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The Truth about Daytrading Futures..
- Thread starter Trend Fader
- Start date
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 31 41 51 101 201 301 401 501 751 1001 1251
1501 2001
10137 4266 1958 1285 1651 794 545 392 287 626 299 215 162 118 188 136 80 85 71 200 576 191 192 163
153 97 56 48 57 32 27 12 10 4
I don't want you to be disillusioned...I didn't post this as a chart because it takes to long to do that. Just match the numbers like this:
1 goes with 10137
2 goes with 4266
.
.
.
401 goes with 48, etc.
This is the raw data for number of ES contracts traded on Oct. 3rd of last year, just an average day. There were 10,137 one contract trades. There were 1651 five contract trades. And so on. Size is being traded. These are IB's numbers, so please realize these are reported every few fractions of a second and not by individual trade. But, this is the best data I have available. Don't be afraid of what you yourself haven't yet tried. Perhaps, this will at least partially answer your question about sizing up. By the way, for the larger numbers, such as 401, 501, 751 the trades in those categories are trades of size 401 contracts up to 500 contracts. Then 501 contacts up to 750 contracts. And so on.
1501 2001
10137 4266 1958 1285 1651 794 545 392 287 626 299 215 162 118 188 136 80 85 71 200 576 191 192 163
153 97 56 48 57 32 27 12 10 4
I don't want you to be disillusioned...I didn't post this as a chart because it takes to long to do that. Just match the numbers like this:
1 goes with 10137
2 goes with 4266
.
.
.
401 goes with 48, etc.
This is the raw data for number of ES contracts traded on Oct. 3rd of last year, just an average day. There were 10,137 one contract trades. There were 1651 five contract trades. And so on. Size is being traded. These are IB's numbers, so please realize these are reported every few fractions of a second and not by individual trade. But, this is the best data I have available. Don't be afraid of what you yourself haven't yet tried. Perhaps, this will at least partially answer your question about sizing up. By the way, for the larger numbers, such as 401, 501, 751 the trades in those categories are trades of size 401 contracts up to 500 contracts. Then 501 contacts up to 750 contracts. And so on.
Trend Fader,
With all due respect, how does one wipe out his account in a week? Stop losses are known to prevent that..Am I correct?
The Emini S&P is a mkt. of maybe 2 good trades a day....... 10 trades wipes out an account with correct stops set??
If one loses all that quickly, he is not a trader...He is a gambler...
A system that has no emotion and no gambling...because it wins more than it loses...much more. That's the ticket..It worked today on a very weak day...1 trade...3 pt stop...Wipe out the account????
With all due respect, how does one wipe out his account in a week? Stop losses are known to prevent that..Am I correct?
The Emini S&P is a mkt. of maybe 2 good trades a day....... 10 trades wipes out an account with correct stops set??
If one loses all that quickly, he is not a trader...He is a gambler...
A system that has no emotion and no gambling...because it wins more than it loses...much more. That's the ticket..It worked today on a very weak day...1 trade...3 pt stop...Wipe out the account????
Lets cut the crap people. Futures trading is a minority game. You can read in game theory on what that means. Only 3-5% get the rewards. Everyone else is an eventual loser, some faster, some slower. The true winners really don't spend much time posting on ET. Some incipient winners might be found here for a while until they move on.
All the others posting theories about what futures traders can and cannot make are not the winners, they are the wieners.
If you are in that 3%, you are not dicking around with 1 point/day in ES. You are not making 10 points one day, and losing 8 the next. That is the profile of the wiener (the eventual loser), not the winner.
All the others posting theories about what futures traders can and cannot make are not the winners, they are the wieners.
If you are in that 3%, you are not dicking around with 1 point/day in ES. You are not making 10 points one day, and losing 8 the next. That is the profile of the wiener (the eventual loser), not the winner.
That is logically impossible. In the markets it is impossible for 'all of us' to make money trading the same idea. I can assure all of you that any well honed trading method of mine will NEVER show up on ET or be mentioned in chat!Quote from nkhoi:
ideally they start with $3k and it becomes $5k account then start posting on ET and then we all become rich using the same method.
Quote from PuffyGums:
That is logically impossible. In the markets it is impossible for 'all of us' to make money trading the same idea. I can assure all of you that any well honed trading method of mine will NEVER show up on ET or be mentioned in chat!
Well, there goes that idea. I'll still show up now and then just in case you let your gaurd down.
You know..
saying it's impossible really doesn't help your trading..
I am inclined to show you my results..
but that doesn't help your trading either..
saying it's impossible really doesn't help your trading..
I am inclined to show you my results..
but that doesn't help your trading either..
Quote from PuffyGums:
Lets cut the crap people. Futures trading is a minority game. You can read in game theory on what that means. Only 3-5% get the rewards. Everyone else is an eventual loser, some faster, some slower. The true winners really don't spend much time posting on ET. Some incipient winners might be found here for a while until they move on.
All the others posting theories about what futures traders can and cannot make are not the winners, they are the wieners.
If you are in that 3%, you are not dicking around with 1 point/day in ES. You are not making 10 points one day, and losing 8 the next. That is the profile of the wiener (the eventual loser), not the winner.
Great points. I feel this board has some good info at times on how rule changes are effecting traders and it is an excellent contrarian indicator when the market is at an inflection point with the bull or bear polls. However I don't think it is the best place to use as an example to support the statements of consistent big time winners. The traders running winning hedge funds and pulling in consistent big cash every year trading the emini, stocks,ect probably don't even know about this site and would never post what they do here. I also think the belief that the only traders making really good money every year happen to only be trading savants is completely false too. It might seem like that based on many postings here, but then again I think it is wrong to believe the posters on this board are a good representation of the professionally trained and capitalized trading community.