1-2 ES points a day

Quote from Steve Tvardek:

The reason I am grilling you on this stuff is b/c its super important to understand that there are a ton of variables to account for each and every day and, when the mkt cycle changes, then a whole new slew of variables come into play, and this is where most people end up giving away all their profits and then some. Just make sure you are prepared for a cycle change when it comes.
More...

Come on Steve, he has done two months backtesting. What could go wrong? LOL.
 
Quote from GTS:

Well if the reversal trade has a better track record (and a better risk/reward ratio) then the primary trade then perhaps you should be trading that trade exclusively (forget the primary trade) as MajorUrsa previously suggested.
More...

GTS,

The problem with that is the reversal trade has only happened about 3-4x in the last two months.
 
Quote from Steve Tvardek:

The reason I am grilling you on this stuff is b/c its super important to understand that there are a ton of variables to account for each and every day and, when the mkt cycle changes, then a whole new slew of variables come into play, and this is where most people end up giving away all their profits and then some. Just make sure you are prepared for a cycle change when it comes.
More...

LOL.This is exactly what's going to kill him.
After 2-3 losses he will figure out "cycle" changed, he will start tweaking the system and game is over for him. Market will tear him apart so efficiently he won't know what hit him.
 
okay i'll try not to go into an ALL CAPS FIT OF RAGE AT THE STUPIDITY ON THIS THREAD.............okay now take out your crayola's and do the jack hershey drill of drawing the zig zags and counting the points on es..........how many points did you count, 20 to 30 points and more of movement each and every day..........now lightbulb goes off and traders thing hey out the 20-30 point move if i can just make 1-2 points a day and size up I'D BE RICH!!!!!! calm down because you have and opportunity to both make or LOSE 20-30 points a day........same with 1-2 points a day, you have an opportunity to make or LOSE it everyday...........so you have to have a laser like focus on not losing money........even if you get trigger shy so what its better than going for it and taking loss after loss after loss.............know what you're doing and do no harm.......forget about the money or the points....all that does is mess up your head.
 
Come on guys, you know what has happened .... the same thing it has had happened to all of as once or twice.... :( Let's hope he learned the lesson and is still standing.
 
Quote from fearless9:

Yes that is true, there are several good products available, however the responsibility always rests with you, the Trader.

Anyway, all the best to the Traders who have read and joined into this thread.

These threads can be a wealth of knowledge to those seeking it and a wonderful refresher to those who think that they have it.
More...

+1
 
Quote from R. Raskolnikov:

Leave it to "Odd"trader to +1 a 5 year old thread :p
More...

because I've kept looking at this interesting thread for almost 5 years, as my daily routine.
 
You must log in or register to reply here.
Back
Top