Forget stop-loss orders or the unlimited risk that comes with futures trading, E-mini S&P day traders can use long option strategies for low and limited risk speculation!
E-mini S&P 500 day traders often manage their risk per trade using stop loss orders. However, stop orders in the futures markets are highly prone to premature election leaving traders watching the market runaway in the anticipated direction without them. Further, traders utilizing tight stop-loss orders as a means of mitigating the risk per trade are nearly guaranteeing a small loss as opposed to protecting capital while enabling prospects for profit.
Perhaps a better way to day trade the E-mini S&P 500 is by using weekly expiring options, and possibly even the new suite of Monday and Wednesday expiring options. These products offer traders the ability to speculate on intraday price moves with limited, and surprisingly low, risk. Join us to discuss how these products might help futures day traders mitigate risk and stress.
Topics discussed include:
- The biggest obstacle to day traders, stop-loss orders
- What are weekly options?
- What are Monday and Wednesday options?
- How to use options in day trading
- The beauty of limited risk day trading
- The benefit of lasting power (no premature stop outs)
- Time value erosion
- Hold positions overnight without hefty margins
- No longer slave to the market close