As far as futures under that scenario (no prior exit signal),
you would simply swap from September to December contract (sell
September and buy December). Note prices will differ but they
will move in unison.
Thanks Steve, is there a best time to do this? Will it affect
prices if everyone holding that contract sells and rebuys the
December futures contract? I assume the 20th of Sept is that
expiration date.
Best time is when more volume is seen on the December contract
than the September contract. You may want to avoid trading
futures without a full understanding of how they work.
Thanks, I've been trading the rev to mean systems for many years
and futures for a year or two. No issues, understand most of the
nuances. First time with a rollover contract and assumed with the
system taking a new trade (rsi 40) there would be some guidance
issued on the rollover.
Hi Steve, do you perhaps have a link to a website which would
give one basic education regarding futures trading? I'm not quite
ready to start on that, but I would like to learn before I begin.
Many thanks!
Posted by keyhole7 on 10th of Sep 2024 at 10:08 am
Some tidbit info on ES Futures.
ES Futures - $12.50 per $0.25 move so 1 full point = $50
MES Futures - $1.25 per $0.25 move so 1 full point = $5.00
Some trading platforms have day trading rules. Think or Swim
requires you to have $25k in your account to day trade. When you
trade Futures, the $25k does not apply. But you do have to have a
minimum of $20,721.00 in your account to trade 1 Future. (That
figure changes sometimes) Think or Swim charges $3.35 per side to
trade /ES Futures so to buy and sell 1 future, the commissions are
$6.70
ES Futures trade from 6pm EST Sunday to 5pm EST Friday. They
close everyday at 5pm EST and reopen 1 hour later at 6pm EST
Hello isplat - I do not have a such a link but you can do a
search for that topic and spend some time reviewing. Price
action of ES will mimic SPY/SPX but they trade overnight and
involve leverage.
As far as futures under
This may be a dumb question but what happens to ...
Posted by steve on 10th of Sep 2024 at 08:57 am
As far as futures under that scenario (no prior exit signal), you would simply swap from September to December contract (sell September and buy December). Note prices will differ but they will move in unison.
Thanks Steve, is there a
Posted by oreo on 10th of Sep 2024 at 09:07 am
Thanks Steve, is there a best time to do this? Will it affect prices if everyone holding that contract sells and rebuys the December futures contract? I assume the 20th of Sept is that expiration date.
Best time is when more
Posted by steve on 10th of Sep 2024 at 09:14 am
Best time is when more volume is seen on the December contract than the September contract. You may want to avoid trading futures without a full understanding of how they work.
Thanks, I've been trading the
Posted by oreo on 10th of Sep 2024 at 09:51 am
Thanks, I've been trading the rev to mean systems for many years and futures for a year or two. No issues, understand most of the nuances. First time with a rollover contract and assumed with the system taking a new trade (rsi 40) there would be some guidance issued on the rollover.
Hi Steve, do you perhaps
Posted by isplat on 10th of Sep 2024 at 09:23 am
Hi Steve, do you perhaps have a link to a website which would give one basic education regarding futures trading? I'm not quite ready to start on that, but I would like to learn before I begin. Many thanks!
Some tidbit info on ES
Posted by keyhole7 on 10th of Sep 2024 at 10:08 am
Some tidbit info on ES Futures.
ES Futures - $12.50 per $0.25 move so 1 full point = $50
MES Futures - $1.25 per $0.25 move so 1 full point = $5.00
Some trading platforms have day trading rules. Think or Swim requires you to have $25k in your account to day trade. When you trade Futures, the $25k does not apply. But you do have to have a minimum of $20,721.00 in your account to trade 1 Future. (That figure changes sometimes) Think or Swim charges $3.35 per side to trade /ES Futures so to buy and sell 1 future, the commissions are $6.70
ES Futures trade from 6pm EST Sunday to 5pm EST Friday. They close everyday at 5pm EST and reopen 1 hour later at 6pm EST
Thanks for sharing those parameters
Posted by steve on 10th of Sep 2024 at 10:57 am
Thanks for sharing those parameters on ES keyhole
not a problem
Posted by keyhole7 on 10th of Sep 2024 at 12:39 pm
not a problem
Hello isplat - I do
Posted by steve on 10th of Sep 2024 at 09:30 am
Hello isplat - I do not have a such a link but you can do a search for that topic and spend some time reviewing. Price action of ES will mimic SPY/SPX but they trade overnight and involve leverage.
Thanks Steve. I'll do some
Posted by isplat on 10th of Sep 2024 at 09:32 am
Thanks Steve. I'll do some searching of my own. Since I do trade options and CFDs, I am quite familiar with leverage.