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Stopped out in position trade in Pl with profit. This time......
Another way to trade is what I call double dipping. Have one account for positon trading and another for day trading. It's not unusual for me to be long and short at the same time in two accounts in same market. Will do this until markets gets slow or find another set up. Never leave a market that is making money for another one.
There are other sets of charts that might interest you like DCOT or Energies Monthly Data or the ones that are titled Seasonal Futures are charts of daily futures contract price settlements over the last 10 years.
Example. Went long in Platinum with position account. While long in position account will use day trade account in platinum if worth it. My bias is towards longs in day trading it. Will take a short as a scalp. Only did it 3 times. Two of them worked.
Platinum was a sweetheart of a market this month.....
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
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"long and short at the same time in two accounts in same market" = No Position
and unless they are sub-accounts...
"long and short at the same time in two accounts in same market" = Lots of Margin Requirements/Inefficient Capital Management
Bought half a lot of the RBN-RBZ today, and will leave the order to buy the second half just above the January low. According to MRCI this spread should work until 11th of March.
Bought the RBK-HOK, which is a seasonal trade according to MRCI after February 23rd.
The spread shows an upwards trend since August 2016, and recently showed a set-back. Looks to me to be a good entry.
Only two max. drawdowns above the average profit in 15 years (2008, 2011), only one loss in 15 years (2008). Average Profit of the winners above $2,600 per spread.