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<i>"The best traders you know suck at trading. The best traders I know make $100-500k/day in this environment without blinking. If you can't make money in this market then you may want to reconsider trading as a profession."</i> Partially true. Skilled, experienced traders can make money...

Same story as usual this week: four - five trade signals confirmed and blew away before entries were able to fill. Trailed stops got pounded out of longs and shorts on deep counter-moves before price action finally moved as expected. But if we take enough trade signals as the charts are...

<i>"I think I am aiming for small profits on the winners, a little larger losses on the losers, but a high win percentage. Perhaps 75% win 1.75 and 25% lose 3.25"</i> Try structuring >50% win with +4pts or greater and <50% loss with -2pts or less. The ratio you propose doesn't account...

<i>"honestly, thanks to this thread, the motivation it has provided...</i> roger that. For too long now I coasted thru trading the ER2 and its limited size... easier than ES, but rather low ceiling of saturation. Seeing the guys post six-figure months and days here in this thread was partial...

I've sat thru most every session from late 1999 (maybe missed 30 days total since) and have never seen one this noisy, whipsawed and racked to death thru such a wide range. TF was a complete joke, and ES was insane. Exact-same entries, minus the insane whipsaws and it's a 50k day. Got pounded...

<i>"Austin I know I have seen you make the case that spread doesn't matter..."</i> bid/ask spread doesn't matter when profitable trades are +6pts to +10pts ES handles. the spread matters A LOT to scalpers. Big difference :)

<i>"The spooz had a 80 handle range today two years ago it would move 40 handles over 6 months!"</i> Can easily make more money in a 25pt ES trend session than 80+pt wild slammer like today. This is too much like work.

no blotter... par finish before noon for today Holly & I have an open door policy for most of the kids in our town. If they have issues at home or need a refuge for any reason, can stop here day or night. We seldom have any takers, but at least they know in their minds there is a haven when...

<i>"This seems to be the general view of everyone. I will open an account shortly and try my hand at this with 1 contract and see how it goes."</i> In a nutshell, the margin for error is least when scalping and most when trading for handles. While trading for handles, I can easily survive...

<i>"Mr Austin, With the utmost of respect, I am asking why you do not post blotters here or in the p/l thread reflecting your net gains, accounting for commissions, as many other posters do? Thank you for the reply and good trading and bagging austin."</i> I used to do that... and may again...

<i>"My thoughts exactly Austinp. Yesterday was really wild and difficult to trade. Glad to see someone killed it though!"</i> I don't know that anyone really "killed it" in eminis. Some people made some money... but much more was missed or lost via unrealized gains which whipped out than got...

<i>"Surprised I dont see more comments on today I guess..."</i> Volatility has turned to outright violence. Looking at the charts in hindsight versus real-time speed of bars are two completely different experiences. When we look at a static chart, it all appears linear. But some of those...

<i>"Nice job, Austin. How many points ES did you net per?"</i> +25pts from entry to exit on varying contract size... 5 to 20 contracts as the day wore on. Many went +4pts ~ +6pts and back out for modest gain or sometimes par in the deep v-turns. Missed out on all of the drop past 10:30am...

Worked ES all the way. Shorting into the early drop, stood aside for the midday plunge, went long enough times into the expected squeeze to make it all worthwhile. Multiple sell signals were there into the bottom, I found them hard to believe... they made a believer out of me as usual while I...

sure we have (huge lol)

<i>"you would maby also agree on that: a 12pt range doesnt mean, you can only make 12pts :-)))) in a range of 12 pts you can have 10 times up and down.... correcto?"</i> Nope... I call bullshit on the whole thing. All theory, no reality. But I can easily be proven wrong. Just post a few...

<i>"thats bullshit. My minimum is 1000 single contract. If i trade 10 or 100, my minimum still is 1000/contract"</i> You're right about the b.s. part... lots of that visible here. Congrats on your +20pt ES daily average per contract, even during times when the intraday range is <12pts wide...

<i>"the real question is, HOW MUCH YOU CAN MAKE ON A SINGLE CONTRACT. I would like to hear answers to this Q."</i> There are no definitive answers to that question. That's like asking how many fish can you catch, or how many apples can you pick. Logical deduction makes that an easy answer...

<i>"If you're able to find a mentor who's actually a successful trader, you're luckier than 99% of us. But that won't make you a successful trader. I can't speak for anyone else, but personally, I learned to trade through trial and error, enduring lots of painful losses etc. I never paper...

<i>"Ive traded the E-mini's since 2000 and Scalp anywhere from 50-500 contracts at a time."</i> That in itself is the root of your problem. Start trading for several handles instead of tick scalps, and you'll reach much higher levels of success in a flash.