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March 28th, 2014 at 9:30 am
Phil I need help understanding the /NKD play you sent this morning please. At 9:25 AM the futures are at 14785 moving up for the last half hour or so. You are suggesting a short at the 14800 line, so if I now understand how you do this I would sell a contract here and watch if it moves above 14800 I get out, and hopefully we watch it move down and watch for what? What is our goal for this trade and how long are we in it? In oil we are in and out quickly, but is it the same with indices or are these longer term plays? I know I am probably asking basic stuff that most know, but I don't want to screw up even on my paper trades as I learn.