ES Journal - 2019/2020

Financial Select Sector SPDR® Fund (XLF)

 

Why do you think I took profits on my swing trade pre-market?

 

Interactive Brokers has reached new ridiculous heights for margin requirements intraday:
1 ES - $18,500
1 NQ - $24,800
Gotta be the highest in the industry. This pushes everyone to trade with ever-so-expense E-Micro contracts.
Pretty shrewd, no ?

 

Just wire in more money.

 

Of course, the rich brokers are cleaning up in this market.
I think the term "discount broker" today is an oxymoron.

 

You can always tell who the autistic ones are.

 

Interactive: high margins, mediocre rates, low reliability:

 

Closing below 3580....very interesting to say the least!
We never made it back to the infamous 12400 level on NQ...came darn close though...

 

Ouch. That was a nasty close and a nice blow off top