Active ES traders

Quote from joe4422:

The thing that was off was your math. 4000 rt a day would be 1 r/t more in the range of a trade every 20 something seconds. There's a bid difference between 500 miliseconds and over 20 seconds.

Your quite right. Thank you. I must have been having a senior moment.
 
Quote from EurostoxxSux:

my impression is that people here just kinda trade off of their charts and sit positions...

is anyone highly active and trades a lot all day?

Yes. Check the T&S and DOM and OTR charts.
 
I just started keeping track of the number of minutes I am in a trade, for today my shortest trade today was 22 seconds, my longest trade was just over 2 minutes.

I did just notice a pattern that I didn't know about, after placing a trade I frequently place my next trade at 3 minutes.

currently I am just saving all my trades, I am thinking about trying to get them into a database where I can analyze them for trends.

I usually don't trade the first 2 minutes after the open, but then I trade until the close.
 
one tick covers your commissions on the ES with almost any broker.

but if you really want to save on commissions you can trade the SPY and use sogo trade, they are $3 flat and as far as I know that is for an unlimited number of shares.

so unlike trading futures where you are charged per contract with sogo the larger you trade the cheaper it is.
With a large account your basically trading for free.

but the real reason I am going to switch is because the fills are much better than with any of my futures brokers.

when your scalping like I do with futures a lot of the time I am getting out flat or losing one tick.

but trading SPY most of those same trades are up 1 or more ticks.

I should say I also always use market orders, so with futures I am losing a tick but that equals 2.5 ticks on SPY. If you do enough trades that difference is huge.
 
You are exactly right, from a high volume scalpers perspective ES offers very little, between commissions and the large tick size your lucky to even come out even. If they would so choose to just drop the tick size to .10 and $10 per tick ($100) point, and drop commissions bye 50% there would be no better market for high volume short term trading...

The thing is it's not a problem anymore, we got CL now.. Just can't throw 200 lots at a time at it. Other then that it makes a lot of sense for scalpers or swingers..


Quote from daytrader2010:

one tick covers your commissions on the ES with almost any broker.

but if you really want to save on commissions you can trade the SPY and use sogo trade, they are $3 flat and as far as I know that is for an unlimited number of shares.

so unlike trading futures where you are charged per contract with sogo the larger you trade the cheaper it is.
With a large account your basically trading for free.

but the real reason I am going to switch is because the fills are much better than with any of my futures brokers.

when your scalping like I do with futures a lot of the time I am getting out flat or losing one tick.

but trading SPY most of those same trades are up 1 or more ticks.

I should say I also always use market orders, so with futures I am losing a tick but that equals 2.5 ticks on SPY. If you do enough trades that difference is huge.
 
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