Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Dinerotrader

Managing Multiple Orders on One Contract

Recommended Posts

Is there a way to have 2 different positions on one contract in OEC. For example, say I trade oil get long at some major support level and plan to ride that position for several days. Then, in the mean time I see some good short positions for a 5-20 minute hold. How can I manage these positions?

Share this post


Link to post
Share on other sites
Is there a way to have 2 different positions on one contract in OEC. For example, say I trade oil get long at some major support level and plan to ride that position for several days. Then, in the mean time I see some good short positions for a 5-20 minute hold. How can I manage these positions?

 

I don't know anything about OEC, but for the long crude example, you could just sell it then buy it back at a better price (ideally)...rather than having a short and long on at the same time (which is essentially the same thing as being out of the market...they cancel each other out).

 

If your short was going to be smaller than your long position, you could just sell some rather than all.

 

If you short was going to be larger, you'd have to sell the entire long position, then go short additional contracts.

 

It may be easier, especially if the short is larger than the long, just to have two positions on at the same time, though...maybe...

 

:2c:

 

-Cory

Edited by Cory2679

Share this post


Link to post
Share on other sites
Is there a way to have 2 different positions on one contract in OEC. For example, say I trade oil get long at some major support level and plan to ride that position for several days. Then, in the mean time I see some good short positions for a 5-20 minute hold. How can I manage these positions?

 

Take different trading accounts for different strategies/timeframes. Otherwise hedging makes no sense at all. There is only long, short or being flat as Cory said.

Share this post


Link to post
Share on other sites
Take different trading accounts for different strategies/timeframes. Otherwise hedging makes no sense at all. There is only long, short or being flat as Cory said.

 

That is what I thought. Managing trade of differing time frames sounds like a normal thing to me so I thought there might be a slight chance there was a way. I guess I could just setup with another broker for longer term positions.

Share this post


Link to post
Share on other sites

Dinero - you don't need another broker if you want to keep this simple.

 

Open a 'long-term' account at OEC then ask them to open a Trade Manager user for you where you can access both accounts w/in 1 login. Then you can trade in both accounts quickly and easily.

 

I'm pretty sure this would do what you need.

Share this post


Link to post
Share on other sites
Dinero - you don't need another broker if you want to keep this simple.

 

Open a 'long-term' account at OEC then ask them to open a Trade Manager user for you where you can access both accounts w/in 1 login. Then you can trade in both accounts quickly and easily.

 

I'm pretty sure this would do what you need.

 

That is the answer I was hoping for. I like simple. Thanks.

Share this post


Link to post
Share on other sites
Dinero - you don't need another broker if you want to keep this simple.

 

Open a 'long-term' account at OEC then ask them to open a Trade Manager user for you where you can access both accounts w/in 1 login. Then you can trade in both accounts quickly and easily.

 

I'm pretty sure this would do what you need.

 

I know this is an old post, but never the less, I wanted to address this topic because many traders trade number of strategies. We wrote an elaborate blog post to explain how it works on OEC trading platform. Block Account Allocation

 

I hope this helps.

Matt

Optimus Futures

OEC Trading Demo

 

There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Topics

  • Posts

    • Ethereum Price Analysis – April 25   ETHUSD Medium-term Trend: Bullish   Resistance: $680, $670, $660 Support: $620, $630, $640   Yesterday, April 24, Ethereum price was in a bullish market and reached the resistance level at $700. The bulls have attempted breaking the resistance level without success. The reason for this is that the resistance level was previously a strong support level that was broken by the bears on March 13, 2018. Today, the asset is trading at $644.55 at the time of writing.   Nevertheless, in the weekly chart, the ETHUSD pair traded up to $709, but was resisted by the bears. The price fell to the $640 low. However, although the price has fallen as per the indicators and price action; the overall trend is bullish. In the weekly chart, the MACD line and the signal line are below the zero line, indicating that the market is bearish.   The 12-day EMA is above the 26-day one and are below the price, indicating that the bullish trend is ongoing.   ETHUSD Short-term trend: Ranging n the daily chart, the price is in a range bound movement. Ethereum was ranging at the $700 resistance level. At $670, the bulls took the price to the resistance zone and were resisted by the bulls at $710. Then there was a pullback to the $640 low when the market went into a range bound movement. The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.
    • $SIG (SIG) Signet Jewelers stock bottom breakout watch,



      analysis http://chart.st/SIG
       
    • This is NOT about “ungoverned” internet at all 
      http://abcnews.go.com/International/age-cyber-warfare-ungoverned-internet-poses-threats-infrastructure/story?id=53276814   This is ? https://www.oftwominds.com/blogapr18/data-influence4-18.html
    • $UVE (UVE) Universal Insurance stock narrow range breakout watch,



      analysis http://chart.st/UVE
       
    • $INFN (INFN) Infinera stock strong day w/ top of range breakout watch,



      analysis http://chart.st/INFN
       
×

Important Information

By using this site, you agree to our Terms of Use.