←Stage 62 · Premium
Futures

Trading and Hedging With Futures

Five stages of mechanics, and now the loop, run whole. You'll size in contracts, hold through a weekend with the margin to match, and hedge a stock portfolio with one number. You'll write a futures plan and then run it for five days on the desk. Eleven lessons, and the last one hands you the live simulator.

Stage 62 of the TradeWize futures track: the whole loop, run for real. Sizing in contracts, holding overnight and over a weekend, hedging a portfolio, spread trades, orders across a session, the written plan, and a week on the desk.

0 / 11 done
StartLesson 1 · Sizing in Contracts
What you’ll leave with11 lessons · 5-line playbook
  • Contracts equal my risk budget divided by my stop in ticks times the tick value, rounded down.
  • If one micro is too much risk for my stop, the trade is too big for my account.
  • Holding overnight means the overnight margin and the Sunday reopen, and I size for both.
  • A hedge is beta times portfolio value divided by contract notional, and I round toward less.
  • My futures plan names the contracts, the sessions, the size, the margin cushion and the roll date before the first trade.

All lessons

  1. 01Sizing in Contracts
  2. 02The One-Contract Problem
  3. 03Overnight and Weekend With Margin
  4. 04Day Trade or Swing
  5. 05Hedging a Stock Portfolio With ES
  6. 06The Producer's Hedge and Basis Risk
  7. 07Spread Trades as a Position
  8. 08Options on Futures
  9. 09Orders in a Globex Session
  10. 10The Futures Playbook
  11. 11A Week on the Desk