Stock Market Prediction

[PaceAdvantage]

Originally Posted by geroge.burns99

O...so the 4482 is when your out and you cant lose anymore....

You're trolling me, right?

I thought you knew about stocks.

Ever heard of a STOP? A STOP LOSS?

If you're a total newbie, then I apologize, and never mind...

[PaceAdvantage]

It's up to 4513 at the moment...thus I am up about 10 points or $500 per contract

[PaceAdvantage]

I could be doing EXACTLY what I am doing now, with the SPY ETF instead.

However, I choose the E-mini S&P futures contract as my medium of choice due to the favorable margin and tax requirements.

[geroge.burns99]

Originally Posted by PaceAdvantage

Yeah, if I buy at 4503.25 and I sell at 4482.75, I have lost 20.5 points

4503.25 - 4482.75 = 20.5 points.

I went LONG. I bought. Thus I want the price of the contract to GO UP.

If it goes DOWN by 20.5 points after I buy it, and I sell, I lost 20.5 points.

4503.25 - 4482.75 = a 20.5 point loss

What's not to get?

If I buy a stock at 100 and I sell it at 80, I lost 20 as well...same thing.

Can you buy short?

[lamboguy]

Originally Posted by PaceAdvantage

I could be doing EXACTLY what I am doing now, with the SPY ETF instead.

However, I choose the E-mini S&P futures contract as my medium of choice due to the favorable margin and tax requirements.

i am pretty sure you are better off with the E-mini over the ETF,,,i don't like ETF's

[PaceAdvantage]

up to 4516 now...

[PaceAdvantage]

I'll be closing this trade in a few minutes...not keeping it past the 5pm close (E-minis shut down for 1 hr every day from 5pm-6pm)

[PaceAdvantage]

Originally Posted by PaceAdvantage

I changed my mind

LONG ES @ 4503.25

STOP @ 4482.75

EXIT ES @ 4516

[geroge.burns99]

Originally Posted by PaceAdvantage

EXIT ES @ 4516

[PaceAdvantage]

Bought @ 4503.25
Sold @ 4516
Profit = 12.75 pts or $637.50 per contract traded

Trading record Year to Date:

Trades: 8
Wins: 6

Total profit = 148.50 pts

or $7,425.00 PER CONTRACT

YouTube

[PaceAdvantage]

Originally Posted by PaceAdvantage

I changed my mind

LONG ES @ 4503.25

STOP @ 4482.75

If you traded SPY instead, you would have bought around the 449.40 - 449.50 mark and sold around 450.67

Would have made approx $1 in profit or thereabouts...you would have had to trade around 600 shares to make around $600 profit (what I made in the trade using E-mini)

600 shares @ $449.40 per share in SPY is gonna require $269,000 dollars....at the standard 4-1 margin, you would need about $67,250 in your account to make that trade....

I only need $12,500 in my account to get the same exact leverage. And if I don't intend to hold after 5pm, I would only need $500 in my account to get that same leverage.

As you can see, if you want to day trade the S&P, it's a great way to go...

[lamboguy]

Originally Posted by PaceAdvantage

If you traded SPY instead, you would have bought around the 449.40 - 449.50 mark and sold around 450.67

Would have made approx $1 in profit or thereabouts...you would have had to trade around 600 shares to make around $600 profit (what I made in the trade using E-mini)

600 shares @ $449.40 per share in SPY is gonna require $269,000 dollars....at the standard 4-1 margin, you would need about $67,250 in your account to make that trade....

I only need $12,500 in my account to get the same exact leverage. And if I don't intend to hold after 5pm, I would only need $500 in my account to get that same leverage.

As you can see, if you want to day trade the S&P, it's a great way to go...

there is less juice (the vigorish) and less front running or even none in the E-mine.

but you have to be a top trader to stay in the game, but that is what you are.

[geroge.burns99]

Can this be done in say TD Ameritrade Account?

[PaceAdvantage]

I don't use TD anymore, but I believe they had e-mini futures when I still had an account there...which was at least 4-5 years ago

But if you're serious in your lack of trading knowledge, as you appear to be, I would definitely NOT be looking to trade futures...especially now in this kind of market...cause you might as well light your money on fire...at least it will keep you warm for a few seconds

You might want to trade the E-mini MICROS (which are 1/10 the size of a regular e-mini contract...thus each point is worth only $5 and not $50 per contract)

https://www.cmegroup.com/trading/equ...res.html#specs

Actually, anything you try and "trade" that you have little experience in WILL CRUSH YOU...you need to PAPER TRADE and back-test and forward-test and optimize (but not too much) your strategies.

Unless you're one of those rare gifted traders who can just look at a chart and you know what to do immediately (or not do)...

[PaceAdvantage]

Originally Posted by lamboguy

but you have to be a top trader to stay in the game, but that is what you are.

hardly...I'm just your run of the mill a-hole who's strung together a couple of wins