ES Journal - 2015

Here's the thing about daytrading that most folks don't get-----You really only need one or two trades a day or maybe one or two trades a week. If you are using large margin of say 10 to 1 then even a 2 pt win is equivalent percentage-wise to 20 points on the underlying instrument. 20 points on the underlying is roughly 1 percent gain on the underlying. That's just 2 points. That's why many times I am shooting for 6 or 7 points. I mean daytrading is about having better returns than the market. That is the only objective.
 
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