scalping the e-mini

[Quah]

Quote from Ripley:

Not everybody maximize their margin size. You won't be trading for long.. Thus, most people with huge accounts doesn't worry about the margin requirements. Only no0bs with $1,000 accounts worry about margins.

You wouldn't have to maximize your margin size - even if you only used 1/2 of your available margin and made "only" 12.5% per day - again - Warren Buffet would be knocking on your door asking for your help.

Even if you used only 1/4 of your available margin and made "only" 6.75% per day.

Besides, if you've been making 5 ES points per day for a couple of years now, what is the worry?

 

[nitro]

Quote from Quah:

You wouldn't have to maximize your margin size - even if you only used 1/2 of your available margin and made "only" 12.5% per day - again - Warren Buffet would be knocking on your door asking for your help.

Even if you used only 1/4 of your available margin and made "only" 6.75% per day.

Besides, if you've been making 5 ES points per day for a couple of years now, what is the worry?

1% a day is a monstorous return in the futures because of their extreme liquidity.

You won't get an answer because these people are charlatans, incapable of doing simple math before they tell their lies to make sure their story "sticks."

nitro

 

[El OchoCinco]

Your facts assume a trader wins 100% of the time which you know well is impossible. A scalper wants to be net positive and takes losses into account. You cannot annualize 6% a day because a trader will not make 6% a day every trading day in the year. I shoot for 1 point a day and get it more days than not so I have a net positive gain but I cannot annualize my 1 point a day goal since it is not the reality. At the end of the year I will have my annual gains and each month I can refine my results for a better approach.

Quote from Quah:

You wouldn't have to maximize your margin size - even if you only used 1/2 of your available margin and made "only" 12.5% per day - again - Warren Buffet would be knocking on your door asking for your help.

Even if you used only 1/4 of your available margin and made "only" 6.75% per day.

Besides, if you've been making 5 ES points per day for a couple of years now, what is the worry?

 

[nitro]

Quote from optioncoach:

Your facts assume a trader wins 100% of the time which you know well is impossible. A scalper wants to be net positive and takes losses into account. You cannot annualize 6% a day because a trader will not make 6% a day every trading day in the year. I shoot for 1 point a day and get it more days than not so I have a net positive gain but I cannot annualize my 1 point a day goal since it is not the reality. At the end of the year I will have my annual gains and each month I can refine my results for a better approach.

You don't trade baseball cards let alone SIFs.

If you want to take me up on that, let me know when you want to prove it.

nitro

 

[Quah]

Quote from optioncoach:

Your facts assume a trader wins 100% of the time which you know well is impossible.

Well, see - that's not how I read it...

Quote from luke24.5:

I've been in the room since it started as a paid site.......I'd bet you could count the days Billy made less than 5 pts on one hand since I've been in the room.

I wonder if there is some overall average points per day statistics available?

Hell, I'll even change my compounding to weekly or monthly. That won't really change much.

 

[El OchoCinco]

I do not understand your answe to me. What are you accusing me of?

Quote from nitro:

You don't trade baseball cards let alone SIFs.

If you want to take me up on that, let me know when you want to prove it.

nitro

 

[luke24.5]

Your question as to why someone successful would have a chatroom is valid. I think mostly Bill loves trading and the interaction with traders. It's also because he continues to improve. Won't cost nothing to for 14 days though you can't really grasp what he's doing in that time unless it's similar to what you're already doing. There are several people in the chat room who have their own websites and have traded professionally for several years. Everybody is there to learn.

As to your compounding, that is simply stupid to think someone is going to keep increasing his size if that is what you're implying.

Re: statistics. Nope he doesn't keep them. Trade along with Trade Maven and it will keep them for you.

I think you should try the room out. Or you could stay on ET and get the advice of mediocre traders who "know it all" yet think more than a point a day is unattainable. Of course it will cost you more in the long run than paying someone to teach you how to read the tape.

 

[MacroEvent]

Quote from Quah:

Hmm. No one can help answer my question?

yes it is simple why people do not continue to scale up --- they reach a psychological level of comfortability and they get suck. they in the end limit their potential profits by "stopping" when they start to trade a certain size that gives them the profits "they feel" they deserve ---- until they "train their way" out of this glass ceiling then they are stuck --- simple.

in some cases people just stop scaling up at a certain level because they are actually totally content with their monthly income and that is satisfactory for their needs ---- this is a psychology question and it in NOT about math or potential returns.


I know from talking to Billy what he trades and i know that is what he is content with and it is more then what he teaches as the minimum for his scale in method.

 

[MacroEvent]

Quote from nitro:

1% a day is a monstorous return in the futures because of their extreme liquidity.

You won't get an answer because these people are charlatans, incapable of doing simple math before they tell their lies to make sure their story "sticks."

nitro

btw, were you in the ET chatroom today??????? HAHAHAHAHA!!!

 

[cornholetrading]

Quote from MacroEvent:


I know from talking to Billy what he trades and i know that is what he is content with and it is more then what he teaches as the minimum for his scale in method.

I have seen you mention his scale in method. Is that scaling into a position as it goes against your original entry or is that adding to your position as a trade goes your way? Thanks.