exactly....when yo are throwing 50-100 cars at the ES
Average of 5 pt a day trading ES realistic?
- Thread starter nicbizz
- Start date
Then you are silly. If you could actually prove that let's say in the last 3 months (at least) you averaged 5 pts per day per contract a few big guys here would happily contact you wanting to back you up...
If you really can do 5 pts consistently in the long run, why would you say no to them? Even if you have psychological issues with increasing size, you could just give them signals and you would never know just how much money is behind your trades...
P.S.: If you are already trading 50+ contracts then never mind my idea...
I think 20 ES points / week is a realistic goal for the consistant ES trader.
that comes out to 4 points / week and thats definitely doable. I know a few guys that I trade w/ once in a while that are consistantly pulling those numbers.
Just b/c some of you don't see it being done, doesn't mean it isn't being done.
Give me 1-2 years and you'll see me pulling really good numbers. Right now if I grab 5-10 points / week I'm happy. Soon its gonna be 10-20.
that comes out to 4 points / week and thats definitely doable. I know a few guys that I trade w/ once in a while that are consistantly pulling those numbers.
Just b/c some of you don't see it being done, doesn't mean it isn't being done.
Give me 1-2 years and you'll see me pulling really good numbers. Right now if I grab 5-10 points / week I'm happy. Soon its gonna be 10-20.
3 is good. 5 is great. 10 is exceptional
1105 to 1110 5 point ES play on the bear TS/KS cross for your exit.
I give these tips out daily in my ES and GC journals.
This short cover was also your buy on the 5 minute this morning which is where a lot of my long positions are grabbed. Bull TS/KS cross above the cloud. Basically, anytime you see price on the other side of the cloud, it's telling us that the price has just tipped in the buyers favor. Watch the shorts cover...
1105 to 1110 5 point ES play on the bear TS/KS cross for your exit.
I give these tips out daily in my ES and GC journals.
In general, trading is half science and half art. It means you need a signal system/method and risk management skills. The signal system tells you the win/loss ratio, say, if you trade 10 times, how many wins and how many losses. The risk management part tells you the risk/reward ratio, i.e. if you are right, how many points you can catch, if wrong, how big the stop is. Once you have these two ratios, you know how much you will be able to make. By the way, it is well known 80-90% people losing money in trading futures. So you have got to have something different from the crowd in order to win. Trading is a very different animal, just by imitation like in most other professions is far from enough. Without details about your trading method, hard to say whether 5 points a day is realistic. But you can always do paper trading first to see if it is viable. Try it and collect/analyze the data, or you never know.
Only a few can do such consistently and those veterans need a lot of help from volatility to do such. However, if volatility isn't there to help expand the range...5 points per day via 1 contract only is a tough act to follow for trading the S&P 500 Emini ES futures.
Regardless, Emini ES is one of the toughest game in futures trading. Make sure you backtest your method on all futures to determine which futures trading instrument gives you the best chance at reaching your trading goals. The goal is to be profitable and if that requires you to trade a particular futures instrument you're not crazy about because it's not the Emini ES after reviewing your backtest results...so be it.
Mark
You folks obviously don't know about the art of flipping! 
Say the daily range for ES is a paltry 7 points. Of those 7 points, why couldn't you make 2 points by going long and make another 2 points by reversing short? Flip a few more times and you'll make much more than 5 points. Of course, this is more easier said than done for most of ya. My point is that, as a day trader, you DO NOT need to capture the entire range from the low to the high.
Think about that and most of your ills will be cured. I guarantee it!
Say the daily range for ES is a paltry 7 points. Of those 7 points, why couldn't you make 2 points by going long and make another 2 points by reversing short? Flip a few more times and you'll make much more than 5 points. Of course, this is more easier said than done for most of ya. My point is that, as a day trader, you DO NOT need to capture the entire range from the low to the high.
Think about that and most of your ills will be cured. I guarantee it!
Quote from schizo:
You folks obviously don't know about the art of flipping!
Say the daily range for ES is a paltry 7 points. Of those 7 points, why couldn't you make 2 points by going long and make another 2 points by reversing short? Flip a few more times and you'll make much more than 5 points. Of course, this is more easier said than done for most of ya. My point is that, as a day trader, you DO NOT need to capture the entire range from the low to the high.
Think about that and most of your ills will be cured. I guarantee it!
Did you average 5 points per day per 1 contract during 2009 in the Emini ES ???
Mark
Quote from schizo:
You folks obviously don't know about the art of flipping!
Nope, I don't know anything about flipping
Except flipping out - just rode gold from 1235 to 1247 using Ichimoku. That was my first sell signal watching the 5 minute.I also posted this squeeze two days ago in my GC journal.
Now, I'm haven't been as successful with ES using the same strategy.