No Fantasy - ES Scalping Reality
- Thread starter jeb9999
- Start date
First of all, what you suggest requires a completely different skill set. You might as well be playing a different market altogether.
Timeframe is everything in futures.
Second, there's a huge amount of churn with the kind of scalping this guy does. Churn=effective leverage, assuming a positive expectancy.
Check it out though, only $5 net per contract traded (not even a tick), and this guys supposed to be GOOD.
(A weasel like Tim Sykes claims to be doing much better trading garbage)
Plus this was done during markets where 10 point swings were coming at you like they were nothing.
Gives one pause. I think the best business to be in is to be the broker. Yep, no question. House wins every time.
Timeframe is everything in futures.
Second, there's a huge amount of churn with the kind of scalping this guy does. Churn=effective leverage, assuming a positive expectancy.
Check it out though, only $5 net per contract traded (not even a tick), and this guys supposed to be GOOD.
(A weasel like Tim Sykes claims to be doing much better trading garbage)
Plus this was done during markets where 10 point swings were coming at you like they were nothing.
Gives one pause. I think the best business to be in is to be the broker. Yep, no question. House wins every time.
you really are a moron
if all these automatic bots are the future and if all these bots are seemingly 'perfect' there would no market swings and it would always remain flat and choppy resulting in outage of these so called perfect and 'future of trading' bots of yours.
next time use your brain and logic before replying
What a truly bizarre response to my post. The word "perfect" does not even appear in my post and there is nothing in my post that even suggests that bots are perfect.
It is nonsense to think that every bot is going to be doing the same thing. Each trader using a bot implements their own strategy thus guaranteeing that there will always be bots running at cross purposes to one another. Market action is market action and will stay market action.
The world of trading has changed tremendously in the past 20 years and will change once again over the next 20 years. Your ignorance and foolishness about the changes going on around you aren't costing me any money.
From what I have read about Don Miller's trading, he says he does about 30 "sequences" a day trading ES using 1-min, 5-min, and higher time frames plus his renko charts or whatever they are. I would say this isn't being selective. But he says he has to be "swimming in the waters" to be able to tell which way the market is going.
His main trades are trading (fading) extremes and trading the first big pullback of the day. He fades and then fades some more until the trade turns and then takes his little profits which of course add up since he trades some size. I guess you could call it size. He says he starts out with 15 contracts, then 30, then maybe more but says he never goes over 100 contracts. So he is more of a penny pincher trader if you ask me. I guess you could call that a scalper. More like a fader scalper.
I have his paid for video course... for sale... PM... if you want else ignore...
