I cannot believe what I am reading here. Volpri. didn't we speak of this? Stop doing what you are doing, or you will just blow up another account! How much money is in this account that you can swing 7 contracts of the ES? And why is this in the options section, anyways? If it is straight ES, it should be in the futures section! My lord, futures traders do not respect the swings these days (Well, since 2018.) Doing what you are doing can end very badly for you. Please stop doing it?
*shrugs* I hope it works out for him. I just hope he doesn't have to take a vertical leap off a diagonal hedge hanging onto a rabid butterfly that then gets eaten by an iron condor. I hear they have very sharp talons, and beaks.
Once entry pattern is spotted. Place the order and hope for the best. Don't forget the stop. Where to put the stop is an art acquired over times. Don't forget to take profit when the market is generous enough. Getting out seems easy but it's not. A bird in the hand is worth two in the bush.
Unlike you maybe, I have never blown ANY of my futures accounts. I am sure you would love to see that happen. SO you could say I told you so....bty it would be nice to see some of your trades. Actually trading can end badly for ANYONE. Especially if one doesn’t know what they are doing. Sorry bout being in wrong forum didn’t those see those tiny words on options. ROFLMAO.
How is this a kind of hedge? Because if the long trade idea fails, the opposite of it must work? I don't get it.
No, I would NOT love to see that happen. I wish ill will upon nobody here who is trying to make a living trading. To the point of seeing my trades, they are in the journal. https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/