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making one point a day?
- Thread starter protrader-2K5
- Start date
Quote from FredBloggs:
look at er.
it often leads es. 1 point in er is also easier and worth more than es
why a noobie is bothering with es is beyond me.
if you like it cos there is no volatility then look at ged which is more reliable.
or look at bp or ym because it is still fairly liquid, and has a low tick value, if you must do the volatility thing.
you should only trade es if liquidity is a problem - which as a noob - it wont be.
i think youre going about it the right way though - looking for small consistent wins rather than get rich quick
In 2003-04, I would say you were right about ER leading ES. That correlation has been pretty spotty for most of 2005.
On ES, a good intraday trader should expect to make at least 0.5 points per contract per day, before slippage and commissions... slippage and commissions need to be subtracted (depends on how good you are at negotiating a deal/whether you lease a seat etc, and also on how good you are at execution!)...
This is over the long run... some market cycles will be much worse and some much better...
This is over the long run... some market cycles will be much worse and some much better...
FredBloggs
Guest
Quote from sammybea:
Is volatility really always lower in the summer? I would love to have some type of proof for that. I have always considered summers to be relatively better trading months. At least my P/L thinks so.
glad to hear the good news!!
loads of people seem to think that lower liquidity means lower volatility.
i cant see how this is so personally - just look at bp futures v ec futures and tell me which has the lower liquidity ans the highest volatility - or ront months v back months in eurodollar.
price discovery - ring any bells?
Quote from sammybea:
Is volatility really always lower in the summer? I would love to have some type of proof for that. I have always considered summers to be relatively better trading months. At least my P/L thinks so.
Roll up your sleeves and check the daily contract volume for yourself. I have 8 years worth of data archived but I don't share, sorry.
Quote from FredBloggs:
look at er.
it often leads es. 1 point in er is also easier and worth more than es
why a noobie is bothering with es is beyond me.
if you like it cos there is no volatility then look at ged which is more reliable.
or look at bp or ym because it is still fairly liquid, and has a low tick value, if you must do the volatility thing.
you should only trade es if liquidity is a problem - which as a noob - it wont be.
i think youre going about it the right way though - looking for small consistent wins rather than get rich quick
Remember the key here is consistency. Anything that happens, "sometimes" isn't consistent enough.
thanks all...
Fred... Im not sure if I would be classified as a noobie... although my 2 year old has a sippy cup that is called this.
Been making good profits for 7 years.
exclusive sp's
so you can say I don't know what I don't know.
thanks for the insights.
what is TRIN? I hear this thrown aroung a bit?
Fred... Im not sure if I would be classified as a noobie... although my 2 year old has a sippy cup that is called this.
Been making good profits for 7 years.
exclusive sp's
so you can say I don't know what I don't know.
thanks for the insights.
what is TRIN? I hear this thrown aroung a bit?
Quote from protrader-2K5:
thanks all...
Fred... Im not sure if I would be classified as a noobie... although my 2 year old has a sippy cup that is called this.
Been making good profits for 7 years.
exclusive sp's
so you can say I don't know what I don't know.
thanks for the insights.
what is TRIN? I hear this thrown aroung a bit?
c'mon man. 7 years trading the sp/es and never heard of TRIN?