Contemplated holding one short over the weekend given price divergence to RSI on hourly and daily chart but opted out because of binary event this weekend...a coin flip. Back to business as usual next week.
50 and 200 day about to cross and SPX closed right on the 200 day. If I’m seeing it so are the masses. Another reason why I got out.
Define pooched When 9/11 reopened you would have lost about $5,800 per contract on ES. I wasn't trading futures back then but maybe someone will chime in on what ES did that morning. From my vague memory I think CME was still allowing trades for a while after it happened.
Pooched means in a world of hurt. I don’t have exact data for ES that goes that far back. Mkt fell roughly 7% that day after being closed for 4 days and about 11% for the week. Sure there are circuit breakers in place, PPT, etc... for me personally I cannot sleep at night knowing that this could happen at any time even with probs being low. However on the short side, I don’t recall market ever closing up 7% in one day or closing for 4 consecutive days. To each his own. If I hold long overnight I am always long a put.
long overnight with 2 time leverage and less than 20 percent of TLNW in trading acct doesn't sound real dangereaux.