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!
Good theory, if you ignore all the laws of math and statistics. This is about aa strong an argument as "why doesn't everyone get rich. Look at all that volatility and all that leverage. All you have to do is..." or a similar one to gambling...
