TB:" one small step, for an old spyder-trader "
...got a few teenies plus-side from the spoo futures bounce after OPEN and went flat; nailed the re-entry at the intra-day apex 'cuz it bounced offa the 10,785 fib; didn't anticipate all the sell-on-close orders for end-of-month so, didn't get my bone as I rushed to exit. Now flat; it was fun.
Been a long time (^_^)
we be wired. The diamonds feel sluggish, Berney, like they're dragging a lot of cyclical/retail baggage around. They always used to, iirc - they had more punch earlier in the year - when cyclicals we don't got were all hot. The qubes definitely have more juice.
I've gotta use 1/16ths teenies to count, keep the pace, because DATEK won't let us use tinys 1/32nds (though they appear in the RealTimeQuotes). Also, DATEK will not allow me to short diamonds or qubes but, spyders we can still short, and do it on-demand "on-the-fly".
I can't "split" what I'm dealt, though; ie., have simultaneous long and short SPY positions ("short against the box") unless I use one of my other broker accounts. But DATEK is useful because it's fast and, I can't trade such small positions with greater than 1/16th round-trip fees (ie., $20 in & out on 300s = ~3/32nd tick)
Personally, I don't like the diamonds, TB - but the DJX.X chart is the easiest to read.
it's intense ( smoked three cigars! ) but after all, 300s diamond positions ain't gonna break the bank or, buy much more than a fine dinner+wine whether you're a bone down or up (^_^)
...great practice: you do get involved !
-Steve |
