Quite amazing indeed...
The current results reflect pretty much what I expected as reality...
While the "average" of the consistently profitable ES traders is, as expected within the 1-2 pts range, with the peak of the curve on ~1.5 pts, the clear majority of the lot is either between net loss and 0.5 pts per day or right on the other end of the scale with 4.5 points+.
These latter would be non-systematic, continuous discretionary traders, short-term or scalping-based. Since they don't depend on singular kinds of setups or trading times, like systematic (based on singular kind of opportunities, i.e. either trend or reversal) or non-continuous (based on particular patterns / times) traders, they dramatically increase their opportunity rate, thus dramatically increasing their net points.
From all the discussions and opinions on ET, I would definitely expect the vast majority to be neither continuous nor discretionary, but uncontinuous or / and systems-based.
I know from own experience that clearly following a singular set of rules or a system, 1.5pts per day is pretty unexceedable. Singularity inhibits opportunity and adaptive market tracking. However, once evolved from that kind of trading regime, multiplication of those results is indeed possible, given sufficient market exposure and a long, arduous process of continuous research and slaying lots of psychological demons encountered on the way, some of the largest of them being the infamous mental ceilings.
During these times, while personally aiming for consistency on the non-systematic end of the scale, I am enjoying great discussions with both kinds of traders, to find out what makes up their thinking processes, in order to even further improve my (and their) game. There's nothing greater than communication with both kinds, since the contrast is indeed enormous, and an equally fascinating teacher.
Also, since I started this thread, I would be very greatful if my dear trading brethren (and all the others) refrained from discrediting performance figures or claims as unrealistic or the like. Everybody should be heard for what they have to say, without inhibitions caused by potential attacks of disbelief.
Basically, I would appreciate if this thread could be kept free from building irrational mental ceilings, and instead serve to lift and dissolve them, in the continuous process of evolution that we, as traders, all have to go through. I appreciate your efforts.
All the Best & Compliments,
~The Scientist
