sorry watcdy. you had accidentally posted 3 times, I deleted a
couple of them, and either you or Steve might have deleted a post
at the same time, thus all the posts got deleted, as I removed 2 of
them but someone else not knowing that I was deleting 2 of them
deleted the 3rd one. I can ask James to restore that post
later on when he's around, I don't have that ability
Thx. Just wanted to share what I discovered on futures pricing
carried overnight -
OK second try here’s what I learned I purchased Futures
contracts at 4:59 PM last night when I came to my computer this
morning my entry price has been reset to the market at the
high Tick of the previous day my heart sank as I was now down to
15+ points-I contacted the trade desk and they reassured me that
everything would be readjusted after tonight‘s close at 6:01 PM the
desk said that all trades are priced at the high tick of the day
for a long and the low-tickof the day if you’re short this is an
accounting process set by the CME I was not aware of this so other
than some palpitations everything should be corrected tonight it
was just an accounting process they use -and I didn’t need
Xanax
So be aware your losses on long is notas much as you think
profit on the short and not be as much as you think just an
alert
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multiple posts
Posted by matt on 1st of Mar 2023 at 11:13 am
sorry watcdy. you had accidentally posted 3 times, I deleted a couple of them, and either you or Steve might have deleted a post at the same time, thus all the posts got deleted, as I removed 2 of them but someone else not knowing that I was deleting 2 of them deleted the 3rd one. I can ask James to restore that post later on when he's around, I don't have that ability
Thx. Just wanted to share
Posted by watcdy on 1st of Mar 2023 at 11:19 am
Thx. Just wanted to share what I discovered on futures pricing carried overnight -
OK second try here’s what I learned I purchased Futures contracts at 4:59 PM last night when I came to my computer this morning my entry price has been reset to the market at the high Tick of the previous day my heart sank as I was now down to 15+ points-I contacted the trade desk and they reassured me that everything would be readjusted after tonight‘s close at 6:01 PM the desk said that all trades are priced at the high tick of the day for a long and the low-tickof the day if you’re short this is an accounting process set by the CME I was not aware of this so other than some palpitations everything should be corrected tonight it was just an accounting process they use -and I didn’t need Xanax
So be aware your losses on long is notas much as you think profit on the short and not be as much as you think just an alert