Wouldn't touch bonds when they've been in a bull market for several decades and possibly are in a bubble. The income part is too low and I wouldn't want to risk my principle. If you're going to hold the bonds through maturity (save principle) and the yield is satisfactory to you, then go for it, but it's not worth it to me. If you must have bonds, I suggest a bond ladder of different duration with a mix of corporate and treasuries.No..not at all..just wondering what you have found to be the most important thing in relation to making money..to me..it is all about timing.
I used to think.. foolishly..that I could scalp the ES effectively..but quickly learned it is a waste of time..and money!
The problem with scalping is too many trades..the more trades you do in one day..the more costs you run up..and the more you risk losing money.
I have found it is much better to trade less and wait for the best setups..which..is the same as perfecting your timing of entries and exits.
What do you think of buying bonds for income.. government or corporate..do you have any experience with same?
I used to scalp ES too and had similar problems as you...over trading and too costly. I finally got pretty good at scalping ES when I learned to read the DOM, but the energy involved was exhausting...then DOM reading became less effective over time. I still use the DOM, but not with ES. I think I'm done with ES for good...better alternatives out there. Like I said before, high probability/low frequency using nat.gas...it usually has two or more good runs a day...some start at 4 or 5am. I use to trade CL (oil) a lot and that eventually became a shell of itself starting in 2012. Trading treasuries was a big deal for many years as well, but I favor NG and gold the most now.
I agree, it's all about timing. High probability gives a trader confidence and confidence keeps a trader disciplined. Traders don't follow their rules when they know a large draw down could be around the corner...essentially waiting for the bigger gain to make up for all the smaller losers...of which could be a long time (talk about testing one's confidence). The biggest problem with high prob. setups is finding one...though.
