scalping the e-mini
- Thread starter eagerbeaver
- Start date
Per contract. He doesn't trade same size all the time, so it's hard to tell. Depends on how many levels in his scaling in he's filled on and whether he's taking 1/2-3/4 scalps or playing 2-3 pt rotations. But if he was trading a constant size, 5 points would be a very modest day. Bill's a heck of a good trader.
thanks for clearing that up.
the 5 points would be for the size he trades on average {because he scales in --- each trade may have a different total position size}. so if he averaged 3 es contracts per trade that would be 5 points for 3 es, or 15 total points on a single es contract measurement basis.
there was several times today when Billy had all 4 of his potential scale in levels filled {seems very rare since i have been in the room} --- trading the minimum size per his teachings at each scale in level would have you filled with just over 10 ES after the fourth level was hit ----
1 ES
2 ES
3 ES
5/6 ES
luke did not say that he trades 100+ contracts so where did you get that number from --- he trades what he feels comfortable with which is a choice of all traders. you do not need to trade 100 lots on the es to make some very good daily profits --- heck you can trade 10 lots daily and make in the top 1% of all income earners for the U.S. when you know what you are doing.
So, 5 points is basically 5 points per contract.
See, and this is where I begin to misunderstand - if you trade with a broker that requires $1000 per contract intraday margin - those 5 points become a 25% return. If you trade with a broker that only requires $500 intraday margin, which many do now - they become a 50% return.
If you pick the $1000/contract margin broker - we have someone here who is making a 25% per day return on thier money. If I don't compound at all - my $1000 turns into $62,500 the first year or a 62,500% return - again, not compounding at all.
If I compound and increase my size each day - well, I'm not sure I have enough room to type out that number.
So, I ask the same question I usually ask at this point - why would/does someone making 25% per day (or 50% per day if you like) - 1. bother with a chat room - and 2. - bother even trading anymore after the first couple of years? Surely you'd be richer than Bill Gates.
See, and this is where I begin to misunderstand - if you trade with a broker that requires $1000 per contract intraday margin - those 5 points become a 25% return. If you trade with a broker that only requires $500 intraday margin, which many do now - they become a 50% return.
If you pick the $1000/contract margin broker - we have someone here who is making a 25% per day return on thier money. If I don't compound at all - my $1000 turns into $62,500 the first year or a 62,500% return - again, not compounding at all.
If I compound and increase my size each day - well, I'm not sure I have enough room to type out that number.
So, I ask the same question I usually ask at this point - why would/does someone making 25% per day (or 50% per day if you like) - 1. bother with a chat room - and 2. - bother even trading anymore after the first couple of years? Surely you'd be richer than Bill Gates.
well in the end it is very simple --- if you want to learn something new that imo is a profitable system then go to the site and start your "individual" learning process. if you are trading profitably right now and you are not interested to take the proper time and dedication to learn "market profile" then take a pass.
if you are "nitro" then do not EVER go to any chatroom again {that includes the ET Chatroom} the rest of your life ---- as that would be just another anti-chatroom guy who ironically spends hours daily in a chatroom.
if you are "nitro" then do not EVER go to any chatroom again {that includes the ET Chatroom} the rest of your life ---- as that would be just another anti-chatroom guy who ironically spends hours daily in a chatroom.