Appreciate the explanations. Thanks to you both.
I've been looking into brokered CDs through Merrill as a place to park some cash, but I'm a little confused about what protection these CDs have....
Won't post the name here because it's a competitor, but that post/thread should be easy to find with the right key phrase search.
Some years back, I ran across a post on another forum: An ES trader, trading, as I recall, 60 contracts, was getting stopped out much more than...
If you feel like you're overfitting (or even if you don't think that), might be a good idea to forward-test in SIM until your algo proves itself,...
I continue to dig into this, again, out of pure curiosity/fascination, and from what you've provided, it looks like you traded about 35 points or...
Thanks. I appreciate it. That helps flesh things out a bit.
Out of curiosity, what was the SPX price when you entered those two trades?
Oh, yeah. I was looking at the futures price. lol
So your call spread bit the dust and you lost $700 and change? Am I reading that right?
Was just thinking out loud. As I mentioned earlier, averaging down is not my thing, and I know it's not yours either.
I hear you, without unlimited funds, it wouldn't be smart, at least with ES. But with MES and only one or two contracts, you could probably afford...
Not for the faint of heart. Not for me. I'm going by memory that could be faulty, but a few years back, @volpri averaged down a long position in...
Then you should have sold call spreads. And on days like today, if you were long ES, you also got run over.
IMO, even with consistency, you're still gambling -- you're gambling on your consistency holding up. And your original comment wasn't about being...
I think it depends on how good you are at market direction. However, from my limited-options perspective, yesterday and today would have been...
Either that, or sell high/buy low. But as with most trading, that's easier said than done! :)
Would be nice to see the entry times on those trades, as well.
@TheDawn @taowave Thanks to both of you for your input and your time. :)
Yes, still have a lot to learn before I decide whether to try options again. As far as my past options trades, I'm lucky to be alive! lol
Separate names with a comma.