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Old 04-12-2007, 03:39 PM
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Re: "Borrowing" trade signals

Mark & Pivot - good examples and advice. It all makes sense even though I may not agree 100%.

notouch - we simply do not agree on the idea here.

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In a nutshell here's what I am attempting to do - instead of focusing on just one market while in a trade (which is very easy to do) and missing other opportunities, I am simply taking the 'opportunity' that is in front of me and executing this on 3 markets (no ER2 for me ... just yet...).

And the reason is simple as I stated above - there is no possible way to know which of the three markets (ES, YM, NQ) are going to move after you enter the position the most. You just simply do not know. So to throw all your contracts into one market is extremely risky based on that premise in my opinion. It also comes down to slippage issues as well. I can't throw a 50 lot on the YM and expect little slippage and/or that to be unnoticed. I can take that 50 and spread it over 3 very easily, esp the ES and NQ. But if the YM is what ends up moving the most and I am not in that market simply b/c I forced myself to choose just one, that would be cause for concern later.

I guess if you feel that your trading methodology is solid and you can make serious money trading, why would you limit yourself? Look at the AM moves this week - having traded all indexes together would have been a nice week of trading and all you do is simply enter positions based on your analysis.

Now, if you are trading 2 or 4 contracts, this probably doesn't make much sense at all. That would be more of a nuisance than anything. But if/when you are trading some lots and slippage is something you have to consider, spreading your trades out over 3 markets is something to consider vs. forcing your hand on one market.

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