Grinding it out, day after day

Ha! I have no wisdom regarding futures. If the market drops a whole bunch or goes up a whole bunch quickly on some panic, fade it, wait a few days or weeks and cover. That's about all I know about trading futures profitably.

I was buying the sell off that started in late January, and covered my last long ES contract yesterday. Bought on the way down, sold on the way up. I think I maxed out at about 6 contracts as the most I held at once, traded in and out 1 or 2 along the way. Total profit about $5500. Also sold some spy puts, which I'm mostly out of as well. Made about $4500 on those. Like I've said, I'm mostly just winging it on this stuff so I trade small.
 
Lescor

Of all the successfull traders you know, if any, do most of them day trade, and further more, do most of them automate theit trades to some extent like you?

thanks.
 
Hi Lescor,

I'm not sure if you missed this question, but it's not too much trouble, would you be willing to address it?

thanks,

Walt

Quote from jones247:

Hi Lescor,

What percentage of your trades are dedicated to Pairs Trading?

thanks,

Walt
More...
 
Quote from konviction:

Lescor

Of all the successfull traders you know, if any, do most of them day trade, and further more, do most of them automate theit trades to some extent like you?

thanks.
More...

Yes and Yes.

I don't do much pair trading.
 
Sorry for asking but what is pair trading?...when I think of pair, I think a fx pair like eur/usd... how does that relate to stocks? thanks.
 
Looks like the profitable traders in this site are mostly equity traders using high margin via prop, that seems to be the common denominator, exploiting inefficiencies in stocks.

In contrast, the e-mini traders are mostly all losers or full of crap, too efficient of an instrument yet they keep banging their heads to the wall fooling themselves.
 
lescor,
any suggestions on how to sustain change internally regarding discipline,not making the same mistakes,and staying with a plan?I emphasize the word sustain.Thanks
 
As Kenny Rogers says, "you got to know when to hold 'em, know when to fold 'em..."

Regarding trading, how do yo know when to average down (scale-in) vs. exit with the loss???:confused:

thanks,

Walt
 
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