Focusing on Just One Market

Quote from Cheese:
Focus on one market ONLY. You must get to know everything about that market's price behavior to an expert degree.
Only when prepared and once professional, play in it as a daily winner.

An accurate methodology for one market will be transferable to other markets. This is where you can move to 'machine drive' to be inexorably piling up really serious money.
:)
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Adding to my brief prescription, draw up a 'big picture' plan to outline the specific parts of your mission. Use it as your motivation to drive towards attainment of each goal, in turn, in that plan.
:)
 
Personally, I design trading systems and to limit myself to just one market would be terrible. I like the diversification that comes with multiple systems trading multiple markets.

If I were manually day trading, I would have no idea how to keep track of many systems.
 
Quote from Malinois:

... Still, I'm starting to think that maybe LESS is MORE.

Anybody's else thoughts on the matter?
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you got it, just put YM side by side with ES and you can tell they are in sync all the time, thus you can stare at YM and know that ES is doing the same move.
 
Yeah...the exhaust is leaking into the cooling system, I need a new engine...but it runs for a while before overheating...I bought that Van 8 years ago for 2k.

I am going to need to remove some money from the retirement account and buy a Jeep Cherokee.

On top of that I lost 8k in trading last month...At 47 years old 16K less around 8k for the Jeep, is not a retirement account... it is an ice cream allowance.

Thank goodness I have a Job and do not have any loans besides the mortgage.

Michael B.

Quote from ProfLogic:

Hey, ES. Sorry to hear about the minivan.
Bill
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its very simple

here are your market potentials

1) ES - large size liquidity , low voliatlity in tick size movement
moves like 40 ticks a day max

2) ER2 - small size liquidity , high voliatility in tick size movement, can move like 150 ticks a day easy

3) YM - big numbers, correlates the dow, small size liquidity, medium volatility in tick size movements.


for the index markets.
depend on what you want, choose and pick
 
just really too much info..........eyes see brain soaks it up.......mechanical system makes problems disappear...i don't allow thinking to be a factor......only see the ball in strike zone, swing.....school of fish change direction be at the front of school....
 
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