Interesting comment. i do not disagree. I did however make a bundle riding the markets up last year. The short plays since the top had not been confirmed were difficult to say the least.
So I take it you are playing straight long and possible unlevered etf shorts
If the potential exists for an over 100 point drop from the 990's wouldn't your larger buy order be held for levels lower than the 990's as opposed to your scheduled large buys at that level?
I really don't see any difference between 1) investing $100,000 in a stock and losing $5,000 because it dropped 5% 2) spending $5,000 on calls (holding $95,000 in reserve) and losing all $5,000
The issue simply can not be the use of a leveraged instrument. You could argue that people are using the whole $100,000 to buy calls, and stand to lose all of it, but that is not at all what you said.
June S&P E-mini Futures: My range estimate for today is 1075-1115. I still think that last week's low at 1056 ended the correction from 1216. Strength above 1120 would be very bullish.
1085.25 – 1116.50 range last night (31.25 points) 1075-1115 estimate for today (40 points, ~2 times normal)
1090 currently, so estimate is -15 to +25 from here (bullish)
Interesting comment. i do not disagree.
I did however make a bundle riding the markets up last year. The short plays since the top had not been confirmed were difficult to say the least.
So I take it you are playing straight long and possible unlevered etf shorts
If the potential exists for an over 100 point drop from the 990's wouldn't your larger buy order be held for levels lower than the 990's as opposed to your scheduled large buys at that level?
I really don't see any difference between
1) investing $100,000 in a stock and losing $5,000 because it dropped 5%
2) spending $5,000 on calls (holding $95,000 in reserve) and losing all $5,000
The issue simply can not be the use of a leveraged instrument.
You could argue that people are using the whole $100,000 to buy calls, and stand to lose all of it, but that is not at all what you said.
China is imploding FXP is on Fire
I suspect he waits for the smoke to clear. The trades he posts seem not to be too bold. Would be interesting to see his not-so-public trades.
I don't use levered instruments.
I don't suggest anybody using them. If you're a professional trader, leverage is co-relational to a drug addiction.
It never ends well.
Good luck to Carl then… as I wouldn't even think about going long at 1056. He's got bigger one's then I do!
We'll talk about upside levels after we print the terminal value.
Until we get above teal containment on the 60 min.(1140's today) the dynamics don't change.
Carl’s morning call:
June S&P E-mini Futures: My range estimate for today is 1075-1115. I still think that last week's low at 1056 ended the correction from 1216. Strength above 1120 would be very bullish.
1085.25 – 1116.50 range last night (31.25 points)
1075-1115 estimate for today (40 points, ~2 times normal)
1090 currently, so estimate is -15 to +25 from here (bullish)
Mon – what is a local min value ?