Yes I know people who are consistently profitable scalping the es. That however doesnt mean you will make money in it consistently. Your trading style might not be compatible with the es. I wish I could say I could pull profits day in day out but I am forced to trade other things most days because thats where my style fits. First figure out a trading method that works for you wether it be purely technical or fundamental, charts or no charts. Once you have a profitable system you have to be changing it to keep up with current market conditions. Whatever scalping method worked in the high volatility periods of a few years ago, may not necesarily work with todays low volatility environment. The key is being able to adapt your system and simply stop trading when its not profitable. The best traders are the ones that can adapt. Dont get so frustrated if you cant make money in the es. Some people have a knack for it but others find it a tough nut to crack.
And in response to nodojis method. you can probably make any system like the one she stated profitable, as long as you have sound money management skills and good trading abilities. The very randomness of the intraday moves almost guarantees you'll be given many opportunities to get out at a 1 handle profit. Whatever gives you confidence that the trade will work is enough to make you hold on to the trade until you get your profit. That might mean holding it to a loss much greater than your expected profit. Trading is more of a mind game than anything else. I would say the more difficult and part of trading is learning how to manage trades and knowing when to hold on and when to bail. Its these things thatcan dramatically alter overall system profitability. The entry is just an excuse to be in a trade. Make the entry as simple or as complicated as you want but it HAS to give you confidence that you will win, otherwise dont bother because you will take the loss on the first chance you get.
I forget who said this but someone stated that it could be possible to be profitable using a random entry system as long as you know how to manage a trade. With each passing day I believe that quote to be more and more true.
And in response to nodojis method. you can probably make any system like the one she stated profitable, as long as you have sound money management skills and good trading abilities. The very randomness of the intraday moves almost guarantees you'll be given many opportunities to get out at a 1 handle profit. Whatever gives you confidence that the trade will work is enough to make you hold on to the trade until you get your profit. That might mean holding it to a loss much greater than your expected profit. Trading is more of a mind game than anything else. I would say the more difficult and part of trading is learning how to manage trades and knowing when to hold on and when to bail. Its these things thatcan dramatically alter overall system profitability. The entry is just an excuse to be in a trade. Make the entry as simple or as complicated as you want but it HAS to give you confidence that you will win, otherwise dont bother because you will take the loss on the first chance you get.
I forget who said this but someone stated that it could be possible to be profitable using a random entry system as long as you know how to manage a trade. With each passing day I believe that quote to be more and more true.
