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garachen, Your comments are appreciated, so please don't interpret me as argumentative. I understand that many of your comments probably relate to new traders/graduates within a corporate environment or professional trading firm and that you have a relatively short amount of time to prove...

Just a quick visual seems to indicate that the returns on this strategy correlates fairly well with the overall market. So, you might as well utilize a trend following method on the daily.

Since 2020 was a bit of an outlier year, here's the numbers for 2019. The year started in drawdown with 2 successive gaps down. A peak in May (sell in May and go away?) and a trough in June. The end of 2019 did really well. End result gross = + 349,50. Maximum drawdown = - 128,50.

Certainly not the best week to start this experiment. Buying the cash close and selling the cash open yielded a gross return of - 46,00 ES points this week - assuming actual close/open prices and not considering commissions. If we count the entire year so far. 10 trading sessions. The result is...

A) No idea, but I would not imagine anyone being left to their own or expected to figure out the markets on their own. In the recent Schwager book - one trader who was hired at a London based trading firm said he started out with a 2 month training program. Classroom style. Following that - 6...

As the industry is virtually non-existent here, I don't think it's worthwhile for me to try, but maybe for US residents. I've talked personally to one of the 'big guys' in trading here in Norway and one which actually ran a hedge fund, but he says trading is virtually non-existent here, except a...

Agreed totally. However, I'd say the main problem for most retail traders who don't enter this industry as professionals, but try to learn it on their own, is that it's hard to get that opportunity. For example, I'm based in Norway. Here, proprietary trading is virtually non-existent...

To the tick. :) Would have been even better if I were flat and could have entered long there. It remains to see if this market has enough strength to print 20/25 on todays session now.

How long would you say the knowledge acquisition period is, then? There's a major difference, though. If I want to learn Russian you pretty much have all resources to learn it at your hand. These days you can even learn it on your cell phone. Everyone is in agreement on what Russian is. For...

FWIW, I'm still a trapped long here and still holding that long. Will stop out @ 01/02 and double down on a new long if price finds a bottom there. Maybe I'm dead wrong, but I don't really expect a sell-off here. The stop is there nonetheless. Update: The odds of printing 3803 are pretty good...

Are all your entry/exit signals indicator based? Are you strictly trading NQ?

While I respect your opinion this really goes against everything I've read and heard including my own experience. Most skills/field require far more than 6 months to become competent. Top expert level play requires years. You said yourself that trading is all or nothing - which I fully agree...

Yeah. No doubt. Could see a move down to 3803/00, but I'm holding long here. Will probably stop out around 07 and re-enter. I suppose we could see a strong sell to the down, too, but I'll admit to being clouded by a bullish bias for this week's end. :)

Nice catch! What are your typical profits? You seem to go for fairly small profits, yes?

Powell is speaking soon, so maybe range bound till then. I think we have the LOD, but it does look a bit toppy here.

Still range bound. Pops are being sold and dips are being bought. With today's high being tagged, we're vulnerable to the downside. But I still think this pops higher by the close. EDIT: That should say yesterday's high.

Last week's close / gap here @ 16,75. Let's see if we blow right through or if it can trigger a reversal.

Looks good for a run towards 3820 today. May go straight off the Open. 03/00 should act as support on a pullback lower if so be.

Hi garachen, Thanks for checking in. I've read a few of your posts earlier with interest. Interesting statement. Care to elaborate? Makes sense. The opportunity cost is huge. That's why I personally would not recommend anyone to pursue (day) trading. However, your latter paragraph, and I...

There seems to be a few systematic traders here. Check out the Journal section. https://www.elitetrader.com/et/threads/fully-automated-futures-trading.289589/