ES first 30 mins

J

Jdesey

I'm looking for opinions on the following.
I recently decided to do no trading the first 30 minutes of the regular session. From 8:30 AM to 9 AM Chicago time.
I am now rethinking that. It seems like some of the time I'm better off waiting and some the time I would hot my first winner of the day. Today is an example of that.

You can find a lot of articles that say do not trade the first 30 minutes but I believe those articles are referring to, stock not futures.

Considering the futures trade almost around-the-clock and we have volume in trades before the 830 car. maybe I need to discard this rule.

Opinions ???
 
Jdesey said:
I'm looking for opinions on the following.
I recently decided to do no trading the first 30 minutes of the regular session. From 8:30 AM to 9 AM Chicago time.
I am now rethinking that. It seems like some of the time I'm better off waiting and some the time I would hot my first winner of the day. Today is an example of that.

You can find a lot of articles that say do not trade the first 30 minutes but I believe those articles are referring to, stock not futures.

Considering the futures trade almost around-the-clock and we have volume in trades before the 830 car. maybe I need to discard this rule.

Opinions ???
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The answer really come down to the timeframe of your edge. If you believe and can credibly replicate a trading edge within that stated timeframe, then another person's rule has little bearing on whether or not you should be trading within those hours.
 
Stocktracker said:
If Mr. Morse tells you that then you better take it to the bank!:finger:
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:D What is the point of trading futures if you don't embrace movement and volume. I heard a story last week of a stock day-trader that only traded per-market until 11am and got flat. Then he would go to a movie or the pool midday to stay away from midday trading, then come back and trade the last 1 hour and 30 min. He had a $1mm allocation at a prop firm and made close to that each year for many years. His cut was $1mm on average.
 
And this guy continues to troll.

Seriously... are you working for Baron in order to drum up business and traffic?

If you were making 6 points per day, you wouldn't be constantly tweaking your strategy. You wouldn't need to vent about one or two crappy days as all traders will have a losing day several times a month. And you certainly wouldn't be asking anyone here for their opinion. When someone is nicely profitable and they build up consistency, they just read to pass the time.
 
Gotcha said:
And this guy continues to troll.

Seriously... are you working for Baron in order to drum up business and traffic?

If you were making 6 points per day, you wouldn't be constantly tweaking your strategy. You wouldn't need to vent about one or two crappy days as all traders will have a losing day several times a month. And you certainly wouldn't be asking anyone here for their opinion. When someone is nicely profitable and they build up consistency, they just read to pass the time.
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Wow. It amazes me how people get blasted on forums. I guarantee you wouldn't talk that way to my face.
Maybe I want more than what I'm making. Maybe I want to improve.
 
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