NQ Trading.... DONE for the DAY!!

John9999 · Feb 6, 2018

Well said NeoTrader

only one poster besides yourself has said anything positive... I have found this forum to be very negative in general. When I look at all posts, not just mine. It seems some of you get your kicks out of just bashing and such.

and yes to the previous poster... I banked the net profit on 2 contracts... so no I did not capture a 1/2 or the range... geez! I profited 36.5 points per contract across 7 trades, average including the losing trades of 5.2 points, if you must know

lawrence-lugar · Feb 6, 2018

John9999 said:
I banked the net profit on 2 contracts

I profited 36.5 points per contract across 7 trades, average including the losing trades of 5.2 points, if you must know

I'm totally oblivious to futures, all I know are options;

But what does 36.5 points mean

...So what did you make today % and/or dollar-wise?

Overnight · Feb 6, 2018

lawrence-lugar said:
I'm totally oblivious to futures, all I know are options;

But what does 36.5 points mean ...So what did you make today % and/or dollar-wise?

It means he made ~+$1,460 before fees. Since he said it includes the losers of 5.2, I guess he netted them out so they are not included in the total net.

Edit, math was off.

lawrence-lugar · Feb 6, 2018

Overnight said:
It means he made ~+$1,460 before fees

So, whenever someone says they made One Point in Futures...that basically means $40

$1,460/36.5 points=

On a % basis, I'm guessing that is relatively small. Atleast compared to options.
In options speak...I would have made 100 points, for the ES equivalent,...loosely rounded off,

Xela · Feb 6, 2018

Futures vary. For example, NQ is $20 per point ($5 per tick) per contract; ES is $50 per point ($12.50 per tick) per contract.

johnnyrock · Feb 6, 2018

NeoTrader said:
I'm sure it can... I simply said I'm highly suspicious of it, because there's now way to know the validity of "the help"... There are people who engage in charity in these world, no doubt... It's just that most people don't and an even a larger group doesn't even have the means to do it(knowledge in this case).
Given all that, it's not crazy to assume that everyone here is full of it and simply do it's own thing... Even at the risk of denying a sincere help from "the real deal'".

The same thing can be said of any community.

Overnight · Feb 6, 2018

lawrence-lugar said:
So, whenever someone says they made One Point in Futures...that basically means $40?
$1,460/36.5 points=

On a % basis, I'm guessing that is relatively small. Atleast compared to options.

Yeah, he made 144 ticks basically, but per contract. He said he did it on 2 contracts, so multiply that by 2, then multiply by 5 bux. Then just add the extra $10 per contract without doing multiples to avoid confusion. NQ and ES are .25 points per tick (4 ticks for a point), where ES is $12.50 per tick but NQ is $5 per tick. But stuff like CL is $10 per tick, at 100 ticks per point. Imagine the days when everything was still in fractions? hehe. .0325 and shit.

John9999 · Feb 6, 2018

OMG it's not that complicated.... I track my results for the day as Net Points won or lost... and then back out approx $4.2 round trip per contract... as mentioned.. it is about $1460 minus approx $58 in commissions and exchange fees... about $1400 net

but none of that is even the point of this thread...

the point is how much better I feel as a trader to take a profit and be done for the day. To ignore the urge to continue trading and potentially give it all back or even show a loss. It is a major difference for me personally in my confidence as a trader..

athlonmank8 · Feb 6, 2018

John9999 said:
Well said NeoTrader

only one poster besides yourself has said anything positive... I have found this forum to be very negative in general. When I look at all posts, not just mine. It seems some of you get your kicks out of just bashing and such.

and yes to the previous poster... I banked the net profit on 2 contracts... so no I did not capture a 1/2 or the range... geez! I profited 36.5 points per contract across 7 trades, average including the losing trades of 5.2 points, if you must know

You've contributed nothing. Neither has your alias SOES

johnnyrock · Feb 6, 2018

John9999 said:
Well said NeoTrader

only one poster besides yourself has said anything positive... I have found this forum to be very negative in general. When I look at all posts, not just mine. It seems some of you get your kicks out of just bashing and such.

and yes to the previous poster... I banked the net profit on 2 contracts... so no I did not capture a 1/2 or the range... geez! I profited 36.5 points per contract across 7 trades, average including the losing trades of 5.2 points, if you must know

There are people here willing to help with concrete advice (@Xela @speedo - plenty of people actually) but its still your life and your money.

There are a few people who just get a kick out of trolling. I can't say if I have read every post of the trolls, so they may add value. However, one troll was in another thread bragging about making over 300 grand in one day! Mind you that was after the fact, the same thing he accused you of.

Just know that if someone is living a lie that will reflect in the way they look, their health and their relationships as they project towards you. Even though the 300 grand was possibly real money think of how miserable his life must be to troll everyone.