Index futures automation
- Thread starter hilmy83
- Start date
So what are you doing different now that every day you're able to make $1k in minutes???
Edit.... and I just noticed that first you went long, and lost, but then went short when you exited the long and made it all back with a doubled up position?
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That was just a normal reverse with same position.
But if I feel like the range is tight, I might double up. Just depends on how the market is.
Do you think it's possible to make money every day as a day trader? why or why not?
It's a tough question. Obviously the opportunity is there, and you're just taking small little slices, so that makes it even more likely, unlike someone who maybe needs 30 ES points everday.
What's also good is that you have no trouble going long and short. Many guys, like during the dotcom bubble, were conditioned to only go long every morning, and sell before close. So then they gave it all back.
But I do think that people tend to have luck in waves. For a few months things are going well, but then the market changes, and its difficult to adapt, especially because you don't really know what the change might be until you can look back in hindsight. Like now for example, should people be buying dips or selling rips? This is the strategy in the ES thread mostly right now. Once it drops low enough, everyone is betting on a bounce, and for months now, this has delivered nicely.
But I can see that you aren't in trades too long, and you have no problem with reversing your direction, so I'm thinking your system is a bit more agnostic to market sentiment, and I think that is really good.
Actually, it is very attuned to market sentiment, just on a small scale.