Hmmmm. Ok. I knew you weren't bs'ing fwiw. Well I don't want to say just cut your losses and then be wrong, the indexes can soar on low volume rallies.... and the entire world is bearish so you've got that in your favor.... so I dunno @Overnight... tough call. For real though, I hope you win this round. But next time, set things up so you have a little more flexibility. Its a traders market. Long term, odds are you're right, but near term, you may get fried. Like I said, tough call.
And I understand that completely. It's a delicate balancing act between the performance bonds, the positions I have, and the fact that AMP is always on day margins until that last 5 minute window. But regarding the bit you typed which I bolded? Mother FRACKER, I thought I led into it gently enough, and I was wrong. I mean, I have been taking frosting off the top with picks of nits here and there into the new year, and finally when I feel I can take chunk and put on some size, I get chunked! Oy! I did not set myself up for flexibility this time because on Jan 3rd, I thought the Fed thing was baked in. Jan 5th proved me wrong. And then we got more hawkish Fed shit and then we got the Ukraine war. That black swan I did not anticipate. Alas, it is what it is. I anticipate a loss on this roll into September.
Yeah. No one could have anticipated this one, that's for sure. Although some have said we were way overdue for a major conflict... if history is any guide. You'd think (or we'd like to think) we've come farther than that though. Apparently not unfortunately.
I still don’t understand performance bonds … the examples you gave with 5 ES going down 100 points overnight would put you down 25k and I don’t see many brokers keeping the 20k account open during that. Unless that math was just off in the example. If you held that long for some swing trade did you at least add any near the bottom with your extra margin? January smoked a lot of people.
Thanks for your thorough explanation, was not familiar with it. I think (if desired) one can open spreads in an other account to hedge your position (though this usually is a losing position if not planned beforehand) Let’s be positive about it and say “in the long we are all dead and indices make new ath’s “