Inventory Grab Alert 4/30/09!

[Michael.jstocks]

Quote from Ken More:

At the risk of being ridiculed by all the losers, I will tell you honestly I haven't tweaked my trading system for ES for over 7 years and have consistantly made an average of 10 pts daily. So now you know... There have to be thousands of others doing the same but not here on ET.

What does demo trading do for you? Without the FEAR of losing REAL money or watching a profit turn into a loss you don't know how you will really perform.

Finally, like Buy1Sell2, I too think volume is irrelevant and dismiss "divergence" as a false premise like Bill Eckhardt (Richard dennis protege/partner).

thanks.
Wasn't expecting a 'proper' answer from you from what others have told me about you. Pleasently suprised.
For what its worth, when i say 'demo trading' i am referring to real money but in small size, and so I am aware of the 'emotion factor'. I will only increase my size marginally when i 'go live' -
Ive made an average of about 6ES points per day for quite a long time now.

Back to the question - any other input from anyone? I hear it all the time and i want to get to the bottom of the 'constantly changing market' idea etc...

 

[Whisky]

Quote from Ken More:

At the risk of being ridiculed by all the losers, I will tell you honestly I haven't tweaked my trading system for ES for over 7 years and have consistantly made an average of 10 pts daily. So now you know... There have to be thousands of others doing the same but not here on ET.

What does demo trading do for you? Without the FEAR of losing REAL money or watching a profit turn into a loss you don't know how you will really perform.

Finally, like Buy1Sell2, I too think volume is irrelevant and dismiss "divergence" as a false premise like Bill Eckhardt (Richard dennis protege/partner).

You can't win. You can't breakeven. You can't stop playing. You can't stop coming back here for proper retribution.

http://www.youtube.com/watch?v=ISl-3xI4FXg

JW

 

[Whisky]

Quote from Michael.jstocks:


Ive made an average of about 6ES points per day for quite a long time now.

If this is true, and you can psichologically increase your size, then you can make a very large amount of money in a very short time. Since the market can take 1-2 lots as easily as it can take 100-200, or even 500-1000.

Again if the above is true, then you are in the top 1% of traders in the world, or perhaps in the top 0.1%.

Furthermore, if the above is true, you do not need any advice or opinions or approvals/dissaprovals from ET or any other forums.

You can prove the above statements to yourself and lead a pleasant and abundant life. You don't even need to increase your size too fast.

Go for it.

JW

 

[sosueme]

Quote from Whisky:

If this is true, and you can psichologically increase your size, then you can make a very large amount of money in a very short time. Since the market can take 1-2 lots as easily as it can take 100-200, or even 500-1000.

Again if the above is true, then you are in the top 1% of traders in the world, or perhaps in the top 0.1%.

Go for it.

JW

I would agree with you on this.

6 points daily would enable a trader to steadily increase size and so 6 pts at 100 lots would yield very close to 30,000 dollars net each day.
This would put the Trader in a very different position both financially and physiologically to the person who asked the question
"What does the 'change and adapt' bit mean out of interest? "
This is an example of what I mean by an ET Trader.
sosueme

 

[jmonday]

[/QUOTE]
Ive made an average of about 6ES points per day for quite a long time now.
[/QUOTE]

This is impressive, how long have you been making 6ES points on a daily basis for?

Do you have any tips to your success!?

 

[Michael.jstocks]

Quote from Whisky:

If this is true, and you can psichologically increase your size, then you can make a very large amount of money in a very short time. Since the market can take 1-2 lots as easily as it can take 100-200, or even 500-1000.

Again if the above is true, then you are in the top 1% of traders in the world, or perhaps in the top 0.1%.

Furthermore, if the above is true, you do not need any advice or opinions or approvals/dissaprovals from ET or any other forums.

You can prove the above statements to yourself and lead a pleasant and abundant life. You don't even need to increase your size too fast.

Go for it.

JW

Its is true. I've been demo trading and trading live but with small stakes (i live in ireland where one can 'spreadbet' at stakes of the equivilent of $1 per ES contract) for a few years, and over the last 4 months or so have averaged about 6 points per day.

That's why i made my initial post. Everytime i think im getting somewhere i read someone talk about how the market is always changing and pretty soon whatever method you are using will stop working. Drive me nuts and gets me depressed! lol

as far as a 'pleasent life' goes - getting rich from trading has never even entered my mind. If you were a magic genie and offered me about minimum wage for the next 5 years for my trading efforts i would bite your hand off. Guaranteed Minimum wage would be just fine if it meant i could make it trading rather than laying bricks or some other job in which i have no interest.

Jmonday - I wouldn' t dream of giving anyone advice! lol. Not sure how that switched round on me. I am the rookie. Besides, whatever i've been doing for the last 4 months or so to get 6 points per day may just stop working!

edit: I see people are already getting smarmy.

Lets totally forget about my claim.
I was only answering ken_mores question and really just wanted to discuss the theory of the markets constantly changing rendering trading methods useless.

 

[Michael.jstocks]

and just for the sake of it, here's todays trades. 4 trades, 4 winners totalling 5.8 ES points.

RBS broker uses the oanda platform and draws those arrows etc on for me.

That's it from me. Was only after answers - Wasn't trying to start anything. I'll go back to just observing this brilliant thread.

 

[Whisky]

Quote from Michael.jstocks:

and just for the sake of it, here's todays trades. 4 trades, 4 winners totalling 5.8 ES points.

RBS broker uses the oanda platform and draws those arrows etc on for me.

That's it from me. Was only after answers - Wasn't trying to start anything. I'll go back to just observing this brilliant thread.

That's a good start. Now you probably need to work on your confidence and your psychology to find out for yourself if you have the what is what needed to push around and win and lose larger amounts of money.

The sky is the limit. It's up to you. Good luck.

In my experience, little inconsistent edges disintegrate over time and size increases, to the point that one wonders if there was any edge at all to begin with. At great personal mental injury and distress and waste of time, which imo is the real cost of this difficult career.

JW

 

[sosueme]

Quote from Michael.jstocks:

and just for the sake of it, here's todays trades. 4 trades, 4 winners totalling 5.8 ES points.

RBS broker uses the oanda platform and draws those arrows etc on for me.

That's it from me. Was only after answers - Wasn't trying to start anything. I'll go back to just observing this brilliant thread.

If you have been consistent over the last four months then whatever you are doing is absorbing the changes in the market.
You might know more than you realise but allow doubt to reduce your confidence.
It is all a part of the learning curve, just keep moving on.

sosueme

 

[manlycure]

Defining whether a given period of time for verifying consistency of a trading method is adequate is rather tricky. It's most likely not just the period length but the market context in which the method is tested.

(OT: For intraday scalping, I'd personally like 1-2 years of data for backtesting. Please contact me thru pm if you have historical unfiltered bid/ask tick data of ES earlier than March 2009, or know where I can obtain it. TIA).