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Many clients have asked me “The moves are so wild, I am almost always getting stopped out unless I have deep reserves or willing to take large stops”<\/div>\n
Not that there is an exact answer to the situation but two things come to mind:<\/div>\n
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- Reduce trading size and be extra picky on entry levels<\/li>\n
- Switch to the MICROS<\/li>\n
- Use weekly options….<\/li>\n<\/ol>\n<\/div>\nMy colleague John Thorpe wrote the following article a few months back and it provides excellent insight on possible uses of weekly options, at times as an alternative for day trading\/ stops:<\/div>\n<\/div>\nWeekly Mini S&P Option Contracts<\/div>\nThere are 100’s of indicators available to traders to assist with decision making that can be applied to technical analysis, which is precisely the reason to utilize a sound and inexpensive weekly ES strategy to compliment a day trading strategy.<\/div>\nThere Are Two Main Uses For The Weekly Options<\/div>\n
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- As a hedge, no need for stops<\/li>\n
- As a pure speculation. A relatively inexpensive way to speculate on market direction in a time frame that can be for minutes, hours or a few days without the need to use stops.<\/li>\n<\/ol>\nBriefly, the definition of an\u00a0option contract\u00a0from the\u00a0National Futures Association<\/a>\u00a0is: An investment vehicle which gives the option buyer the right\u2014but not the obligation\u2014to buy or sell a particular futures contract at a stated price at the specified expiration date. There are two separate and distinct types of options: calls and puts. These weekly options are European Style, Exercisable to the nearest futures contract at 3pm Central time on Friday. If in the money by any amount, the exercise is automatic.\u00a0Read the rest…..<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Good Trading<\/strong><\/h3>\n
Trading Futures, Options on Futures, Gold Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0 You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.<\/p>\n
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Futures Trading Levels<\/strong><\/h3>\n
05-07-2020<\/p>\n
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<\/div>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\nDid you know?<\/div>\n<\/div>\nCannon will\u00a0Match or Beat Your Current Commission Rates!<\/a><\/div>\n<\/div>\n
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