Trendguy, I like your appoach. Where can you get $1000 margin? Most brokers seem more than willing to give low ES and other stock indices margin but anything else seems difficult. BTW, I haven't asked for $1,000 margins from my broker so the question may be moot.
I asked this question earlier in a different thread... but any insight on copper options? It looked like it was barely traded. Are the spreads correspondingly disgustingly wide?
Still short, stop moved to 1 tick above most recent swing high. Looking to take profit around 3.3100 area. Initial risk: reward 1:3 current risk:reward 1:6 http://screencast.com/t/M2QyZmY2Mj
Covered short at: BOT 2 HG MAR10 Futures HGH0 3.3095 USD NYMEX 04:41:38 expect it will hit 3.2800 area but exited on declining momentum despite solid trending move and not wanting to go thru espected retracement. Also didn't want to stay up any longer. LOL
and 3.2300 amazing run! woulda coulda shoulda, shakes head vigorously second highest day of month on a daily range basis, but could be the highest by the end of the day.
Entered long: BOT 1 HG MAR10 Futures HGH0 3.2035 USD NYMEX 19:55:16 BOT 1 HG MAR10 Futures HGH0 3.2035 USD NYMEX 19:55:16