Es profit on 1/4 point can it be done? Part II

Quote from WD40:

I am not trying to incite you to be reckless.
I do not wish you to lose money, not one person who ever replied to you (in both threads) wished you to lose money, not even $1.
If you read between the lines again, you might sense that I am being pyscastic. My hidden message is really the same as swingnfade -- Walk away. But I know you won't like that message, and I don't think you will listen. Most of all, I am not qualified to tell anybody to walk away.

I, like many others on this board, do like to see you come back with a journal when you go live. Despite all odds, we like to hear a story of success. Especially when someone who can think out of the box and beat the establishment.
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Then you should have stated your point of view from the beginning. If you feel I should walk away then say so. End of story. As I stated before the 1/4 point is sort of "my" take on the market. I am sane enough to know that for real life trading I better stick with proven methods that have worked for others and that have proven to be successful on the sim. Never did I state that when I start trading with $$$$, I will do so recklessly and experiment with untested and harshly criticized method. I may be adventurous but I am not suicidal. Discussing a hypothetical system and trading it are two entirely different matters.
As forthe journal, sure, let me just knot few loose ends and as soon as I am ready (end of March), I will go live and post my trials and tribulations for all to enjoy, envy, ridicule and hopefully to positively contribute.
 
saxon22,

Long ago, Mark Twain said: “A man who tries to carry a cat home by its tail will learn a lesson that can be learned in no other way.”

IMO, the same can be said about intra-day trading of index futures for such small targets. The lessons that need to be learned cannot be learned from another. The only way for you to discover the truth of what you have in mind is to open a small real futures account and start trading a single contract. That is also the only way to come into contact with your own emotional Gremlins that will dictate your behavior once you have a position on.


On another note, would like to mention that I completely agree with the idea of trading ES in 100 lots on the simulator. No point in being stingy with the butter if we are baking an imaginary cake. :)

Good luck to you.
 
Quote from nmeds:

Saxon22 is an ignorant racist that despises anyone of color... he'd look good under the steam roller
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No, I just despise you, regardless of color. :D :D :D :D Now, how do I dispose of your post?
 
Quote from gnome:

"Scalping for quarters" in the ES is like trying to pick up dimes in front of a steam roller.
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Are you saying that nobody in the industry is presently doing it????
 
Quote from ForrestGump:

saxon22,

Long ago, Mark Twain said: “A man who tries to carry a cat home by its tail will learn a lesson that can be learned in no other way.”

IMO, the same can be said about intra-day trading of index futures for such small targets. The lessons that need to be learned cannot be learned from another. The only way for you to discover the truth of what you have in mind is to open a small real futures account and start trading a single contract. That is also the only way to come into contact with your own emotional Gremlins that will dictate your behavior once you have a position on.


On another note, would like to mention that I completely agree with the idea of trading ES in 100 lots on the simulator. No point in being stingy with the butter if we are baking an imaginary cake. :)

Good luck to you.
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It is interesting that you are brining MT into this thread. as I re call, MT was not the one who would think like the rest of the crowd. He was an individual and saw matters rather differently than his peers for which I might add he was ostracized. I guess some things never change do they?
 
Quote from nmeds:

Umm you could flush it down the toilet along with any money you try to trade your system with :p
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Look, can you find yourself a new boyfriend? I am really not interesting in having semi-illiterate dialog with an intellectual of your caliber. You are clearly above my level and I bow to you and your intellectual prowess. Now, can I move on and never hear from you again? :D :D :D :D :D
 
Quote from omniscient:

you won't be first in line. no matter what the current market price is, there are always resting orders on either side for several points (i.e. much more than the five deep everyone sees). i uploaded a spreadsheet illustrating what happens.

you'll have your market price (1400 in the spreadsheet) and then five on each side (so 1400.25 to 1401.25 offers and 1399.75 to 1398.75 bids). then you have resting orders extending well above and below viewable depth.

if you can put an order 1 tick outside of viewable depth, anyone can do it.

also, to really make scalping a viable method, retail brokers won't be able to compete with leasing a seat.

hth
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If the positions on the DOM from your xlm sheet are correct, then why don't they show up on my DOM? How come I see some positions (aside from the obvious 5 up and down from bid/ask) on my DOM but not all??????
 
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