S/R Emini Journal

I am generally less than 1 to 1 as it relates to ES. Using SPAN Margin when I have short/naked calls on allows me to have more than 1 to1 on my outright positions and less than 1 to 1 on the SPAN.

 

Thank you Jimmy Jam for the kind comments.

 

So why not trade spy instead ?

 

1328.75 long
1329.75 pt
filled
Where from here?
Broke through 5 min flag.

 

Is it round the clock? Are the options liquid? Is it all electronic?

 

I burned at 1331 off a rule 2.

 

So you stay up 24 7 monitoring those positions ?
I

 

Long ER Average 730.95

Trend is long to me. Should stay long for the rest of the day. JMHO

 

Thanks for the information. Skilled traders can do it, so long as they stick to the money management parameters. If a trader doesn't know what those money management parameters are, they are walking on a cloud.

It's true. The only traders who get burned using this method are the ones who ignore the rules.

Best Regards,

JJ

 

No. but I can have stops in if I want. Also, I pay less than 7 dollars per round turn to trade 65000 contract. The ES options are very easy to get in and out of.