From what I have seen here @Handle123 is a dreamer. When I did not conform to his posting he put me on ignore, as he did not want to engage with me. You have to ask yourself why? Any trader who has nothing to hide and tells the truth will never be afraid to answer any questions from any other trader, honestly and to the best of his ability. I admire a trader much more who says out straight that "I lose a good bit but I make more than I lose, and here is one of my live trades with a chart marked up". The live trade can be a winner or a loser, it really does not matter. The only thing that matters is the discussion around the trade, not any discussions about text book rubbish and idiotic things that have absolutely nothing to do with making money daytrading the ES on a regular basis, especially in relation to ORB, BMC and TFC.
Questions for experienced ES daytraders?
- Thread starter wtfauoa
- Start date
Back testing is a complete waste of time for daytrading the ES because it will not help you make money. As I have mentioned previously, many traders confuse skill with time opportunity. What this means is that the trader thinks he knows why his positive results were such for a certain number of trades, but what he fails to notice is that his positive results are due to what is called time opportunity. Time opportunity is unique, as each moment in time is unique. When you have many years of winning and losing under your belt, you will then start to fully understand what I speak about. There are a small few other key things that a trader needs to be aware of before making money becomes a reality, and you will not learn them from textbooks or sim trading, or listening to idiots talk about things that really do not matter one little bit.
To be quite honest, I know many independent professional daytraders that trade equities, but not one professional ES daytrader, and I live in Chicago. Not saying they don't exist though. Just haven't met one.
I see another poster was asking about sharing charts in another ES related thread that was closed. I will start here by posting a chart in relation to daytrading the ES on a regular basis. Feel free to join in, but you must post a chart in relation to daytrading the ES on a regular basis, not any other market.
What exactly are we discussing here. Are we looking at trading the open or a different approach in relation to this chart?
For God's sake...Why?!? I realize that this is the parameter of the thread, ES, but why are you so dead-set against any instrument other than the ES? That is my query about it all. Is it simply because it has the highest daily volume of the more common futures instruments?
Honestly, if he wants to trade the ES... what is so wrong with this? It is after all his thread. Focusing on one instrument is key. There is no need to trade anything else once you know how to trade it. I think a specific thread about the ES, and specific requirements of having to include charts for discussions is bang on. Even better if people show entries and exits. There is nothing wrong with what the OP is trying to do here. If people don't want to trade the ES, don't want to show charts, and don't want to discuss entries and exits, there are lots of other threads. I do hope this thread goes somewhere to be honest.
This line of thinking is a huge neophyte pitfall. You go where the action is. There is always something else expanding when ES has inside days.