Yes thats when the most liquidity should be available. It happened so fast but im pretty sure that was a 3 point spread, your right though 2 point spreads have become pretty common. Right before the big CBOT IPO volumes were well over 100k. Guess that was all show.
Well im still hanging in here with a 1 lot short @10570 stop @10581, that stop might be easy pickings tonight, spreads could be 10 points easy.
NOT USING STOPS....NOT GETTING FINANCED.....GET HOUSE FINANCED GET INSURANCE...MUST..GET CAR FINANCED GET INSURANCE..MUST....SEE? NO INSURANCE NO FINANCE........IF YOU DON'T PROVIDE COLLATERAL YOU DON'T GET BIG LOAN....END OF STORY.....IF YOU WILL PUT UP YOUR HOUSE AND VEHICLES AS COLLATERAL MAYBE IT WILL WORK....UNLESS YOU ARE ON DEATH'S BED, AND I HOPE UR NOT, THEN BE PATIENT AND SUPER RESULTS TRADING FOR A YEAR, AND U WILL NOT NEED OTHER'S MONEY.....UNLESS U R PAPER TRADING.......
What size are you doing now on these trades ? You mention wanting 20% of the profits. 607 points x$5 x 100 contracts x 20% = 60k You could make that same 60k trading only 20 contracts for yourself but you would need to have roughy 50-60k of trading capital for margin. Why do you want to do so much size ? That is 5 to 10 million worth of DOW at a time. 100-200 contracts is 500 to 1000 a tick. Can you handle that emotionally ? We are not talking about a 500 to 1000 drawdown but between 25 and 50 k on a position. Have you looked into prop futures trading ? Are you willing to relocate to do this ?
why not trade index options instead of giving your system away? Anyways, YM looks like a good short from here 10575 with 10 point stop. Me thinks good for 100 points min. imo we're going back to 10470.