So the market is closed this (Good) Friday. Three looong days, and Easter weekend... perfect time for some positive news to drop... or some surprise... I debating whether or not to make a play this weekend. Normally I wouldn't waste any cycles noodling on this, but with T talking about how nice it would be to be with family this weekend, there's a lot of unknowns. Anyone holding over the weekend?
Friday 5PM ET to Sunday 6PM ET is long enough for a news bomb drop. But Thursday 5PM ET to Sunday 6PM ET? Fugheddabouddit.
Given govt bungling of cv and bs undertesting numbers and all the downside news... https://www.bbc.com/news/world-us-canada-52205118 I'm staying short bias by holding my inverses into long weekend
typically in times of uncertainty the market overprice the risk premium, so you want to sell that premium!
Ken speaking of 3x inverses. You got to be getting reversals at times on etf's like soxs . That was $19 on Friday and hit $11 and change today. You have stops on these? Sox 20% off highs and soxs hit 40% lower than its low's in Feb when the sox was 20% higher.These are death to hold more than 1-3 days max .
I am!!! Maybe not holding the oil futures. But definitely the MESM20. Thanks for the reminder of Good Friday.
The MES can mess you up as hard as the CL. Be cautious. Remember, with 11 contracts on MES, you are effectively in 1 with the ES.
The maintenance margin is much smaller than what I had with my 7 CL's. I can afford for it to go down before it goes back up.
You said earlier that margin was not an issue for you. I am telling you, it still is, and always will be.