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May I ask why you did it? Was it due to being short on funds when starting out or just generally wanting to leverage your returns? Personally, I'd have zero interest in taking on money from family and friends, but would have been interested in trading OPM in a professional capacity. I'm sure...

I know someone who did that - except that he didn't even have a performance record to show. Half a lifetime in the trading industry as a broker (salesman) and an expert hindsight technical analyst. Great salesman, but a poor trader. I think he only have one winning month since inception a few...

Is that you, ChatGPT? :) Win rate as an isolated metric is meaningless. The only thing that matters is if your profit more than you lose and that can come about in very different ways. High win rate strategies generally have an inverse R/R relationship as you'll risk the same or more than...

Yes. Guilty on all charges. Hell, I may still be naive in terms of expected returns, but at least I have experience to back it up now. Long story short, I made a small fortune swing trading stocks in a bull market not knowing much. So, I figured that if I put some time into this and actually...

I did a quick comparison this morning between ES and NQ looking at the sum of the daily RTH ranges in points/dollars per contract, # of major swings per day and the sum in points/dollars of the major swings. I only looked at 2023 from start to present day, Friday 26th. I use a proprietary...

Yesterday, NQ filled a gap from the 8th of April last year. The high of the week was at + 7.25 % net change and closed at + 6.98 % for the week. Incredible. In comparison, the high of ES was at + 0.41 % for a close at + 0.21 %. Anyway, for the last year or two the pattern in the market have...

What do you mean by "Indices like the NASDAQ are merely diversions - something more people should realize with time."? 100% agree. What's your take on this, though? Meaning, what do you pay attention to and what do you discard? Or is that merely a subtle art that you're not able to define...

ES pretty much unchanged for the week here. NQ up over 6.6 % this week and still not slowing down while ES is barely catching on. Wow.

I think many would-be-traders don't understand expectancy. Simply put, if you risk the same as you gain to win, you need a high win rate. If you risk twice what you gain to win, you need a very high win rate. If you risk less than you gain to win, your win rate can go below 50 % and even much...

Definitely a lot of bears around, but there's always plenty of bulls, too. Traders, by definition, should only concern themselves with short term direction, IMO. Having a locked down bias/prediction and not updating that on proof of the contrary is a recipe for disaster. I stopped making...

Today's session is also a good example of how favorable NQ is compared to ES, but maybe I'm just catching it at a special time. Strong trend higher on NQ which kept going while ES got stuck after the initial move. Twice the reward for the same risk.

Interesting. Any results so far on ETH versus RTH? On average, I think ETH trends better than RTH. This should be no surprise. As for 6 months of data, I agree, but surely it should be enough to give some preliminary results? Maybe I'm just cacthing up with NQ at an interesting time, but I did...

Funny you should mention that as I was actually thinking about asking you if you had run a back-test with the algorithm you're currently using on ES. I talked with a guy who ran an algorithmic strategy on NQ a few years ago and he said the same strategy was breakeven on ES.

Interesting, I know nothing about natural gas, so I'm afraid I can't help. How often would you say this market is choppy?

Well, NQ is a different animal for sure. Similar, but definitely not quite the same. With the exception of a few slower days recently I'd say ES is still moving plenty, though. Are you trading mostly NQ, then?

You saying you think FX would suit me? Never traded any FX so far. I started out swing trading stocks and then was sucked into the world of day trading and have specialized in ES for the last years. I think for day trading I would stick with ES and now probably NQ, but at some point I'd...

How would you compare/rate CL/GC versus say NQ? Feel free to answer in this thread instead: Which markets or instruments are you trading? | Page 2 | Elite Trader Back in the day when ES had extremely low volatility CL seemed to be very popular among day traders on ET. I'm more of a...

That's a pretty sweet 1 hour candle on NQ for sure. I'm starting to look a bit more closer at NQ vs ES. How many here trade NQ?

Could be a good idea. I always had my biggest losses following my best periods. 20K is a tremendous day. Congratulations. How many trades and average # of contracts per trade? NQ? ES? I have a day job, so I missed the morning sell-off. Got chopped up in all that noise, but captured the bulk...

I'm still a rookie when it comes to NQ, but my impression is that it's easier to trade than ES in the sense that you can quickly B/E your entries as it's moving a lot. And if you generally like scalping there always seems to be something on the table while ES is more sluggish. This afternoon...