Trading Futures with two accounts?

RAY · Apr 25, 2008

Quote from c.chugani:

What if one doesn't know where the market is going?

Think it through.

Think about the actions you are taking to do what you are saying.

c.chugani · Apr 25, 2008

Quote from RAY:

Think it through.

Think about the actions you are taking to do what you are saying.

I believe one can never be sure how "correct" or "precise" a signal or indicator can be.

Markets are too dynamic and contain many unknown unkowns.

What is it exactly i need to think? And what has that got to do with my actions? Kindly explain.

Regards,

Chirag

Surdo · Apr 25, 2008

Chirag:

Just ignore the trolls on this site!

Check out the Joe Ross piece, it may give you an idea or two.
I am not sure how liquid your forward months are on The Spain index, so you may need to find something liquid to trade further out months as a hedge.

surdo

paj · Apr 25, 2008

Quote from c.chugani:

I believe one can never be sure how "correct" or "precise" a signal or indicator can be.

Markets are too dynamic and contain many unknown unkowns.

What is it exactly i need to think? And what has that got to do with my actions? Kindly explain.

Regards,

Chirag

You said yourself, that all you need to be profitable, is too pick the right exit point.

If you can't be sure of the entry point for the winning trade, how will you pick the exit point on the losing trade?

c.chugani · Apr 25, 2008

Quote from paj:

You said yourself, that all you need to be profitable, is too pick the right exit point.

If you can't be sure of the entry point for the winning trade, how will you pick the exit point on the losing trade?

My stop losses dictate the exit point. I let the market do whatever it has to.

If upon exiting the loser my winner starts reversing, well the trail stop ensures I get out at my winner's entry point. The net loss equals the stop price on the losing account [which would be the same had I taken an outright long or short position].

original · Apr 25, 2008

Quote from c.chugani:

My stop losses dictate the exit point. I let the market do whatever it has to.

If upon exiting the loser my winner starts reversing, well the trail stop ensures I get out at my winner's entry point. The net loss equals the stop price on the losing account [which would be the same had I taken an outright long or short position].

you dumb ass

think about what you are saying

IF YOU HAVE TROUBLE TELLING WHICH DIRECTION TO GO WITH

IF YOU HAVE TROUBLE WITH ONE ACCOUNT

WHAT MAKES YOU THINK THAT SECOND ACCOUNT WILL HELP YOU DETERMINE THE TREND

lets say you are short and long at the same time

THE FUKIN MOMENT YOU DECIDE TO CLOSE ONE POSITION

IT IS SAME AS Entering position with one account at that price level

JESUS H CHRIST

this is basics man........get a grip man

MandelbrotSet · Apr 25, 2008

You should contact think or swim ... they do a lot of work with pairs trading and can help you with your learning curve.

You have a lot of work ahead of you.

Good luck.

original · Apr 25, 2008

I use several accounts for security purposes though

shortie · Apr 25, 2008

original makes sense

NoProblem · Apr 25, 2008

You do not need two accounts to hedge the same trading vehicle.

That is nuts.

Learn to trade.

Learn.

Here is a guy who teaches what to watch for, great teacher with very reliable trading signals.

http://youtube.com/user/SnP500Trader

I subscribe and recommend everyone do the same.

Don't expect to learn it overnight, but if you learn what this guy is teaching, you will not even think of needing two accounts to trade the same thing in different directions.