical on the SPX has five 5 point verticals embedded in it.

Quote from rdemyan:

Is there a way for me to do this. What I'm thinking that I want is the existing 1375/1390 bear call and a 1390/1400 bear call. The problem is that the 1390's would cancel out leaving me with the 25 point spread.
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