Long and Short Positions at the Same Time? - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Long and Short Positions at the Same Time?
Updated: Views / Replies:9,964 / 39
Created: by tderrick Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Long and Short Positions at the Same Time?

  #1 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received

Long and Short Positions at the Same Time?

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


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,218 since Jun 2009
Thanks: 628 given, 6,316 received
Forum Reputation: Legendary


open a sub account then you can put on an opposite trade.

Reply With Quote
 
  #4 (permalink)
1.Fibs 2.??? 3.Profit
Puerto Rico
 
Futures Experience: Intermediate
Platform: thinkorswim
Broker/Data: TD Ameritrade
Favorite Futures: ES
 
rmejia's Avatar
 
Posts: 384 since Oct 2010
Thanks: 3,597 given, 421 received

Could try futures pairs trades, or with options can be done with the same underlying.

Reply With Quote
 
  #5 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,803 since Sep 2009
Thanks: 3,165 given, 1,372 received

Duplicate thread

Hi tderrick

I think this is a duplicate thread.

See below links

https://futures.io/brokers-data-feeds/28356-long-short-positions-same-different-brokerage-accounts.html

https://futures.io/commodities-futures-trading/26278-long-short-same-contract-2.html

As you can see one option I mention (and others) is that NT lets you SIMULATE being short and long at the same time (whether you are trading Live or SIM) without needing to bother your broker. So you could trying Simming this strategy first in NT Simulation mode.

Reply With Quote
 
  #6 (permalink)
Vendor self-promotion
Cyprus
 
Futures Experience: Intermediate
Platform: Multicharts
Favorite Futures: ES
 
Posts: 68 since Jul 2013
Thanks: 15 given, 18 received


tderrick View Post
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?e

Wash trades is considered in the US criminal activity.

"No person shall place or accept buy and sell orders in the same product and expiration month, and, for a put or call option, the same strike price, where the person knows or reasonably should know that the purpose of the orders is to avoid taking a bona fide market position exposed to market risk (transactions commonly known or referred to as wash trades or wash sales). Buy and sell orders for different accounts with common beneficial ownership that are entered with the intent to negate market risk or price competition shall also be deemed to violate the prohibition on wash trades. Additionally, no person shall knowingly execute or accommodate the execution of such orders by direct or indirect means."

http://www.cmegroup.com/tools-information/lookups/advisories/market-regulation/CMEGroup_RA1308-5.html

Exceptions are not clear.

Reply With Quote
 
  #7 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received


steve2222 View Post
Hi tderrick

I think this is a duplicate thread.

See below links

https://futures.io/brokers-data-feeds/28356-long-short-positions-same-different-brokerage-accounts.html

https://futures.io/commodities-futures-trading/26278-long-short-same-contract-2.html

As you can see one option I mention (and others) is that NT lets you SIMULATE being short and long at the same time (whether you are trading Live or SIM) without needing to bother your broker. So you could trying Simming this strategy first in NT Simulation mode.


grazie,

I looked at those threads and it appeared the concept there was to take long term positions opposite
each other with different brokers. I would assume to bail on the one that fails.


My question is - one broker, with two contracts having opposite positions at some point.

An example being - Long over all for a daily swing in markets throughout the day, but then
coming across a consolidation area that can be both bought and sold at the range edges until
the direction is resolved.

As I stated, this is allowed within Market Replay / Ninja.

I suppose I will just try it tomorrow. I will know quickly if I get that lovely NT rejection crash sound.

I mean, they are separate contracts. Why would you not be able to have one contract to buy and one to sell?

We shall see ...


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
The following user says Thank You to tderrick for this post:
 
  #8 (permalink)
Trading for Fun
New Zealand
 
Futures Experience: Intermediate
Platform: Mac OS X
Broker/Data: MB Trading/AMP/LMAX
Favorite Futures: SL-1210 M5G
 
Posts: 72 since Jun 2011
Thanks: 2 given, 31 received

I don't think this is legal in the US.

It is commonly called a hedge position. Where you have a long and short position in the same market at the same time.

These were common in the Forex cash market a few years ago and then they too were regulated out.

Reply With Quote
 
  #9 (permalink)
Elite Member
Nashville, Tennessee
 
Futures Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker/Data: AMP / CQG
Favorite Futures: NQ, YM and ES
 
tderrick's Avatar
 
Posts: 1,589 since Sep 2010
Thanks: 4,260 given, 2,527 received


kamicrazy View Post
I don't think this is legal in the US.

It is commonly called a hedge position. Where you have a long and short position in the same market at the same time.

These were common in the Forex cash market a few years ago and then they too were regulated out.


yes... I have seem this mentioned on futures.io (formerly BMT) before.

As I would not be using the concept as a hedge situation, just trading a separate time frame / situation, I
could see how larger players could use the opportunity to manipulate the market.


AJ
Nashville, Tennessee


"Life On The Edge of SR"
Reply With Quote
 
  #10 (permalink)
Trading for Fun
New Zealand
 
Futures Experience: Intermediate
Platform: Mac OS X
Broker/Data: MB Trading/AMP/LMAX
Favorite Futures: SL-1210 M5G
 
Posts: 72 since Jun 2011
Thanks: 2 given, 31 received


It doesn't matter if you intend to trade different time frames.

If you have an overall long position you intend to hold overnight and then enter into an intraday short position you will simply exit your long.

This is due to regulations surrounding the handling of contracts to prevent a situation where you hold both positions.

You need two accounts to do this and as someone has already posted it could still be illegal.

Reply With Quote

Reply



futures io > > > > Long and Short Positions at the Same Time?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Long/short same contract tpredictor Commodities Futures Trading 12 January 17th, 2014 06:05 AM
Long and Short Positions on same/different Brokerage Accounts IMN77 Reviews of Brokers and Data Feeds 8 August 13th, 2013 03:07 PM
Apple’s Retail Army, Long on Loyalty but Short on Pay Quick Summary News and Current Events 0 June 24th, 2012 01:10 AM
Euro Deal 'Long Intentions, Short Details': Analysts Quick Summary News and Current Events 0 October 27th, 2011 06:10 AM
simple go long or go short strategy stephenszpak NinjaTrader Programming 7 July 21st, 2010 11:05 AM


All times are GMT -4. The time now is 06:19 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts
Page generated 2017-12-14 in 0.13 seconds with 19 queries on phoenix via your IP 54.160.245.121