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ET, where the "best traders" have 6 figures days but still post 300+ times per month :D

Buys $17 mil of a single security, follows up with 80+ posts schooling the peasants on ET. :D

Yes Same if you're trading 1 contract. Perhaps, but No problem (for me) at anytime in 2020.

I lived there between 2018-2019. Not aware of any trading desks, as I've always just done my own thing, but there's a large expat presence around Saigon, and a good chance you'll find something. I had a friend working in an unrelated field who could do his job remotely from home, but rented out...

$100K, leveraging 10 ES @ $10K per contract, and average a meager 2 ticks/day will produce $250/day or about $62K per year. For US residents, that's on par with the US median household income. Factor in the favorable tax treatment (60/40 split, no payroll taxes) and that $62K trading income is...

Simplicity and Leverage. The 4:1 available for stocks is not enough for what I want to do. Trial and lots of error. Had years trying a lot of different things that didn't work, or didn't suit my personality. After a while, I settled on a combination of rules that I could consistently follow...

I usually just trade ES during RTH. If the session begins following a strong, overnight directional move (producing the "gap"), Im going to start my day off looking for signals in the same direction as that prevailing overnight momentum (continuation). Starting a day looking for a reversal...

I day trade ES. I suggest seeing how your strategy performs in various conditions. During periods of high volatility (Feb-Mar 2020, Dec 2018, Feb 2018, etc.) many strategies work and trading can feel kinda easy. Periods of very low volatility (Oct-Dec 2019, Jul 2019, Apr 2019, Jul-Sep 2018...

I day trade the ES using stops and targets. Out of the last couple thousand trades, the vast majority of trades terminated at the stop level, a small percentage incurred 1 tick of slippage beyond the stop, and a very small percentage incurred 3-4 ticks of slippage, but that is quite quite rare...

To break bad behaviors, what worked for me was keeping track of occurrences/actions. I keep track of 2 things... # of trades without "incidents" and # of days without "incidents". For me, an incident is basically taking a non-valid/random entry, jumping in impulsively, skipping a valid trade...

I get your frustrations... so my guess is we will see a collapse in volatility and range over the next couple of years as the market melt up, perhaps similar to 2016-2017. That will be frustrating for intraday which is what I do, but I'll adapt over time. Im sure there will be some short-term...

After entry, I frequently experience the following scenarios: -Price stops out my position by a tick, and then shoots to the target without offering a valid reentry. (frustrating) -Price hovers a tick from my stop level for several minutes before finally moving to target. (relief/euphoria)...

Dozu checked out of ET? Im guessing he drowned in his sea of money bags and virgins. Looking like he had it right all along :D

@speedo, NQ, now Spooz.. greatest financial thread in the interwebiverse going the way of the buffalo

Been trading intraday with NT8 for about 2 years. Prior to NT, was using ToS, then both concurrently for several months before switching 100% to NT. I run it on a Mac using Parallels (virtual machine). For me, it does everything I want/need it to do, I rarely experienced hiccups, and it seems...

If you want to become a day trader, you should expect it to take significant time (likely years) to reach consistency, or an amount of time equivalent to what it takes a person to achieve mastery in any other subject, despite your background. You can't decide how much this endeavor will cost...

It dropped 35-40 pts after your call, then made a comeback overnight, and now we're about 10-15 pts above the level of your initial call and hovering... really good call... huh??

The daily spike at 15:50:00 ET, can go either way, and has been good for an instant burst of 5-10 pts all week. Nice when it goes the way of your position and frustrating when it doesn't. Especially when it's likely the last trade, going into the weekend.

about another 20 pts higher to break RTH 100 point range. otherwise first day in a few weeks with less than 100 pt RTH range

Dozu killin' it this week :D