futures trading

Believe it or not, craps is not the only game in the casino. Savvy players have a back-up plan for when their craps game is off. If Heavy isn't winning at Craps you're likely to find him playing Baccarat, Blackjack, or even Roulette. If the table games aren't working out he may even take a cigar break in the high limit slot area for a little hit-and-run action. But just like craps - you have to plan your play and play your plan. If you have a question on slots, video poker, carnival games or any table games other than craps, this is the place to post. Let's hear about the games you play when you're not playing craps! What's your game? What's your strategy? How's that working out for you? Inquiring minds want to know!

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Moe Bettor
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futures trading

Post by Moe Bettor » Fri Mar 20, 2020 12:18 pm

As perhaps some of you know I also trade futures and options. Mainly futures. There have been incredible trading opportunities during this
virus situation every day. Not just shorting, but with recovering moves. One has been when Trump speaks. Everything drops and I short. The base to buygoing long has been around 2351 on the ES..which is the S&P emini future. So far traders have protected that area and when the futures drop to below it, there is furious buying. If I can't be at a craps table, this is a casino that will never close..at least I hope so. I'd rather the virus
would be conquered and the up moves be primary. But either way..it's a living. Solitary too with nobody sneezing on you. Remember 2351 those of you in the game.

r_ventura_23
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Re: futures trading

Post by r_ventura_23 » Fri Mar 20, 2020 1:26 pm

How do you trades when the market is closed? I watch the futures but don't know how to trade them?

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heavy
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Re: futures trading

Post by heavy » Fri Mar 20, 2020 1:41 pm

Trades are generally made through ECN's (electronic trading networks) that match buyers and sellers without going through the market directly. It's third party trading. Hours are limited - usually 4PM to 8PM. You can also trade pre-market opening in the mornings from 4AM to 9:30AM.
"Get in, get up, and get gone."
- Heavy

Moe Bettor
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Joined: Mon Dec 21, 2015 2:31 pm

Re: futures trading

Post by Moe Bettor » Sat Mar 21, 2020 12:31 pm

Futures trading Eastern Time is pre-market..before 9:30 ET which is market open and trades until 4:30 pm (16:30). The there is a break and you have the overnight session. I only trade from 8:30 am til 1500 (3pm) ET because the trading gets more volatile and too jumpy for me after 1500. Learning to trade futures is easy. There are hundreds of youtube videos. Doing it and making money at it is another beast entirely. Places like Ninjatrader, which I use or Infinity trading will give you demo accounts for 14 days. You can practice free using real time data feeds and make virtual trades. This is a must. Ninjatrader also has a free trading platform where you can practice virtual trading at no cost. The data feed is computer generated so it isn't real market data, but a simulation. I've been at it a long time. I lost a lot of money early on. Like craps, you must totally learn the process. And like craps, you can get an edge. Also like craps, you can lose your ass bigtime. Lastly, there are gurus who will teach you the whole thing. Some are good, some are mediocre. They all push some proprietary agenda where if you follow it, you can't lose. BS. There is only person I would ever recommend and had I learned from him early on..it would have saved me a lot of money. But he doesn't come cheap. Often he gives two free weeks in his trading room. He basically gives away most of his way of trading techniques. He's kind of like Heavy. A good guy with total knowledge of his game.

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