I'm a stock options trader in Singapore. I'm involved mainly in US equity and ETF option trading. I used to trade Earnings Gapping for a while, 4 years to be exact, but has since stopped using it because it's highly unpredictable; more like gambling. I've later attended a 4-months stock option trading course taught by Mr Michael Woo, where he covered most of the foundations in trading. I've also learned about e-mini trading from him. Currently I'm doing swing trading of US stocks using options.
Dear fellow traders :
Trading the S&P500 e-mini based on price action & looking at support/resistance lines.
17 Aug 2009 (Monday) - Profit = $112.50
18 (Tuesday) Aug 2009 - Profit = $25.00
19 Aug 2009 (Wednesday) - Profit = $75.00
20 Aug 2009 (Thursday) - Loss = $50.00
21 Aug 2009 (Friday) - Loss = $87.50
Regards,
Tony Chai
Posted by
Tony Chai
at
10:53 PM
2 comments:
Actually I would like to know whether TOS platform can trade this e-mini?
in google finance, i cant get ES when I type in the ticker.
I am new to futures.
Hi :
ES is the ticker for the S&P500 e-mini index futures. I've recently posted an entry about the background of the e-mini futures, here's the link :
http://options4u.blogspot.com/2009/05/what-is-e-mini-index-futures.html
You can certainly trade the e-mini futures with TOS. It's just that the Ninja Trader has a super DOM trading platform which enables entry, exit and setting up of profit target/stop-loss faster. This is crucial since the ES price movement is very volatile & fast execution might be necessary to get in & out at a profit or loss FAST. You might want to explore infinityfutures.com for the same kind of trading platform.
Instead of Google Finance, you can get your ES quote from :
http://futures.tradingcharts.com/marketquotes/ES.html
Hope the above helps.
Good luck in your trading, friend.
Tony Chai
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