To an extent, how many can handle the emotional pressure of trading spy using 90:1 leverage ?
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Equity traders have proven themseleves on ET, futures traders remain a mystery
- Thread starter ChkitOut
- Start date
To an extent, how many can handle the emotional pressure of trading spy using 90:1 leverage ?
Quote from IronFist:
Word. I get the direction right a LOT on the YM but I can't stomach 30 points of noise before it actually goes. Fuck that. It's infuriating. Tall bars. I thought I was onto something by switching to constant range bars to eliminate the giant tall bars... but not really (altho it makes the chart much easier to look at because there are no more giant bars out of nowhere... but the range bars still fail because even if you're using some decently smooth value like 15 points per bar, you'll still have cases where like 3 appear at once and you can't trade that fast. So it's still an attack of the tall bars, just in a different format).
NQ is pretty much the same way, it just looks different.
I haven't even tried the ES outside of demo accounts.
There is a direct correlation between the depth the book and the amount of noise. I switched from YM to ES a few years ago and will never go back to the fake out index again.
That's a valid point but there's no difference between 1 contract and 50 shares of SPY, aside from the fact that it takes a heck of a lot less money to get that 1 contract (50:1 leverage). But, from a charting standpoint, if you are successful trading 50 shares of SPY then you should be successful trading 1 contract.
Quote from volente_00:
To an extent, how many can handle the emotional pressure of trading spy using 90:1 leverage ?
i think there is one difference that you've looked over: a multiplier of 10. 500 spy = 1 es.Quote from ProfitTakgFool:
That's a valid point but there's no difference between 1 contract and 50 shares of SPY, aside from the fact that it takes a heck of a lot less money to get that 1 contract (50:1 leverage).
Quote from Spydertrader:
Under the standard set, a profitible futures trader would need to 1. have visited ET, 2. during their visit, located the P & L Thread, 3. have a desire to post their blotters, 4. and care what others think with respect to their own ability to profit.
In the real world, the numbers of individuals who meet this standard represent far fewer people than those who actually profit from trading and do so for a living. So you see, by using these arbitrary standards, the OP has actually reduced the opportunity to locate the proof they seek.
thanks spydertrader for taking the time to post an intelligent answer..
Quote from ProfitTakgFool:
But, from a charting standpoint, if you are successful trading 50 shares of SPY then you should be successful trading 1 contract.
unfortunately it's not the chart that trade, it's the trader's brain....so put leverage in the picture and trading 50sh is different from trading 100shares and trading 1 contract is very different from trading 2 contracts...
Quote from Instant Karma:
unfortunately it's not the chart that trade, it's the trader's brain....so put leverage in the picture and trading 50sh is different from trading 100shares and trading 1 contract is very different from trading 2 contracts...
It's not the chart that trade, it's the trader's brain... The only part of your post that is true.
Trades are not entered based on leverage (an argument can be made that trades may be exited based solely on (over)leverage however)... Which brings about my point. Leverage is a risk management tool. What is deemed as excessive risk (aka greed) is what causes fearful brain activity. If/when it is believed by the trader that he/she is properly funded for the trade size, leverage does not cause fearful brain activity. Like the hedgies nowadays. An imbalance of greed with a sense of immunity, overtaken by fear.
When you trade consistently well (whatever that means for you) because trading well consistently is what you do, a trade is just a trade. In this case, size is not important, leverage or no leverage.
Osorico
Here is the beauty of trading the ES. In days gone by i used to trade the BIG SP500 car over the phone when a single handle was worth $500.00. Those days were before futures trading was electronic, stocks went electronic before futures. There you were, a small fish at the mercy of the "LOCALS".
Forget limit orders, market orders were the only way to travel if you wanted to know where you were as a daytrader because fill reports were NOT reported back to you in a reasonable amount of time unless you were a BIG shooter.
The pit local yocals were not the most friendly pals of yours when you were dealing with a small account and they were members of the exchange. (READ, membership has perks). Get the picture?
Ok, lets move on and progress to when electronic trading was the norm. Good Grief Charlie Brown, how easy could they have made the game for the small trader? I mean it was like penyies from heaven compared to being a sucker throwing in MKT orders to the sharks. How easy was it now? Holy cow, you actually could use orders that were "REALLY" filled when price moved through your limit order compared to getting a fill report an hour later when price retraced back THROUGH your actual fill and now you have lost a couple grand and the phone rings telling you your order was filled. You get the picture, correct?
Thats why i stuck with futures trading after stocks because i was in agreement with a pundit here and there that electronic futures was a coming to you.
The rest is history. Electronic trading made the game extremly better for the little guy. The small trader had a fighting chance with his/her own individual gameplan.
Lets face the truth, many that have tried and failed are the ones that say it is impossible to win at ES, or NQ. That is a copout of "SELF" when after losing miserably they come with a dozen reasons why the ES, NQ can not be conquered.
When those that "tried and failed" make statements about how the game is rigged and caqn not admit to themself they bombed out .............i just smile and look forward to the next trading day as a simple "KISS" oriented daytrader knowing full well there is always a new crop of fools to keep me smiling.
Thanks losers, thanks a lot.
PS: spydertrader should pick up on a couple misspelled words because he in his heart knows i am a super trader and my claim that " a change in price is the call to action and volume is the REACTION" is 100% correct and spelling or grammer is all he can pick on me for. hahahahahah
Forget limit orders, market orders were the only way to travel if you wanted to know where you were as a daytrader because fill reports were NOT reported back to you in a reasonable amount of time unless you were a BIG shooter.
The pit local yocals were not the most friendly pals of yours when you were dealing with a small account and they were members of the exchange. (READ, membership has perks). Get the picture?
Ok, lets move on and progress to when electronic trading was the norm. Good Grief Charlie Brown, how easy could they have made the game for the small trader? I mean it was like penyies from heaven compared to being a sucker throwing in MKT orders to the sharks. How easy was it now? Holy cow, you actually could use orders that were "REALLY" filled when price moved through your limit order compared to getting a fill report an hour later when price retraced back THROUGH your actual fill and now you have lost a couple grand and the phone rings telling you your order was filled. You get the picture, correct?
Thats why i stuck with futures trading after stocks because i was in agreement with a pundit here and there that electronic futures was a coming to you.
The rest is history. Electronic trading made the game extremly better for the little guy. The small trader had a fighting chance with his/her own individual gameplan.
Lets face the truth, many that have tried and failed are the ones that say it is impossible to win at ES, or NQ. That is a copout of "SELF" when after losing miserably they come with a dozen reasons why the ES, NQ can not be conquered.
When those that "tried and failed" make statements about how the game is rigged and caqn not admit to themself they bombed out .............i just smile and look forward to the next trading day as a simple "KISS" oriented daytrader knowing full well there is always a new crop of fools to keep me smiling.
Thanks losers, thanks a lot.
PS: spydertrader should pick up on a couple misspelled words because he in his heart knows i am a super trader and my claim that " a change in price is the call to action and volume is the REACTION" is 100% correct and spelling or grammer is all he can pick on me for. hahahahahah
Quote from ProfitTakgFool:
I will not trigger unless the market has gone to a new high, where I will go short or to a new low where I will go long. The reason for this is.....<i>because that's where the stops are.</i>
Are these the only entries you take during the day? Is this just in the current trading enviorment or do you change your entries as the market changes? And are these entries just during the morning hours? Thanks for any answers.