Average points being pulled from ES NQ?

[YYNOTT]

You wouldnt believe my strategy, some days I break even. I have been able to scalp quicker with the Xtrader software, I was unable to do this before.

This software is WICKED. I will do 20-30 Roundtrips no problem. Cut losses like an ugly girlfriend.

 

[Thunderdog]

Quote from ElectricSavant:

oh Dominic....What to say here....If you have found something that works for you then keep doing it. I find that when I want to expand my horizons, I start another Brokerage account and trade it separately. I just keep adding instruments and finding a time zone to trade in.....little time for sleep while holding down a full-time job to boot.

I pull 31 NQ points/contract weekly with swing trades 3-19 days holds. (entry's and reversals done at 15:14cst about 3 times a month)

I pull 19 ZB ticks/contract weekly with 1 trade per day strategy(7:20am - 8:10am cst)

I pull 10 ES points/contract weekly with AM chat room trades(8:30am - 10:30 am cst)

I pull 04 ES points/contract weekly with a 15 min/day strategy(this overlaps with chat-room trades- 8:30am - 8:45am cst)

I find that trading and expanding is a time problem for me. I like to expand and diversify as my accounts grow. I feel that by diversifying I educate and challenge myself.

If I were to just swing trade 3 times a month I would not be a trader. I find it necessary to satisfy my urge to trade with those other instruments.

I am a NQ swing trader that works full time and my passions for trading come from the days I was a CTA trading other peoples money(I am no longer an active CTA). I trade in the first 2 hours in the morning from California before going to work.

The instruments I am investigating for night trading after work are DAX. This first 2 hours opening (midnight for me) is troublesome to me due to its wild nature. I am having trouble to figure it out. but being the Savant that I am....I will stumble on to something....

Michael B.

P.S. Does somebody know a Dax chat room in english for the first two hours? To help me learn?

ElectricSavant,

If you are making almost $2,000 a week trading only 1 contract in only 3 different markets (2 of them being mini contracts), why are you not devoting your time fully to either trading for yourself or managing a fund? By now, you must be up to several contracts per market.

Unless you are a successful tort lawyer, your time is being misspent in law. Surely the practice of law itself is not the draw. I have crossed paths with several lawyers when I worked in banking as well as in 2 personal lawsuits I had launched several years ago. I don't remember any of them appearing particularly happy or content. (In fact, forgive me, but I found almost all of them to be morally bankrupt opportunists who wrapped themselves in a warm blanket of self-righteousness. But that's just my opinion.)

I think that relatively few lawyers are actually making our world a better place to live in. Perhaps I am being too cynical, but it seems that the law's main draw is money and recognition. Based on the the performance numbers you cited, you could have much more of both if you devoted your time fully to trading. Besides, aren't law firms known to work their partners as well as their associates? Where do you find the time to both trade and post 1,500 messages a year here? With the exception of lower-paid corporate in-house counsel, lawyers are not know for having lives.