If you want to get hung up on math, I'll give you the kindergarten version.
Futures are heavily leveraged so you can make a good pct of profit in comparison to what it takes to buy a contract daytime ($500 per w/my broker). That's 10% profit per point per contract in ES, 20% in ER2 of what you actually put in play.
For a hypothetical day let's say tomorrow's range in the ES is 8 points. There will be 850,000 contracts traded.
There will be several moves of more than 2 points during the day, probably at least 1 move of 4-6 points.
If you can read the market order flow to discern when heavy buying or selling is coming in at either the H or the L You can consistently make 3-5 points trading 100 contracts going with the move. I watch hundred lots fly across the volume filter in ES at major turning points.
Don't get hung up on why it can't be done. Watch people who do it successfully and learn from them.
The original post was can you scalp 100 lots in the index futures for a point a day? My answer is "YES" if you can read the orderflow trading 100 lots fits your temprerment. I watch 100 lots come across my volume filter everyday. That's empirical evidence. I have no time for theorists telling me why reality isn't real.
I don't need people who don't even trade futures telling me iwhat can and can't be done. When ignorance (a lack of knowledge) meets arrogance a fool is born. This list has more than it's fair share of fools. but I will not be among them. When I come across someone doing what I want to do and he is willing to teach me I listen and learn.
You can go on through already "knowing" reasons something can't be done. But if you prefer wisdom, there are some good traders out there who teach that are not charlatans that for a fair price teach you the fundamentals needed. These are people who understand there are "no secrets." If they supplement their trading income with money made teaching me, may God bless them.
The best money I've spent learning to trade was not my attempts to trade in ignorance, but in the quest of knowledge and truth and practicing it on a simulator. If interested in finding out who some of these people are PM me. If not, stay in stocks, currencies or whatever it is you trade, and good luck to you. Backtest TA indicators and re-invent the wheel.
Futures are heavily leveraged so you can make a good pct of profit in comparison to what it takes to buy a contract daytime ($500 per w/my broker). That's 10% profit per point per contract in ES, 20% in ER2 of what you actually put in play.
For a hypothetical day let's say tomorrow's range in the ES is 8 points. There will be 850,000 contracts traded.
There will be several moves of more than 2 points during the day, probably at least 1 move of 4-6 points.
If you can read the market order flow to discern when heavy buying or selling is coming in at either the H or the L You can consistently make 3-5 points trading 100 contracts going with the move. I watch hundred lots fly across the volume filter in ES at major turning points.
Don't get hung up on why it can't be done. Watch people who do it successfully and learn from them.
The original post was can you scalp 100 lots in the index futures for a point a day? My answer is "YES" if you can read the orderflow trading 100 lots fits your temprerment. I watch 100 lots come across my volume filter everyday. That's empirical evidence. I have no time for theorists telling me why reality isn't real.
I don't need people who don't even trade futures telling me iwhat can and can't be done. When ignorance (a lack of knowledge) meets arrogance a fool is born. This list has more than it's fair share of fools. but I will not be among them. When I come across someone doing what I want to do and he is willing to teach me I listen and learn.
You can go on through already "knowing" reasons something can't be done. But if you prefer wisdom, there are some good traders out there who teach that are not charlatans that for a fair price teach you the fundamentals needed. These are people who understand there are "no secrets." If they supplement their trading income with money made teaching me, may God bless them.
The best money I've spent learning to trade was not my attempts to trade in ignorance, but in the quest of knowledge and truth and practicing it on a simulator. If interested in finding out who some of these people are PM me. If not, stay in stocks, currencies or whatever it is you trade, and good luck to you. Backtest TA indicators and re-invent the wheel.
