Quote from saxon22:
Lescor, I understand that you do not trade ES on daily basis. However, since you are in the business, what do you think would work when tackling the ES? How would you approach the futures if you had to make it a go? How do the big boys do it? What in your opinion is the missing link to profitsbility in the ES?
Throw as a bone!
with respect to lescor's thread and focus, if I may...
the key to profitability in ES or any futures market is simple, easy and has been expounded upon publicly, time and time again.
retail traders with modest to moderate accounts must target profitable swings that cover several index points' relative to risk stops that are 1/2, 1/3 or even 1/4 the targeted profit size.
that means some method of filtering overall price direction and riding it when direction exists. that means accepting net-loss days when direction does not exist.
the key to profitability in ES or any futures market is simple, easy, expounded upon time and time again... but it's a message that falls (for the most part) on deaf ears because the ears don't want to listen.
The majority of futures traders want to play emini-nintendo, banging in & out of the market dozens of times daily with fantasies of scalpy profits and nil losses. So the majority of futures traders cater to their fantasies, repeatedly fail and continue to pound their heads against cement ceilings until they give up and walk away.
lescor is a shining example of what profitable traders do: they have controlled loss days overshadowed by large-win days that push the week profitable more often than not. how simple is that lesson for all of us in this profession with zero exceptions... including the OP himself?
