Intrepid_Timer's PUBLIC Account Talk

[gporterie]

Do you play e-minis? Someone had brought this up to me in the past. My PM inbox got full so I deleted everything and lost the PM's and I don't remember who it was...................

I'm looking for a good company to try this out. I want to be able to hold overnight and trade along with my trading system, so I don't know if this would be a worthwhile endeavor or not..............I know most people day trade them.

I don't now, but have in the past. I do watch them when our equity markets are closed.

Have you looked at Interactive Brokers' Globex contracts? Cheapest commissions I know, generally good executions, though the Trader Workstation platform takes some getting used to....

 

[FUTURESTRADER]

I don't now, but have in the past. I do watch them when our equity markets are closed.

Have you looked at Interactive Brokers' Globex contracts? Cheapest commissions I know, generally good executions, though the Trader Workstation platform takes some getting used to....

I mentioned them to u a few weeks ago, I_T. I use RJ O'brien through introducing broker Managed Capital. $9 mini contract comissions, $18 big contract. SP500 emini is like buying 50 shares. Big SP500 is like 250 shares or $250 for every point SP moves. My strategy these days is sell way out of the money naked put options, i.e, march 900 put, a bet that s&p won't hit 900 by march expiration, netting about 12% a year for the past 2 years. There's many spread strategies to play with, Straddles, strangles, condors, etc.

 

[Intrepid_Timer]

I mentioned them to u a few weeks ago, I_T. I use RJ O'brien through introducing broker Managed Capital. $9 mini contract comissions, $18 big contract. SP500 emini is like buying 50 shares. Big SP500 is like 250 shares or $250 for every point SP moves. My strategy these days is sell way out of the money naked put options, i.e, march 900 put, a bet that s&p won't hit 900 by march expiration, netting about 12% a year for the past 2 years. There's many spread strategies to play with, Straddles, strangles, condors, etc.

Awe, should of known it was you. Thanks for the info. So you hold overnight right? I'd think you could make more than 12% a year? How much is their minimum investment? Looking to practice a bit before I get too involved with it.

 

[Intrepid_Timer]

BTW, Happy MLK and mlk_man Day everyone!!

 

[FAB1]

Was the market OPEN today? Not paying attention. snore.

 

[FUTURESTRADER]

Awe, should of known it was you. Thanks for the info. So you hold overnight right? I'd think you could make more than 12% a year? How much is their minimum investment? Looking to practice a bit before I get too involved with it.

Minimum investement is probably $2-$5K. Oil, gold, silver, and wheat I would hold overnight. Big S$P, at $250/point takes some cohones and at least $20k account to hold overnight. You can make alot more than 12% but that would assume greater risk. I estimate 98% of my trades are profitable, probably the last 270 trades, granted most are only about $12 profit (selling put options). I put on about 15 trades a month. Selling puts is like selling insurance, you collect the premium up front, then enjoy time decay into expiration. I play with about a $20k account and shoot for 1%/month net. You could do that 1% in a day easily with 1 big S&P moving 1 point and make $250 on day trade. If you think you have a good daytrade indicator on S&P you could clean up.

 

[Intrepid_Timer]

Was the market OPEN today? Not paying attention. snore.

No, go back to sleep......................:toung:

 

[Intrepid_Timer]

Minimum investement is probably $2-$5K. Oil, gold, silver, and wheat I would hold overnight. Big S$P, at $250/point takes some cohones and at least $20k account to hold overnight. You can make alot more than 12% but that would assume greater risk. I estimate 98% of my trades are profitable, probably the last 270 trades, granted most are only about $12 profit (selling put options). I put on about 15 trades a month. Selling puts is like selling insurance, you collect the premium up front, then enjoy time decay into expiration. I play with about a $20k account and shoot for 1%/month net. You could do that 1% in a day easily with 1 big S&P moving 1 point and make $250 on day trade. If you think you have a good daytrade indicator on S&P you could clean up.

Let's say I buy $10000 of the Big S&P futures from a $20000 account, or do I have to purchase at least $20000, one day and then sell it a week later with the S&P 500 up about 1%. What would I make on that? Is this even doable?

 

[FUTURESTRADER]

the s&p is trading at 1285 now. You buy one big S$P futures contract, essentially 250 shares of S$P or $321,250 under your 'control'. So 1285 up 1% = 12.85 points, mult x 250 = $3,212. I think you need to have $22,500 to $28,125 to hold big s&p overnite.
The mini only 4500 to 5625....essentially 50 shares of S&p

NQ - NASDAQ 100 - E-MINI 09/01/10 $3500 $2800 $50 $40
ND - NASDAQ 100 04/05/10 $17500 $14000 $250 È $200 È
SP - S&P 500 04/05/10 $28125 $22500 $188 È $150 È
ES - S&P 500 - EMINI 09/01/10 $5625 $4500 $38 $30

 

[Intrepid_Timer]

Makes sense. Thanks FT!!

the s&p is trading at 1285 now. You buy one big S$P futures contract, essentially 250 shares of S$P or $321,250 under your 'control'. So 1285 up 1% = 12.85 points, mult x 250 = $3,212. I think you need to have $22,500 to $28,125 to hold big s&p overnite.
The mini only 4500 to 5625....essentially 50 shares of S&p

NQ - NASDAQ 100 - E-MINI 09/01/10 $3500 $2800 $50 $40
ND - NASDAQ 100 04/05/10 $17500 $14000 $250 È $200 È
SP - S&P 500 04/05/10 $28125 $22500 $188 È $150 È
ES - S&P 500 - EMINI 09/01/10 $5625 $4500 $38 $30

 

[Dutchy]

In your Daily Commentary you discussed Municipal bonds. Are they reflected in the F Fund ?? You were smart to change your residence to TX., I willing to bet they would be the last to raise income taxes as opposed to CA., CT., MA., NY., etc...

 

[Intrepid_Timer]

In your Daily Commentary you discussed Municipal bonds. Are they reflected in the F Fund ?? You were smart to change your residence to TX., I willing to bet they would be the last to raise income taxes as opposed to CA., CT., MA., NY., etc...

"The F Fund invests in a bond index fund that tracks the Barclays Capital U.S. Aggregate Bond Index. This broad index includes U.S. Government, mortgage-backed, corporate, and foreign government (issued in the U.S.) sectors of the U.S. bond market. The earnings consist of interest income on the securities and gains (or losses) in the value of the securities." From tsp.gov

No munis............

 

[law87]

F fund not doing so hot this time around while we just switch from I and now I fund are soaring

 

[Intrepid_Timer]

F fund not doing so hot this time around while we just switch from I and now I fund are soaring

Patience..................the road of prosperity is riddled with slaughtered pigs.........

 

[FAB1]

You mean slaughtered PIIGS.

actually its not been that great - gave up -.20 on late last week.
and when it putters out - watchout BEEEELOOOWWWW> :nuts:

Watch the news, watch the dollar.

 

[Intrepid_Timer]

I'm getting the feeling that Goldman may be setting up for a tank job tomorrow with the whole Facebook IPO fiasco plus the fact that they will be reporting revenue from their own trading accounts separately from their client accounts. Could it make for another "embarrassment"? :embarrest:

 

[konakathy]

law87 - I was tinking the same, brah! What Da Kine?!?!

I-T .... yes, patience.....grasshopper! Aloha!

 

[Dutchy]

I'm getting the feeling that Goldman may be setting up for a tank job tomorrow with the whole Facebook IPO fiasco plus the fact that they will be reporting revenue from their own trading accounts separately from their client accounts. Could it make for another "embarrassment"? :embarrest:

Darn those limited to 2 IFT a month transfers! Very frustrated that I have to sit in G Fund the rest of the month when you're getting a buy signal. I should've moved to your Intrepid Trending allocation.. Still have 1.97% for the month, on target for 2% monthly goal!

 

[Geaux4it]

Darn those limited to 2 IFT a month transfers! Very frustrated that I have to sit in G Fund the rest of the month when you're getting a buy signal. I should've moved to your Intrepid Trending allocation.. Still have 1.97% for the month, on target for 2% monthly goal!

Am I missing something (not new to me) in that IT went in 100% I, 100% F then the 50/50 recent split all this month?

I thought #3 interfund tx had to go to 'G' fund.

 

[david.alan.williams]

I'm confused too? I thought we had a Buy Signal. I'm sitting in F Fund with no IFT's left but went ahead and moved 100% G as I understood the email said to do. I was late again! I hope that won't hurt me.