Click on chart for comments on the trade.First trade = $900
Second Trade = $950
Total on Trading Today = $1850 on every 2 contracts traded.
Entry 966.75 at 3:15PM Eastern time
1/2 Exit 960.75 = $300
2/2 Exit 953.75 = $650
Total on 2nd Trade $950.
Good Trades,
David AKA Tiger
2 comments:
Normally speaking, when do traders switch and trade the next expiration E mini, NQ, YM..etc? A few days before expiration date?
Thx.
Normally, this is when volume goes to the next contract. For example, the next contract after Dec. is March for ES, YM, ZB, etc.
Bonds will move to March before the Indices move. But your basic answer is when volume moves to the next contract.
If you have a good broker, they will help you understand when this is happening. On Trade Navigator the service that I use, the continuous contract will show a Rollover normally the day before showing you that volume is moving to the next contract in the series.
So with that being said, I have found that the best way to answer this question is either to have your broker, or the future exchange themself tell you when the contracts are expiring.
The last trade day for a contract is kind of like options ... that is why they call it a triple witch day on a Friday. Because spot, options, and futures are all coming together on that day, and this will be the last trading day.
For indices, this is normally the 3rd Friday of the month for options, and for futures the 3rd Friday of the month: Mar, Jun, Sep, Dec.
I hope this helps answer your question.
Good Trades,
David AKA Tiger
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