NexusFi: Find Your Edge


Home Menu

 





Long and Short Positions at the Same Time?


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one tderrick with 7 posts (1 thanks)
    2. looks_two tlopez51 with 7 posts (5 thanks)
    3. looks_3 kamicrazy with 4 posts (2 thanks)
    4. looks_4 SMCJB with 4 posts (6 thanks)
      Best Posters
    1. looks_one Jigsaw Trading with 3 thanks per post
    2. looks_two SMCJB with 1.5 thanks per post
    3. looks_3 ptcm with 1.5 thanks per post
    4. looks_4 tlopez51 with 0.7 thanks per post
    1. trending_up 35,844 views
    2. thumb_up 22 thanks given
    3. group 23 followers
    1. forum 43 posts
    2. attach_file 1 attachments




 
Search this Thread

Long and Short Positions at the Same Time?

  #41 (permalink)
MichaelFlowTrader
Atlanta
 
Posts: 152 since Jan 2017
Thanks Given: 43
Thanks Received: 120

I hate adding to an old thread but I've read about this a bit. Below is my idea of how I would do it in separate accounts, during low volatility times, when the market is moving in a predictable range. My goal would be to accumulate and distribute while having (Inventory) on both sides of the market.

I would accumulate my Sell (Inventory) when price hits the R at the top of the range. I will distribute along the way while still carrying a net short position in the market.

The same will be true for the Buy (Inventory) accumulating towards the bottom of the range, distributing at the mid-line and towards the top.

As long as price stays in balance, within this range, I will continue to keep my Buy/Sell inventory. If a breakout happens and has strength, I will 'puke out' on the weak side and keep my inventory on the strong side.

Perhaps a bad idea but I saw this being discussed on another forum with links here.



Reply With Quote

Can you help answer these questions
from other members on NexusFi?
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Build trailing stop for micro index(s)
Psychology and Money Management
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #42 (permalink)
 binaryscalper 
Las Vegas, NV., USA
 
Experience: Master
Platform: TradingView, Ninjatrader
Broker: AMP and Ninjatrader brokerage
Trading: All Eminis: Russell 2000, S&P's, Nasdaq and Dow
Posts: 15 since Sep 2018
Thanks Given: 17
Thanks Received: 12


tderrick View Post
I can't believe I haven't run across this idea until now. It works in Market Replay, but I'm not sure
if the exchanges would allow it....

Is it possible to have an overall long or short position going, but then scalp along the way either long
OR short?

I love to trade ping pong edges in tight consolidation. However, the macro trend may still be valid.

So I guess the question is - Can you have a long contract going then short a scalp along the way,
of course with a separate contract?

How long have I been trading ?

NQ in particular ..

AMP / CQG

grazie

You can trade "spreads" they just can't be on the same contract using the same commodity, index or financial. But its common to trade calender spreads such as long ESZ18 and short ESH19 or Long ESZ18 and short YMZ18

Reply With Quote
  #43 (permalink)
 
vk79's Avatar
 vk79 
Michigan
 
Experience: Intermediate
Platform: Ninjatrader
Trading: NQ
Posts: 158 since Jun 2009
Thanks Given: 265
Thanks Received: 85


Now that we have Micro contracts, would it be considered as Wash Trade if I try hedging with one mini and 10 micro contracts? In other words can long 1 mini and short 10 micro contracts? I looked everywhere but couldn't find an answer.

Reply With Quote
  #44 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,041 since Dec 2013
Thanks Given: 4,375
Thanks Received: 10,192

A wash trade is intentionally buying and selling at the same time.

Being Long ES and short MES is not a wash trade and is very allowable. Also from a margin standpoint if you are for example Long 1 ES and Short 5 MES you will get margined as if your position was Long 5 MES since they offset.

In addition many of the physical delivery micro's are fungible/convertible into the full size contracts. So if you are long 10 M6E and short 1 6E, you can ask you broker to offset the positions. This is definitely true for all 5 micro currencies (M6A, M6B, MCD, M6E, MJY), Gold (MGC) at a 10:1 ratio and Silver (SIL) at a 5:1 ratio. Could be others that I'm not yet aware of.

You can't do this with financially settled contracts but since their margins offset, you don't need to worry about it.

Reply With Quote




Last Updated on September 5, 2020


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts