What's the ideal account setup with adequate hedge protection?? For example: 1. (1) IB margin account for long-term /swing trading equities 2. (1) IB margin acct for day trading equities, long/short selling of the same equity. 3. (1) IB futures acct for trading ES or YM. 4. (1) account with a 2nd broker for emergencies Hedges for crashes or locks: 1. (1) ea permanent Call/Put option on ES 2. Hedge ES with the YM via IB (online) or 2nd broker (phone). Questions: 1. What's wrong the above setup? Will this protect me during a 911-style crash? 2. Who do you reccommend for the 2nd broker? 3. How many contracts is a call/put option on the ES or YM? 1 or 100? (I don't do options). 4. If I stick to short-selling only in this choppy market, do I even need any hedge protection? many thanks
======= XTR-trader. 1 ] Some of the ways i like to handle risk; Semi sector is in long trerm downtrends, and so 30 year fixed mortgages/ARMs also. 2] And since most of trends are down for semisector; mostly up for homebuilders,trade/invest that way. 3]Good thing our enemies dont understand tek analysis; or they wouldnt have struck on 911/helped downtrends. 4]Cutting losses & profits mount as planned & you implied; has been good business and trading a bit smaller since homebuilders have been in better uptrends. Divide your merchandise amoung 7 ,8 maybe. -Solomon,trader king