Question about reversing a position

Discussion in 'Trading' started by SomeYoungGuy, Feb 21, 2010.

  1. Let's say that I go long 1 ES contract. Then I decide I want to be short. Do I just sell 2 contracts, or do I have to sell 1 to close and then sell 1 more to open the short position?
  2. Either one!

    Odds are you lost money on the long, so you'll probably lose more on the short.

    Stay on the simulated account for a year, then you have a shot.
  3. Just sell 2 to reverse from 1 long.

    With futures, there is no distinction between a sale that closes a long or one that opens a short.

    It is simple "first in, first out" (FIFO) accounting.
  4. well said :D

    to OP: lazy people have a very tough time in this business.
  5. I have no tolerance for lazy MFer's in this bidness, especially with GOOGLE and this site..... newbie schmoobie, I do not care, I got beaten up many times on the NYSE floor and upstairs for dumb stuff and being lazy.