Breaking the Pattern Day Trading Barrier

I just bought the Micro E-mini Dow @ 33933 and sold it @ 33939 for a $3.00 profit, indicating that each unit, as I conceptualize it, is worth 3 ÷ (33939 - 33933) = 3 ÷ 6 = 50ȼ.

upload_2021-7-19_18-9-48.png


I just bought the Micro E-mini Russell @ 2144.7 and sold it @ 2146.2 for a $7.50 profit, indicating that each unit, as I conceptualize it, is worth 7.5 ÷ (2144.7 - 2146.2) = 7.5 ÷ 1.5 = $5.

upload_2021-7-19_18-39-38.png


So far, the platform has not allowed me to trade the Micro E-mini Nasdaq or the Micro E-mini S&P 500, stating that I am entering an "Invalid S/L or T/P."

upload_2021-7-19_18-43-50.png


If the prices printed on the charts are referring to what I think of as units, then the S&P is worth $5 and the Nasdaq is worth $2.
 
Last edited:
I just bought the Micro E-mini S&P 500 @ 4269.00 and sold it @ 4269.50 for a $2.50 profit, indicating that each unit, as I conceptualize it, is worth 2.5 ÷ (4269.50 - 4269.00) = 2.5 ÷ 0.5 = $5.

upload_2021-7-19_23-59-51.png


I just bought the Micro E-mini Nasdaq-100 @ 14631.75 and sold it @ 14636.25 for a $9.00 profit, indicating that each unit, as I conceptualize it, is worth 9 ÷ (14636.25 - 14631.75) = 9 ÷ 4.5 = $2.

upload_2021-7-20_0-0-42.png


Micro E-Mini "Unit" Value Summary:
Dow 30 = 50ȼ
S&P 500 = $5
Nasdaq-100 = $2
Russell 2000 = $5

E-Mini "Unit" Value Summary:
Dow 30 = $5
S&P 500 = $50
NASDAQ 100 = $20
Russell 2000 = $50
 
Last edited:
SYMBOLS:

Micro E-Mini "Unit" Value Summary:
MYMU21 Dow 30 = 50ȼ
MESU21 S&P 500 = $5
MNQU21 Nasdaq-100 = $2
M2KU21 Russell 2000 = $5

E-Mini "Unit" Value Summary:
YMU21 Dow 30 = $5
EPU21 S&P 500 = $50
ENQU21 NASDAQ 100 = $20
RTYU21 Russell 2000 = $50
 
SunTrader said:
Ok so then you are not trading futures from the CME - but so other hybrid wackily denominated exchange. I misunderstood that. Nevermind.
More...
You lost me on that. I have the same demo data (MT5 from AMP) that Expiated is using and it is matching my CME data on Sierra Chart.

I'm not sure what you are referring to unless it's the way he's using unconventional units, his own way.
 
studentofthemarkets said:
You lost me on that. I have the same demo data (MT5 from AMP) that Expiated is using and it is matching my CME data on Sierra Chart.

I'm not sure what you are referring to unless it's the way he's using unconventional units, his own way.
More...
Last time I checked 5x5 is still 25.

But beats me expiated liked my post so ...........?
 
studentofthemarkets said:
I was just concerned expiated might think his data feed was off.
More...
I DID think my data was off. Theoretically, when I divided my profit from trading the E-mini Dow by the absolute value of the difference between the entry price and my take-profit target, I should have always ended up with a quotient of $5. But instead, if you look at the figures in Post #108, you will see that using those numbers I instead got $6.25, $5.00, $5.26, and $5.00.

However, the problem was quite simple...

Unlike the S&P, NASDAQ, and Russell, the Dow trades were not always filling my orders (i.e., exiting their respective positions) exactly at my take-profit target. There was "slippage" if you will, and consequently, what I should have been doing was using that second Price, which reflected my actual profit, in which case, the quotient would have always come out to be $5.

:confused:.Duh!!!.:banghead:
 
Last edited:
expiated said:
...what I should have been doing was using that second Price, which reflected my actual profit, in which case, the quotient would have always come out to be $5.

:confused:.Duh!!!.:banghead:
More...

Which is what I explained to you and you would have seen, had you not had me on ignore. Could have saved yourself a world of headache. There's that /ignore function, helping traders all around the globe.

Look dude, I have been following and trading futures for over 7 years now, pretty much every day. EVERY DAY. You want to get into futures, you can do an "ask me anything" thread. Of course, you won't do that, because.

A. You have me on ignore because I called you out on the compounding fraud...

and B. You are struggling so hard to find a profitable method, you do not know where to turn. That is why you have 28 separate journals in the journal section.

I have ONE journal in the journal section. You know where you can find it. I was working a sim journal in the Psych section, but realized that it was pointless.

So if you want to get into futures, ask me anything. You will only see this post by the grace of others letting you know I have responded here.

It seems Baron has changed the parameters of the /ignore function, because in the past a user ignored could not see the posts of the user who did the ignoring. That has now changed. Now I can see the posts of the person ignoring me, and so I am talking to nothing.

That little change has made it a whole lot worse. I have been wasting my time here. The /ignore function is the devil.
 
Last edited:
expiated said:
I DID think my data was off. Theoretically, when I divided my profit from trading the E-mini Dow by the absolute value of the difference between the entry price and my take-profit target, I should have always ended up with a quotient of $5. But instead, if you look at the figures in Post #108, you will see that using those numbers I instead got $6.25, $5.00, $5.26, and $5.00.

However, the problem was quite simple...
.........
:confused:.Duh!!!.:banghead:
More...
It happens.

Like I said CME website clearly explains tick size also known as minimum price movement.

But just think though Dow is the easy one moving in whole and not fractional points. :)
 
You must log in or register to reply here.
Back
Top