Questions for experienced ES daytraders?

Gotcha said:
If you are this far along, what do you need from someone else? What if someone told you they buy every low volume node when using market profile.. does this help you? What if they said they fade any move where the ES goes 20 points because 20 point range days are rare... will you follow them into a trade? Whatever you find on ET will just be little ideas that you have to put together yourself.
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1. I need to speak with traders who actively daytrade the ES.
2. I would ask them why they buy every low volume node, and do not concentrate on minus development?
3. If they said they fade any move where the ES goes 20 points because 20 point range days are rare, I would say this could be a very bad way to trade. I would not follow any person into a trade if I did not fully understand why I am taking the trade.
4. I do not know what I will find on ET, which is why I am here?
 
wtfauoa said:
1. I need to speak
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I'm not sure if what you need is of any importance. Its like telling the market you need it to go up another 2 points so you can get out. What you need doesn't matter one bit. All you got right now is me talking to you, and that is pretty useless... LOL

But hey, at least you know what you want, so that is a good start. I know that because of your thread, I came across some great stats that were shared so something good did come out of it. I hope you find what you're looking for as well.
 
Gotcha said:
I completely agree, but there are places in the chart where the liquidity is sparse. I know I've tried getting filled at certain levels many times and I was way too far back in the que. So when some of these guys are not wanting to share their entries, it could be because they might be giving up their advantage. Its easy to look at a chart and see price shooting up and see thousands of contracts traded and wonder how someone could think they couldn't get 5 or 10 or even 50. But most traders seem to be using only limit orders for entries, and many times I do read they don't get a fill before price takes off and they don't chase. So in many cases, liquidity is a concern and if they give their entries away, they are giving away their livelihood.
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Let us not get carried away like @Handle123 and speak about fairy tales. The retail trader will never have to worry about liquidity in the ES when daytrading during regular market hours, bar a major world event like 9-11. The small trader will trade 1-2 contracts, with the capitalized trader doing up to 10 max. I do not envisage myself trading over 10 contract even with OPM. If you care to look at the 2 trades I posted yesterday, I stated clearly that price came and sat on my take profit order, but as I was not in the front of the que I was not filled. Mistake no.1, never take your eye off the screen when you have open positions with the ES. All I had to do was click on my close button to hit the ask and get filled one tick above my take profit order. If price continued to fall after that, re-entry was but a commission away. I have already learned something from posting here, even though I learned it from myself. If you do not pay attention when trading, be it for entry or exit, then you will miss the boat many times. It is a serious business and not a place to be messing around in. Those who fail to pay attention will get punished dearly, with missed opportunities and bad entries and exits. It is their own fault, no one else.
 
Gotcha said:
I'm not sure if what you need is of any importance. Its like telling the market you need it to go up another 2 points so you can get out. What you need doesn't matter one bit. All you got right now is me talking to you, and that is pretty useless... LOL

But hey, at least you know what you want, so that is a good start. I know that because of your thread, I came across some great stats that were shared so something good did come out of it. I hope you find what you're looking for as well.
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I need to speak with other ES daytraders as mentioned, as I will not risk OPM unless i know fully what I am doing, and the best way to find out that is to look and see what others in the same field are doing, learn from their mistakes and avoid the common pitfalls, which every endeavor has. If I do not find what I am looking for then I will work it out myself, as I am well capable of doing that with my previous trading experiences to assist me. Just think of it as plan B.
 
wtfauoa said:
I need to speak with other ES daytraders as mentioned, as I will not risk OPM unless i know fully what I am doing, and the best way to find out that is to look and see what others in the same field are doing, learn from their mistakes and avoid the common pitfalls, which every endeavor has. If I do not find what I am looking for then I will work it out myself, as I am well capable of doing that with my previous trading experiences to assist me. Just think of it as plan B.
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If you truly want to succeed you are going to have to figure it out by trial and error.
No 2 people think alike and you should not be concerned what others can achieve since it is zero benefit to you. Think of it like baseball. There are many different batting stances that respectable hitters have but not one style fits all. There is no shortcut in successful trading. You must be willing to put in the work. This alone is why 95% fail because they want instant gratification and don't have the heart to do what it takes to be successful. Trading isn't some study a few hours, place a few trades and stack it to the ceiling gig. So either take it seriously with 100% dedication and effort or don't even start.
 
volente_00 said:
If you truly want to succeed you are going to have to figure it out by trial and error.
No 2 people think alike and you should not be concerned what others can achieve since it is zero benefit to you. Think of it like baseball. There are many different batting stances that respectable hitters have but not one style fits all. There is no shortcut in successful trading. You must be willing to put in the work. This alone is why 95% fail because they want instant gratification and don't have the heart to do what it takes to be successful. Trading isn't some study a few hours, place a few trades and stack it to the ceiling gig. So either take it seriously with 100% dedication and effort or don't even start.
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As mentioned, I do not want to discuss basics or theory. I am only interested in active
ES daytraders who want to discuss daytrading tactics. If no one fits that description here, that is fine. If any person thinks they fit the description, feel free to post. I was just reading the welcome note on ET main page. Sounds like what I want to do.
 
wtfauoa said:
As mentioned, I do not want to discuss basics or theory. I am only interested in active
ES daytraders who want to discuss daytrading tactics. If no one fits that description here, that is fine. If any person thinks they fit the description, feel free to post. I was just reading the welcome note on ET main page. Sounds like what I want to do.
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What kind of tactics ?

Tell us more about your ES trading and others will probably be more willing to open up discussion


They are posting but you don't seem to listen
 
wtfauoa said:
I apologize as I missed this small post.
  1. Do you do very short term daytrades, hold for several hours, or both?
  2. What times do you start and finish trading at?
  3. Do you use volume on your chart?
  4. Do you use any technical indicators on your chart?
  5. Do you use bar chart, candle chart or another type?
  6. Do you use a price ladder?
  7. Do you watch market internals?
  8. Do you use mechanical or mental stops?
  9. What do you consider the best timeframe/s to trade, and why?
  10. What is your expected return per day in % of trading capital not including leverage?
  11. What is your max risk per day in % of trading capital not including leverage?
  12. What is your min and max drawdown per day/week/month in % of trading capital not including leverage?
  13. Are you profitable each and every day/week/month?
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1 Both
2. 5pm to 3 am, 6 am to 3 pm
3. Yes
4. No
5. Bar green for up, Red for down
6. Yes
7. No
8. Always 100% mechanical set up as a bracket order, if have to think you are dead in a fast market, don't ask how I figured that out
9. 1,5,15 hourly, and daily smaller time frame for entries
10. I don't set goals, I only take what the market will give me
11. Depends on the trade and how I feel about it, usually 2-5 points
12. I don't operate off of % since I am trading highly leverage, worst is 20 point drawdown which can happen over a week or longer
13. day no, week mostly, month usually
 
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