Professional emini trader mentor wanted!!

[TraderZones]

Quote from Beezer-1:

Just wanted to say thanks, guys. For both the insights into the ES as well as suggested alternative markets to look into.

BTW, I would agree. ES is a really efficient market compared to some others. It is arbed, analyzed, scrutinized and chopped ot ribbons by everyone from small traders to huge institutions doing flash trades. It is hard for a newer trader to pull out profits.

Forex by definition, is similar.

Somewhat illiquid stocks or futures (think cocoa, OJ or the meats) or options may not be as beaten up by the big boys... but not TOO illiquid! 200 shares or contracts a day means you could get hammered by slippage.

 

[Hombre]

Quote from JTB:

pastalady,

as mentioned by other posters, ES is difficult to trade, but the fact that you know you need a mentor and preparation is a great start. the following is a link to a service providing training and mentoring on a particular style thats based on fibonacci retracements .....has made many successful traders, but demands study, diligence, practice, patience,...and stops!



Greg is a seasoned trader and dedicates himself with 4-5 hrs of group mentoring (call in) every week and a live trading room. He has thousands of hours of video mentoring available in his archives as well. His training targets conservative/consistent production (2 points/day on ES) using fib setups.

Best of luck on your journey!

LOL,
"God revealed to Greg his rhythm and how to harvest field"

Thanks for the laughter.

 

[shikantaza]

Quote from stevesbg:

A quick comment

First, I work in a commercial office. We operate in the financial markets on a daily basis.

Hi. Do you?:

a-Own the office?.
b-Share the office with other traders?.
c-Work for a salary or commissions at the office?.
d-A combination of the above?

Thanks.

 

[vindicator]

Quote from pastalady:

Hello,

I recently sold my company and am now trying to start a new career as an S&P emini daytrader.

Anyone who is doing this for a living knows how hard it was to get started, and how much easier it would have been with a mentor, which is what I am hoping to find.

I live in the Northeast and am not afraid to travel to learn, so if there is a kind and generous person willing to take on a bright and serious student, please let me know.

Thanks,
Pastalady

i got experience that exceeds decades.

i can smell a good trade, and more importantly a good one that has gone bad.

 

[FB123]

Quote from pastalady:

I sure do appreciate everyone's advice here. When I ran my company I was always being told (by men) that what I wanted to do couldn't be done. Guess what, I figured out a way to do it!

I am very driven and determined and am used to trying to defy the odds. There was nothing easy about starting a company and there is nothing easy about learning to trade. I succeeded in the first and hope to succeed in the latter.

I realize you are all giving me realistic advice and that most traders fail, but you must admit some do succeed. In fact, I hope that all of you are successful traders who defied the odds!! Maybe I will be one too.

Your first job as a trader is to determine what your priorities are. Is your priority to make money? If so, the e-mini is the wrong place to start trading. The only reason you should ever trade this instrument is if you have so much size that you need the massive liquidity it offers to enter and exit your positions. This definitely does not describe you.

The point of trading is to find a place to make money as easily as possible, not to go straight to the hardest market in the world to trade just because you want to prove something. You're not going to get a medal because you choose to do something extra difficult, in fact you will get a big fat "F" on your trader report card for not analyzing the markets properly to decide where you're going to trade that gives you the best edge. (This is always step 1 in any trading plan incidentally, and given the amount of e-mini traders out there it seems that most of the trading world is failing at this.)

Take a look at the average range of how far the instrument moves relative to the slippage that you incur (spread + commissions) for getting in and out of a position... you want to be trading instruments that have a wide range relative to the slippage, and the e-mini is one of the worst for that. For index futures, the Russell is probably the best, otherwise maybe crude oil or the British Pound.

 

[StevenBruce]

Quote from shikantaza:

Hi. Do you?:

a-Own the office?.
b-Share the office with other traders?.
c-Work for a salary or commissions at the office?.
d-A combination of the above?

Thanks.

I have some time on my hands while I wait for the 12:30 trade

In response to the questions above

1. Recently I have become a partner in my business
2. I have my own office as do my associates
3. I prefer to keep my financial arrangements private

Thanks for your inquiry.

 

[shikantaza]

Quote from stevesbg:

I have some time on my hands while I wait for the 12:30 trade

In response to the questions above

1. Recently I have become a partner in my business
2. I have my own office as do my associates
3. I prefer to keep my financial arrangements private

Thanks for your inquiry.

You are welcome.

 

[lexcorp]

So is the ES impossible to make money from on a consistent basis?

Obviously Traderzones and Zentrickster think so.
Traderzones, would you say all trading is impossible or just the ES? Also, what brings you to a trading forum if you dont think it can be done? do you trade?

I am trying to learn the ES at the moment personally. Looks like ill need lots of luck, lol

 

[R. Raskolnikov]

Not at all, but you better be prepared to spend at least 2 yrs not making anything while you learn.

Quote from lexcorp:

So is the ES impossible to make money from on a consistent basis?

 

[FB123]

Quote from lexcorp:

So is the ES impossible to make money from on a consistent basis?

Obviously Traderzones and Zentrickster think so.
Traderzones, would you say all trading is impossible or just the ES? Also, what brings you to a trading forum if you dont think it can be done? do you trade?

I am trying to learn the ES at the moment personally. Looks like ill need lots of luck, lol

It's not impossible to make money daytrading the ES, but I've heard estimates that say only 1-2% of traders can scalp and make money on it. Maybe longer term trading is easier. The question is: why would you want to even try? The way the contract is set up, it's not advantageous to you given how much it moves and what you have to pay in slippage. If it moved in 10ths of a point it would be great, but right now it completely sucks with that .25 point spread. So why bother? There are much easier and better places to make money. You're not going to get style points in this business for trading something difficult.