Texas man indicted for failure to report crypto gains

Scataphagos said:
I don't personally know of anyone who trades the ES.... then again, I know only one person (a tennis/beer drinking buddy) who trades the markets at all. He's an Ivy League grad who thinks he's pretty smart, but has lost has ass over the years... prolly because he disagreed with me at virtually every market turn. :D His biggest shortcoming was thinking "all upside breakouts are false" and shorted them. (We once had a contest with $25K... He traded options while I traded mutual funds within a variable annuity. He lost most of his, I turned mine into $435K.)

Years ago I heard a story of some trader who had big success trading ONLY the ES... rarely having a losing day. I know that notion seems far-fetched to ETers, but I'm sure it's true... I trade the ES myself. If one learns "Price TA" and trades its principles well, almost ZERO chance of losing.
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Hello Scataphagos,

Why does NQ price moves faster than ES price?
 
SimpleMeLike said:
Hello Scataphagos,

The notion is not far fetch, I can be done.

Correct, I agree with you what you wrote. ES is the best place to be. Wish I knew this since high school.
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It's not that the ES is specifically "something great"... it's just the "general marketplace"... with lots of liquidity and comparative low "cost of transaction."
 
SimpleMeLike said:
Hello Scataphagos,

Why does NQ price moves faster than ES price?
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The index value of the NQ is higher as is its "relative volatility". The NQ is $20/point = $360K/contract currently. The ES is $50/point = $250K/contract. They mostly move in tandem, though not at the same magnitude.
 
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SimpleMeLike said:
Hello Scataphagos,

Yes, I been on NQ and I see easy to make money on here as well as ES. Much faster too.
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The volume in the NQ is much lower than the ES. If you're trading "size", you're almost forced to trade the ES. That is... if you wanted to trade a 100 lot in the NQ, you'd have to sweep lots of prices, with lots of slippage. You could do 100 lot in ES with zero-to-1 tick partial slippage.
 
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Scataphagos said:
The volume in the NQ is much lower than the ES. If you're trading "size", you're almost forced to trade the ES.
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Thank you for that response.

Big Size is what I am trying to trade. I better stick to ES, I like them both.

Question for you.

Have you seen anyone trade 100 ES contracts before? Did the order get filled quickly?
 
SimpleMeLike said:
Thank you for that response.

Big Size is what I am trying to trade. I better stick to ES, I like them both.

Question for you.

Have you seen anyone trade 100 ES contracts before? Did the order get filled quickly?
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You can reference the DOM. It shows how many resting orders there are at various tics. Little if any slippage on a 100-lot order for the ES at most times. I can recall times when the Bid/Ask resting orders were in the thousands. (I can also recall the "early days", when the entire DOM of 10 prices was less than 10 contracts total! That's when trading was on a 56k modem. LOL.)
 
Scataphagos said:
You can reference the DOM. It shows how many resting orders there are at various tics. Little if any slippage on a 100-lot order for the ES at most times. I can recall times when the Bid/Ask resting orders were in the thousands.
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Great information. Ok, I will look at the DOM and see how many orders are being placed.

Whoever placing these orders must feel good about being very Rich.
 
Scataphagos said:
You can reference the DOM. It shows how many resting orders there are at various tics. Little if any slippage on a 100-lot order for the ES at most times. I can recall times when the Bid/Ask resting orders were in the thousands. (I can also recall the "early days", when the entire DOM of 10 prices was less than 10 contracts total! That's when trading was on a 56k modem. LOL.)
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LOL HAHAHAHHAHA 56K.

Did you see alot of Rich ES traders in those early days?
 
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