I'm trying to choose between implementing a strategy using the ES and using SPY options. I want the option contract with the tightest spread and a...
Has anyone done any research on how much the SPY has to move in order for the ES to move? Or is the causality the reverse of that and the ES has...
Thanks for the response. You mention the closing settlement, so does that mean these rules wouldn't apply if the second position was opened during...
If you are holding an open long ES trade of 1 contract and you then want to short 1 ES contract at a later point in time, and hold overnight...
Agree 100% that there is no point in trying to figure out the "why" of a short-term move. In fact, I think it's one of the most...
Would be interesting to know if he was using something like Kelly or optimal F for position-sizing, both of which can give you brutal drawdowns,...
My take is that it depends on your holding period. I trade intraday but don't end each day flat. The exposure to overnight moves when I trade SPY...
To get a delta near 1 on an SPY option, you'll probably pay about $5-7 (depending on where we are in the expiration cycle), so that ratio is not a...
So you can't trade a long and short position within the same futures account at the same time? I can see how the positions would cancel each other...
Others have said it, but I'd condense my advice down to 1. Keep as many statistics regarding your trades as possible, whether they be real or...
As I recall, the moderators suggested ddav start a journal b/c of the nature of what he was posting originally didn't fit the category he was...
If you're right 60% of the time, in this business that's not a failing grade, that's an "A".
Fortunately, there was never a chance I would even consider taking that advice! I've read enough of his posts to know that there's nothing in...
All three numbers (losses on losing trades, top 10% of winning trade gains and other 90% of winning trades) are about the same number, although,...
Another way to deal with getting stopped out prematurely is to have a solid re-entry strategy. That might not be viable for some, depending on the...
I read in one book (whoops, I guess that makes me a book reading maestro) that a good rule of thumb is that your INITIAL stop should only get hit...
According to tonyorlando's logic ("pros don't use stops, they hedge") why wouldn't they be? And if they aren't, what, other than some type of stop...
Granted, but let's simplify the model to narrow it to a net short position taken on March 9, 2009, with no stop. If tonyorlando can tell me how...
Also, to take an extreme example, what would a "pro", not using any stops, do with a short position initiated on March 9, 2009? You can't tell me...
I'm sure you have data to back up your claim about pros! I advocate stops, although, of course, you have to use them correctly, and I don't...
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