Yes but who would've bought that ugly close unless a gambler?
Could've easily had that C down 30 handles this morning, true? With
a stop useless with these 20-30-50 point gap openings. But
congratulations - I'm just spewing sour grapes because... :)
did you really think it was going to crash? I just think
200 MA on SPX hasn't been testing, too close not to at this
point
my method is to take a shot on trades abc pullbacks. For
the market because of gaps, it can be a gamble - so look for a
trigger on ES futures so I can have a stop
MES is nice if you want to use less leverage and have ability to
scale out since 10 MES contracts = 1 ES. These days the market is
so high on ES so MES is nice. for example 5 MES contracts is a way
to trade 1/2 ES contract basically
Yes but who would've bought
Posted by profmel on 20th of May 2020 at 09:41 am
Yes but who would've bought that ugly close unless a gambler? Could've easily had that C down 30 handles this morning, true? With a stop useless with these 20-30-50 point gap openings. But congratulations - I'm just spewing sour grapes because... :)
did you really think it
Posted by matt on 20th of May 2020 at 09:43 am
did you really think it was going to crash? I just think 200 MA on SPX hasn't been testing, too close not to at this point
my method is to take a shot on trades abc pullbacks. For the market because of gaps, it can be a gamble - so look for a trigger on ES futures so I can have a stop
Just janking with you. Don't
Posted by profmel on 20th of May 2020 at 09:45 am
Just janking with you. Don't trade ES so having stops haven't worked for me on cash SPY/IVV trades.
MES is nice if you
Posted by matt on 20th of May 2020 at 09:49 am
MES is nice if you want to use less leverage and have ability to scale out since 10 MES contracts = 1 ES. These days the market is so high on ES so MES is nice. for example 5 MES contracts is a way to trade 1/2 ES contract basically
Interesting. I had not known
Posted by tahoe on 20th of May 2020 at 10:09 am
Interesting. I had not known of this, thanks for posting! happy trading!