lol I have to admit that part was funny ;-)
how to start futures trading (emini)
- Thread starter kashili
- Start date
lol I have to admit that part was funny ;-)
I hear you, but I suspect not, this time: I think he's probably exactly who he says he is - as well as very arrogant and opinionated, and apparently with no suggestion of anything that might come across as an apology or retraction when he's totally misunderstood something fundamental and been rude to others, himself, on that basis.
I think rude is to assume my prints are fake ... Simulations prints lol
And rude is to say 6k does not work and does not explain why. Just because it looks good to say.
And on top of all rude is to say : "you will fail" not explaining why
But ok ... you can rest this is my last post . I already understand the 6k issue.
tchau
And rude is to say 6k does not work and does not explain why. Just because it looks good to say.
And on top of all rude is to say : "you will fail" not explaining why
But ok ... you can rest this is my last post . I already understand the 6k issue.
tchau
Then just DO it! Take $6K and trade it for real! And see what is or is not! What can you not understand of this? If you have the faith in your system, then just DO it! Sheesh!
I have come to realize that anyone wanting to day trade the ES with a small account has to go through their own learning curve. It usually takes a lot of pain and time for a trader before they hit their stride. No intervention can change this - even when you explain how they need to make at least 100-200+% just to break even from the expenses of day trading and how HFTs prey on weak hands (tight stops don't stand a chance), etc. Backtesters often over look the round trip slippage which on the ES is $25 (one tick in & another tick out). Futures trading transfers $ from the many to a few.
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6K is more than enough to make money. But you are missing 1 very small detail: this is only possible for a very experienced and proven profitable consistent trader. So that excludes you (at least at this moment) and also over 90% of all people in the world.
Simulations have no value at all and are a waste of time and energy if they do not reflect correctly what would happen in real trading. In your case the simulation is totally worthless.
A Sharp ratio of 3 or higher is considered excellent. You show a Sharp ratio of over 5000!!! That value is at least 1000 times higher than the best ratios of the best traders in the world. You have no clue what trading is all about.
like I said that was a special night that I did not even consider in my statistics. That was a moment of trading (about 3h) in the elections night that ES went all the way down like never before... and I "short it" all the way down ... the market was so volatile that I would never use real money .. and never would use more than one contract
How can you take metrics of one small moment that went well ?
I have just put that print to show that I was with one simulation account of 2k (like I always set it...)
In my bet exchange work One time I was lucky to catch one bug bot that was giving money in one impossible result (I had one of the biggest green of my live) will I consider that in my performance ?
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The fact that you don't even realize that you could never trade it in real life, the fact that you don't question the huge rate of winning trades, the fact that you don't find the sharp ratio "a bit high"(over 5000???) and many other things, show that you have no clue what trading the ES is all about.
In three hours you did 536 trades, that's 1 trade every 20 seconds? So you made very, very small profits per trade, maybe even smaller then the slippage. Which means that in fact you probably lost money.
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Again... I know it was a special moment but it was what it was ... lol
Yes I made lots of "clicks" (there was 11k in commissions... ) when I saw that trump wins and before ... and I was already inside when it starts to go down (I was monetizing the votes counting in a place that information comes first than news or normal sites... ) ... every time I made a click (one or more) to short it I update my stop loss that was higher ... if you go over your "budget" account in simulation NT does not let you place more orders ... meaning it would have been possible.
I am used to do many trades in sports betting .. I do 200-300 trades in 2h average trying to win ticks (that is how it works in sports exchange ... (..commissions are different... )).
Just one question for you : have you ever trade in ES? and if so, ever you ever use ladder view (market depth) to monitorize tick by tick (like real day traders do)?
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lol I did not make small profits per trade .. I increase the force of my position and update the stop loss ... like an increasing trailing stop ... when it stop to go down I close the majority I left open ...
Some times I close somes (decreasing the "force" ) in the middle of the trade thinking it would stop to go down ...