ES Journal - 2014

slowcheetah said:
Hey Johnny, elsewhere in this thread you mentioned that you keep detailed stats, so If you don't mind i wanna ask a few questions
What's your win%, profit/loss ratio, avg time in trade, # of trades a day. How long have you been able to average 4-6 ticks a day? How long have you been trading the ES?

This style of trading seems to suit my personality, so I'm just curious how many people are actually able to pull off scalping the ES successfully like this.
More...
I've been trading the ES on/off for about 5 years... I have reasons to keep my stats private.

I can say the following... I rarely make more than 10 RT's per day and most of the time I'm done by 11 am EST unless market conditions warrant further tradable action (Fed days, etc.)

In the past I wasn't able to achieve any consistency but then I realized something that was statistically significant and I built my edge around it. The edge itself is very powerful but I still struggled for some time due to psychology issues. It's all about the edge, statisctics and psychology.
 
Thanks for replying
In the past I wasn't able to achieve any consistency but then I realized something that was statistically significant and I built my edge around it. The edge itself is very powerful but I still struggled for some time due to psychology issues. It's all about the edge, statistics and psychology.
More...

What lead up to that realization? Was it watching the market every day? Back-testing?
What is you edge based on? Is it price action?
 
So based on charts as opposed to something else like the DOM/orderflow?
If so, that's interesting.
I was starting to believe that people who claim to be able to trade consistently from charts were just make-believe/vendors/scammers etc etc.

I'm yet to find what I'd call an 'edge' from charts after about 6 years, but i'll never give up
 
That entry was actually a slight mistake on my part (criteria wasn't actually met for a trade but I wasn't really paying attention) Sure it'll be fine, though/
Target is set.
Off out for a beer. Good luck all
 
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