Index futures scalping

[SunTrader]

Your questions make me believe you don't even understand what I'm trying to do. Not to mention the fact that a 30-minute chart is irrelevant to me.

Yup it must be me. Have fun.

 

[farmerjohn1324]

Hello farmerjohn1324,

Yes, I agree with you on this.

You have to take the small profits in the ES markets to calm the mental and win alot.

If you try to manual swing trade for big profits, you get the drawdown and work very hard to recover and have to think alot while in drawdown. We need high win rate to feel good day to day. Or be stress trying to swing trade for home runners and letting the winners run thinking.

It feels good to win every day of trading.

I had no problem waiting for a few days for profits to materialize, but I think this scalping could be a more profitable strategy for me long-term.

What I bring to the table that many traders cannot is a large bank account. That way, I can make a small relative percentage of my account and still have it make a difference in my daily life.

I would even consider going down from 1 point to 0.25 points.

 

[farmerjohn1324]

Yup it must be me. Have fun.

Do you want me to waste my time telling me why your post makes no sense to my situation?

It must be ME that made $3500 today.

 

[farmerjohn1324]

Sorry, but no, no, no and no.

You need bigger wins and smaller losses, not more wins than losses.
Win rate by itself means nothing (except maybe give you the illusion that you are making money, until you don't!).
Getting a high win rate is very easy (I can give you losing strategies with 97% win rate!).
The best way to make money almost every day, but to lose all at some point, is to do what farmerjohn is currently doing (but trying to solve).

I disagree. And I doubt you can prove your success.

 

[rb7]

I had no problem waiting for a few days for profits to materialize, but I think this scalping could be a more profitable strategy for me long-term.

What I bring to the table that many traders cannot is a large bank account. That way, I can make a small relative percentage of my account and still have it make a difference in my daily life.

I would even consider going down from 1 point to 0.25 points.

With all due respect, you come here for advice, and all you do with what other posters is giving you is exactly the contrary.....
I suspect that you don't want advice but recognition and respect from what you have achieved so far.
If it's the case, then good job and keep going what you do and the way you do.

Long life to all profitable traders.

 

[farmerjohn1324]

With all due respect, you come here for advice, and all you do with what other posters is giving you is exactly the contrary.....
I suspect that you don't want advice but recognition and respect from what you have achieved so far.
If it's the case, then good job and keep going what you do and the way you do.

Long life to all profitable traders.

Just because I make a post means I have to agree with every stranger that responds?

Especially when it's clear from many posts that they don't even understand what I'm saying.

 

[rb7]

I disagree. And I doubt you can prove your success.

I agree that we can disagree.
Besides, I've never said that I was successful.
And if I would be, I'd have no motivation to prove it.
I come here mainly for entertainment, not to boost my ego.

 

[farmerjohn1324]

I agree that we can disagree.
Besides, I've never said that I was successful.
And if I would be, I'd have no motivation to prove it.
I come here mainly for entertainment, not to boost my ego.

You realize the trades I'm doing have like a 99% success rate? The trade-off being the very small % return per trade.

I'll do one right now for 0.25 point gain.

 

[farmerjohn1324]

You realize the trades I'm doing have like a 99% success rate? The trade-off being the very small % return per trade.

I'll do one right now for 0.25 point gain.

Oh no I got greedy and it cost me. I opened 5 contracts at average of 3767.70, but I saw the market was in the midst of a major downturn so I set TP at 3765. It came within 0.25 points of hitting it a couple times, but it's currently at 3769.50.

I would have already won $62.50 if I stuck to my strategy. Oh well I still think I'll win. It's only been a few minutes. If I hit my TP, that's $675.

 

[farmerjohn1324]

Oh no I got greedy and it cost me. I opened 5 contracts at average of 3767.70, but I saw the market was in the midst of a major downturn so I set TP at 3765. It came within 0.25 points of hitting it a couple times, but it's currently at 3769.50.

I would have already won $62.50 if I stuck to my strategy. Oh well I still think I'll win. It's only been a few minutes. If I hit my TP, that's $675.

Lol I was in the middle of "chickening out" and moving my TP to 3766 because it had went up to 3774. But before I could edit my TP, it hit 3765 for a $675 profit.