ES Journal - 2019/2020

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hafez50 said:
Probably trained and tried to help learn to trade at least 200 guys . I've seen at least 30 guys trade futures like that and not a one made money over time.Sure during crazy times like now that would but eventually the chop would get them . Think about flipping 5 es back and forth all day. Throw in slippage, and wrong trades . Throw in $300 to $500 a day of commissions . Hell i've tried it a few times . Just my observation . But maybe flip's a unicorn . lol
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You never know but it's a tough way to go.
 
Hey there's always a unicorn . If it told someone i've done this for 31 yrs full time few would believe . So maybe Flips a unicorn . But i do know with that strategy you got to know days like today are tough flipping days and more buy the pullins long and hold a little while. I guess what i'm saying new traders watching him he should have a warning" Don't try this Please"
 
hafez50 said:
Hey there's always a unicorn . If it told someone i've done this for 31 yrs full time few would believe . So maybe Flips a unicorn . But i do know with that strategy you got to know days like today are tough flipping days and more buy the pullins long and hold a little while. I guess what i'm saying new traders watching him he should have a warning" Don't try this Please"
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How many of the 200 went on to make consistent money long term?
 
NQurious said:
I tried to be clear I wasn't meaning to be critical. Just comparing flipping to sitting
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I didn't see your comment - I was responding to Hafez. :)

FWIW - I have no problems believing what he's saying though. I think the easiest money is made trading with the trend and only trading 'counter-trend' when it's a good sized reversal as can happen on days that are more range bound than this one.

But in theory, if you could flip positions and continuously being in the market - that's actually the most profitable way to make money as the sum of the moves always are greater than the trend.

But I'd venture to say that it's something that would be very hard and even impossible to accomplish in practice.
 
Bingo Laissez. On paper looks great but in the real world its super super tough. When your ripping back and forth all day how many times do your emotions come into play ?Oh crap it went against me i'm out . Then it reverses your way. Your on the edge of your seat all day long .If one can do it consistently and make money i'm amazed. In addition i don't want to be on the edge of my seat all day flipping. Tough ass way to make a living .
 
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