Long and Short in different target time frames is the only way that it makes sense. For instance: Being long in this market, trading for 20+ points, over hours, while taking short term tops to short, and potentially the double top reversal short over minutes, seconds. But you should really have a clear plan, preferable automated signals, at least, for the LONG, the SHORT, and the COMBINATION, of the two. Even if the combination plan is to be orthogonal or independent. And of course two accounts.
%% LOL.Sorry i have not also had time to research all the ''nuthing down'' RE offers. Sure can swing/position + daytrade in one account; IBKR recommends 2 accounts. Maybe a bit better, for the same reason 2 bank accounts can be better than one. Partial disclosure= i did a ''nothing down'' RE deal, one of the few real estate deals i cut a loss on
Thank you God for ES futures and $500 per ES margin contract. This is such a blessing to me and my family and my future grandkids. I have no other way to be a millionaire in a year besides ES futures and low margins. Thank you God for ES future markets. Thank You.
FIFO rule. Assume your 1st buy at 100.00, stop loss at 98.00, take profit at 120.00. The 2nd buy at 104.00, stop loss at 103.00, take profit at 106.00. If the stop loss of the 2nd buy is hit, the buy position that will be closed is the 1st buy position, not the 2nd buy position. Multiple trading accounts in the same broker are needed for this situation. Another situation is when you execute different short and long position in the same contract due to different trading system/frames, not for hedging. You do not want to close short position in the same contract when lower frame show buy signal.
With one or two accounts, wouldn't the results be the same? Price: 99 Position: none Order1: buy at 100; if filled, sell at 98 stop 120 limit, one cancels the other Order2: buy at 104; if filled, sell at 103 stop 106 limit, one cancels the other Price: 100 Order1 buy filled at 100 + slippage Position: long 1 Order1c: sell at 98 stop 120 limit, one cancels the other Order2: buy at 104; if filled, sell at 103 stop 106 limit, one cancels the other Price: 104 Order2 buy filled at 104 + slippage Position: long 2 Order1c: sell at 98 stop 120 limit, one cancels the other Order2c: sell at 103 stop 106 limit, one cancels the other Price: 103 Order2c sell filled at 103 - slippage Position: long 1 Order1c: sell at 98 stop 120 limit, one cancels the other
From the perspective of profit/loss, it's the same for running both trades in the same account. From the perspective of trade management and journaling/tracking your trades, it can be confusing and waste of time if you're a manual trader.