(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.
Here's an example of the draw down and behavior of my account if my position is hit by a major market move down... Right now I keep about 10x in my account. As you can see the draw down is big but there are chances to exit while keeping the damage to a minimum...waiting out the storm and then re-entering.
I'm also using some technical indicators for entry/exit. Mostly support/resistance and watching what the guys are doing on the ES-Spoo thread to get an idea of market psychology. Not ideal given most of them scalp but it's good knowledge to have.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
The following 3 users say Thank You to rsm005 for this post:
I still sell the ES puts naked. In my opinion there are too many different ways the S&P index moves downwards. Fast, slow, far, or just a bit. And each way needs another protection via long puts.
There are two major ways I protect my positions:
I get out below the 200 dma.
Most of the time the index is above this index, and, thus, most of the time I am able to sell ES puts. This method costs me some money in case I get out, and back in soon after. But in August 2015 my losses were very limited.
Additionally I hold many other short option positions (see separate thread). This allows for using a larger part of the account for trading, and keeps risk for each position at a reasonable level. It is important to check if the positions are sufficiently independent from each other.
Currently I do not hold any ES puts. I intend to wait for a test of the 200 dma before re-entering.
Best regards, Myrrdin
The following 3 users say Thank You to myrrdin for this post:
Nothing - there are many ways to achieve the same target.
For me diversification of my portfolio and selling ES puts only in "safe" situations (index > 200 dma) is a good solution. But there are many other solutions. The problem: None of these solutions is perfect.
Best regards, Myrrdin
The following 2 users say Thank You to myrrdin for this post:
The chart above was 9:30 am ET to 4 pm ET. Here is data looking from settlement to settlement. Not much of a pattern comparing settlement to settlement.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
The following 4 users say Thank You to ron99 for this post:
I have a quick question about your spread sheet. I've been playing with some other ideas and struggling with 2 columns that just don't seem to add up, Futures Month and Options Month.
For example, i'd like to see how a 45 day to expiration spread would have behaved during the swoon in January but just can't find the right letter/date combination. Same with August of last year.
Is there a location tells you exactly what options month codes line up with which futures month codes? If not what's the best way to figure that out.
I'm not sure if it's something I'm doing but the pivot table seems very fragile. I run the spreadsheet and there's data under historical but I see this in the pivot table...regardless of date or prices..
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).
Am I missing something?
/rsm005/
Last edited by rsm005; March 27th, 2016 at 11:42 PM.
Reason: Grammar