Quote from austinp:
let me rephrase that: imo I'm skeptical that anyone but super-human traders such as bighog could average +1,000 to +1,500 cents per CL contract on a monthly basis over time... say a year or three straight.
that would require max effort and performance without relent straight thru without respite
in my case, I'm past the point of caring about pushing for max performance every moment of every day. there is a reason that all professional traders push contract size and not every last available cent per day.
lastly, not everyone is a superhuman, super-skilled trader. but that doesn't mean they have no hope for some measured success. easier to average +20 cents per day on five contracts than it is to average +100 cents per day on one contract
now that part there is nothing more than good ol' common cents
Answer to me why a good trader can not average 100 ticks a day in CL , notice the KEYWORD, average. Market conditions matter.
Peak performance is never a goal for traders, there never is and never will be peak performance. Sizing up and thinking that is the answer is a myth, sizing up from poor performance only leads to what?
Truth be known, it would be harder to average 20 cents a day than it would be to average 100. WHY?
The answer is easy, the trader seeking only 20 cents a day would be a scared trader, no one wins trading scared. Say you get 20 and quit as you say. That is a plan? Joking right? There is no trader than can plan on only 20 because that in fact is an admission of self defeat, it is saying to self "i can by luck only get 20 and call it good". Are you sure you can be lucky every day? The trader that sets out to have a goal of 100 cents a day as an average has a well thought out plan of attack, period.
Lets say you do get a string of 20 ticks a day, say a week or even 2 weeks, is that going to give you the moxie to size up?
Any trader, even non super duper traders can size up, thats easy. just click the mouse. The real question to ask yourself is: DUHH, if i can get 20 why can't i just get 40? The answer is you cant get 40 because in your mind you know you are trading on osmosis only and only going for 20 means you will never recover from the days you "WILL" lose 60 trying to recover to get that snake eyed 20.
OK< done, no rebuttals, i have work to do. have fun folks.
Sidenote: CL is not main squeeze, ES still holds the fort down , she has been acting right again, once QE@ is past the FED hopefully will be out and we can get back to regular stock index swings intraday. The Lion is waking up.....
http://www.youtube.com/watch?v=3Tp7YJUpKFg&feature=related