Es Daytrading

Quote from jaytrader100:

please i have been trading futures for ten years.. you guys are totally missing my point.. I am talking about trends and tradign those trends in stocks like RIMM , AAPL, drys, big etc... comparing uso was a mistake on my part.. serioulsy the moves in stocks are much easier to see and follow than the es.. hands downnnn.

I am no jester my friend.. but believe whatever you want.. I guarantee I hae traded more contracts in some weeks than you h ave donen in months.. I don't give a rats ass about ROI.. becasue it boils down to which one gives you the most consistent profits.. anyway i figured no one here had a good answer.. waste of time as usual.. have fun flipping and sweating one lots.. for peanuts.
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You are absolutely right about consistency being paramount. And ROI on one day of trades means absolutely nothing, but ROI on weekly, monthly and annual perfomance means everything (i.e. size AND consistency of ROI = success).

You asked a question, to which you seem to already have the answer (that daytrading stocks is better than daytrading futures). I have not daytraded stocks for more than 5 years, and the last one I daytraded was the QQQ, which doesn't move the same as a regular stock anyway.

I would be glad to participate in further discussion about daytrading stocks vs. futures, but it's probably best done on another thread. It's a worthwhile endeavor, and would probably draw quite a few participants, so why don't you start a new thread?

P.S. If you're serious about having a civil and productive discourse, stay away from the "mine is bigger than yours" high school locker room talk. You really have no idea how much size any of us trades, and it just misdirects discussion away from meaningful content (unless that's your intent). :D
 
In attachment you can find my homework for monday.
timeframe 30 min.


legend:

colours - meaning
__________________
green - long signal
red - short signal


width - timeframe
__________________
big - montly/weekly
medium - daily
small - last 3 days

I will be very glad to receive from all of you your appreciate comments.
thks
 

Attachments

SELL: 1399-1400 area, 1.406-07 area, 1.415+- a 1.420+-

BUY: first test 1391+- is Buy scalp, 1.387-88 area , 1.377-78 area and BUY SWING is 1.370+-
 

Attachments

Quote from vectorC:

B.E. + Time stop 1,5 p. + 5,5 p. profit ( per contract )
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Oh sure......

1391 was your first entry....best it moved was +.5, before price fell right down to 1389.

1387-1388 was the second entry. When the ES price first traded in that price range, there was no possible entry that you could have taken that would have given you +1.5 from your entry price. Even if you took the low of your stated entry range (1387) the highest it bounced from 1387 was 1388, which would have only netted you +0.75 (since price only touched 1388.0).

Sorry, but the BS meter is pegging the red zone.

Yes, your third entry zone (1377 - 1378) nailed the low of the day, but your first two entry areas were complete failures.
 
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