...The fractional reserve system does after all allow them to lend out 9 times as much as they have on deposit I believe....
Oi kvetch! Don't even get me started on the fractional-reserve system. Financial satan-incarnate is what that is.
...The fractional reserve system does after all allow them to lend out 9 times as much as they have on deposit I believe....
You post details from a paper trading account that means absolutely nothing to anyone. Your charts are terrible, not that they will help you much anyway, but as charts go, yours suck...
FOUR ticks on the ES is NOT scalping. It is an INVESTMENT. TWO ticks is scalping. You can do that on "noise". Just my thought. Not a sermon.I realize this is your thread an I am off-topic in a way, and am being distracting at this point.
But those two comments quoted above rail me, make me burn.
Liquidity means ZERO. Price-action does. You cannot make money trading liquidity...Only price-action.
And this one is the worst..."Scalping for 1 point is not easy most of the day." ??!?!?!!!
In ES?!? That is FOUR TICS! FOUR!!!!!
Four tics, and that is hard??! If scalping FOUR TICS in a market in a day is hard, than that is not a market I'd want to trade. You could do better than 4 tics in many other instruments I reckon'! But if ES is what your heart is set on, well....Good luck sir/ma'am.
I'll make it simple for you. TRADING THE ES IS EASY. Not losing is hard. If you cannot keep to your stops (oh... it'll come back! It HAS to.) You will NEVER win in this game. Just found this site... but trading for 16 years. They can and will run the market SO FAR you cannot stand it. When you finally capitulate, You will understand. STOPS = PROFITS.What are you talking about. You haven't a clue about trading. You post details from a paper trading account that means absolutely nothing to anyone. Your charts are terrible, not that they will help you much anyway, but as charts go, yours suck. How come not one person has posted details of live trades like I done? What is wrong with people. Stop trying to pretend you are someone you are not, and probably will never be by the way you act and carry on. Then you get the likes of @Handle123 sticking his nose in, to give his famous words of wisdom. A long term member of this site sent me a PM with details of all @Handle123 fantasy stories over the years, and where he has backed down on every occasion when it is put up to him. He did not have to show me anything, as I had him summed up the minute he appeared on this thread. I have never seen so many idiots in my life, really. The brokers must look in every now and again and be laughing all the way to bank. I see they even have a few of their "experts" set up here to answer any questions from potential suckers. It really is amazing how stupid people can be, but as they say, C'est La Vie.