Agreed 100% with scalper21 about ignoring intraday P&L. I've made every mistake possible fixated on managing an intraday balance target versus taking what the session has to offer. It's been a long time since I've watched numbers intraday... use Ninja myself, and leave the control center parked on browser.
Trading 20-lots in the ER or 50-lots in the ES allows a <b>skilled veteran intraday trader</b> potential to average +$5k per day. An average is not $5k x five days, of course. We all know that, right?
A weekly average of +$25k allows for two favorable sessions, one or two iffy sessions and one total pig where everything goes wrong. Divide by five, and there you go. I frequently make 60% to 80% of a week's profit in just one or two sessions, the others are treading water in between.
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Eminis are tougher to trade than equities in my opinion, having trading lots of each. The ER is much more fruitful than the ES, but equal measure of difficult due to the volatility & price spikes that likewise offer great reward. Can't have one without the other... we love the ER due to its volatility, and we deal with the volatility when seeking entries = holding stops.
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It does not take a huge account balance in futures to make $5k average, but it does take a balance large enough to <b>insulate one from emotional damage</b> in the midst of drawdowns. How much capital = how to balance risk is directly related to each trader's emotional balance.
Lastly, there are periods of time when extreme amounts of profit are possible and other times when recent low-hanging fruit is fermenting on the ground. Markets undulate thru periods of waning & waxing volatility, expanding and contracting ranges. Make hay while the sun shines, and preserve the nest eggs in between.
How's that for a bevy of metaphors?
Trading 20-lots in the ER or 50-lots in the ES allows a <b>skilled veteran intraday trader</b> potential to average +$5k per day. An average is not $5k x five days, of course. We all know that, right?
A weekly average of +$25k allows for two favorable sessions, one or two iffy sessions and one total pig where everything goes wrong. Divide by five, and there you go. I frequently make 60% to 80% of a week's profit in just one or two sessions, the others are treading water in between.
**
Eminis are tougher to trade than equities in my opinion, having trading lots of each. The ER is much more fruitful than the ES, but equal measure of difficult due to the volatility & price spikes that likewise offer great reward. Can't have one without the other... we love the ER due to its volatility, and we deal with the volatility when seeking entries = holding stops.
***
It does not take a huge account balance in futures to make $5k average, but it does take a balance large enough to <b>insulate one from emotional damage</b> in the midst of drawdowns. How much capital = how to balance risk is directly related to each trader's emotional balance.
Lastly, there are periods of time when extreme amounts of profit are possible and other times when recent low-hanging fruit is fermenting on the ground. Markets undulate thru periods of waning & waxing volatility, expanding and contracting ranges. Make hay while the sun shines, and preserve the nest eggs in between.
How's that for a bevy of metaphors?
