Someone with 1mill real money account would not be talking like you or he wouldnt have that 1 mill very long. Is this position a real one? (sorry just asking)
I didnt think so because even with a 1mill account 89 minis is WAY too much exposure for anything more than scalping certainly too too for one who averages down (my oponion only)
It is real. Right now I am down about 1 pt. on 89 contracts. I have lost the capacity to add and average, so that is just an approximation. That amounts to about 90 ES points, which is, I am estimating, about $4500. But, I take comfort in the fact that during RTH I made about 10K, so I am still up on the day. I realize the day will change soon, so I may be down on tomorrow. I haven't given up yet. There may be a light at the end of this tunnel. If I get run over, so be it; that's what taking a risk is all about.
The whole thing does strike me as a bit of a wind up. ES typically moves up and down in a narrow directionless range during the overnight session. No serious trader would behave in the way this guy is doing. It is amusing though.
Oh, man! The bid/ask is running about 1496.25/1496.50. Down another point on so many! Buy some more? Cave?