I'm trading the December contract of the S&P 500 We have what I term "a split open" so the morning trade can be a long or a short.I take which ever comes first.Please note "a split open" comes with extended targets so I generally carry a small position for the extended target. Buy 1521 AND 1520. target 1530 Extended target is 1540 Stops @ 1518.5 Sell/Short 1525 and 1526 target 1515.75. Extended target is 1506 Stops @1527.5
Comments
BUY 1551 AND 1549.25 .Target 1554.5
Stops @ 1548.25
Net
+4.25.00 pt from buy @1549.25(because of earlier stop out 5.25pt-1pt)
+.75pt from buy @1551 (because of earlier stop out +3.5pt-2.75pt)