ES Journal - 2023/2024

Laissez Faire said:
10x seems like an exaggeration.

I've googled the hell out of this question (NQ vs ES) and the preferences I find from other players seems to balance out fairly evenly with some preferring either for various reasons.

I also did my own preliminary research and have done some testing:

Which markets or instruments are you trading?

I think my own test-trading coincided with a period where NQ greatly outperformed ES with very strong one-way momentum moves, but I don't think this holds true long term.

Sure, overall, it does offer considerably more bang for the buck, but I find that just like ES it seems to also get stuck in ranges where it's very noisy and with plenty of back-filling/retraces. I tend to find that ES behaves a bit more predictably and orderly where NQ in comparison may overshoot a bit and be more loose. On average, NQ probably offers better R/R ratios and more opportunities on any given day, though.

With the current volatility, I'm happy to stay with ES as that's what I know, but if volatility should completely contract at one point, I'm sure it would be necessary to migrate to NQ then.
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It doesn't really matter overall to me. Currently trading NQ/MNQ mainly but trading MNQ/MES/MCL and in the future will be trading YM and RTY as well, it's just without some help from automation I am information overloaded trying to trade more than 1, 2 max at a time. Just can't add up all the time frames and information in time to get highest probability trade. Sure that isn't necessary and I can just use a few charts, but I am here for max consistency and exponential gains. ES, just in general seems like the most difficult one for me, but that could be more of a time thing for my brain, as oppose to actually being that different. It really isn't objectively, although for me the higher your understanding is and the more aggressive you trade, NQ is the superior vehicle, if nothing else than just my opinion.
 
been having fun with the ym whilst waiting for the ES buy to come back into profit lol

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