50 micro
Techniques for Day Trading the ES, NQ, YM, MES, MNQ, and MYM
- Thread starter volpri
- Start date
ok gaslight bye elite trader
That is with a discount broker like AMP. That is not with most other brokers. Take IB, for example.
In any event, if you are looking to average in that deep, you had better have that level in your account anyways in case the SHTF that day and you wish to hold overnight, at which point the discount broker becomes an IB.
So always trade with the exchange minimum in mind per contract.
overnight put a cork in it pal. you are clueless also do ever actually do anything in this room other than just type bullshit all day about what other people post as if it is your room maybe it is ru one of the multiple personalities on this site? cult of online personalities.
i answered a question for someone thats all showed him or her a diffrent frame work. what is your beef and who do think actually trades futures poor people with 3k naccounts nope.
anyone who want to pay 16k in margin to trade a mini nq should have their head examined
i answered a question for someone thats all showed him or her a diffrent frame work. what is your beef and who do think actually trades futures poor people with 3k naccounts nope.
anyone who want to pay 16k in margin to trade a mini nq should have their head examined
The context is very important. I learned from Brooks that he often takes a look at the 15 minutes, hourly, daily, sometimes if necessary weekly and monthly chart while trading the 5 minute chart on Emini SP.
The daily chart shows a parabolic wedge with first a 9 day bull bar buy climax, something happens once every 2-3 years, then one bear bar, then another 7-8 day bull streak, and Wednesday was really a climax (if you traded live, you know what I am talking about). A correction of 10% or more is more and more likely. Even though he is still trading longs intraday when the PA is calling for longs on the 5 m chart.
But the reverse onto short is in a blink of the eye, if you are trading a 5 m chart. On a day like Thursday and Friday, Volpri's revenge trade will play well. The key is when you enter a long, you plan three things, where is your stop (actually before you enter, it is very easy to spot the perfect location of the stop), if the market goes there, that means the current trend (always in long), is over; and that better also be your spot for reverse, and then, where is your target when you are correct; and if you reversed, where is your target to get out in case the market reverse back fast to give you another slap on the face.
Sometimes I am lazy or too complacent to do all three, especially the reverse trade (normally my stop trade is bracketed in, I just need to adjust it to the last major low), and once in about 10-20 trade, something like Thursday happens, I miss the beginning leg of the down thrust, which is the most profitable one. For Thursday, people need to trade fast the stupid, do not look for bottom, have at least a small position in the right direction (down) and just ride it.
When I have a winning position, I found I tend to read the PA more objectively. When I have a position on the opposite side, I tend to subjectively always look for reversals, which are always minor compared to the size of the trend.
thursday n friday are volpri vaporizers. no refuting it. volpri doesnt have a system or method he would agree that almost all of it is based on how he reads price action and guts.
he like most traders is a discretionary trader. thats fine if he us skillful at it. But no one but him can replicate the exact trade without volpri saying what he is doing first.
you are literally trading volpri like an indicator u would not be trading the mkt. it would be actively managed vs passive machine trades
he like most traders is a discretionary trader. thats fine if he us skillful at it. But no one but him can replicate the exact trade without volpri saying what he is doing first.
you are literally trading volpri like an indicator u would not be trading the mkt. it would be actively managed vs passive machine trades
Take your beef to the CME, man. I'm not the one setting the requirements.
Do you understand anything about what is in the red box there? Add 10% for the initial. So $17,600 per contract. Deal with it, or GTFO.
lol cme margins dont mean squat if the fcm is taking the risk who cares
let me explain to you 2 things since you are rude as shit for no reason. i imagine you wouldnt be so brazen with your speech if we were in person but then again who knows what im dealing with
1. you can hold overnite for 1000 in margin
2. you can also exit b4 the close and renter after the close. the overnight margins are usually double the intraday big deal.
Im fortunately not in a position where I need to be a margin hawk ever and I negotiated my own margins based on my experience and strategies with my fcm. its not my first foray in futures