TraderEX -ES e-mini-One Tick Warriors Unite-Tradovate

RRY16 said:
Order a Oil Vape pen online and have them deliver it, take a couple of rips and reread Handle123’s post, if it doesn’t make sense after that then delete.
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6 mls a month for me. $750.00. MY prices are stteep. Ripping as we speak.
 
Handle123 said:
How long have you been trading? How many losing days in a month do you average? I have had one week in fifteen years that I remember of having no losing trades out of just under 300 trades but going for a tick...I don't know, but if your stops are 4 ticks, it is doubtful of no losing trades in a month.

I have a buddy I met at ET, we PM'ed a few times, he does well at only goal of 2 ticks, he doing 200 lot clip finally after 3 years, he does 3-5 trades in 2.5 hours and quits for the day, one loss and he is done for the day, but he has a life outside of trading. I think he only stayed three days on ET before he got tired of the sooth sayers, but he and I stay in touch email. He gets ave 2 losses a month. I have several friends who only stay for very short time...lol I often wonder that is reason I stay.

I think you doing as you say, I don't need any statements. People in this forum for most are lazy, exchanging almost anything useful seldom happens, people want all your knowledge and jump through hoops for them and then they still not happy, as sheep herders say of their sheep--"Flock them". I have called real time trades and all go against me and most don't lose, and when losses, they are huge, but it works for me.

We acknowledge we are trading random price, trend is actually after the fact intraday. So I am waiting for normal price, the "mean", little breeze to move it from the mean and high probabilities of returning to the mean or can start at the "mean" on momentum play, can see price i.e. volume picking up ask is at 2800.50/2800.25 bid and already touched ".00" for nano second on one lot, it either take the .50 or lose the opportunity for jump to 1.00 and you out and I need it to go higher. HFTs can push it 2 ticks in an instant, but I actually like when they do it for my own reasons.

I am using wide stops based on average Swing Range and wave ranges, wave counts(Elliott) breaking down price movements.

*****************
Just read you netting $1.21, way way too low, WOW way too low, have you calculated risk of ruin? I thought some of my weeks under $12 was bad. Most of my losses comes from reversing so they not full losses but just "losing" $100, I have to hit 3 winners for "BE" and using 4 tick stops unless you trading chop, more prone for losses.
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4 years total es futures. Was a retail series 7 in 1986-7, fresh from MBA school. Hurt some investors and quit.
I have a suggestion for you only. PM if interested.
The 1.21 was actual. Trading profits to cover fees were like 4400.00 6300 in trading gains, great. 4400 in fees, horrible. 1900, I'll take it. Is what it is. The point was, POP for commission, 199.00 for the 1600 is a deal. At a 0.59 per side for 1600 the bill is $1920. Back out the 199.00 and I saved 1720.00. At .59 my side would be 180. Before the buttheads rhyme in, the actual profit was 1945. I stated that somewhere else. Used round numbers, can't find my crayon. So, 20 readings days a month. 12 wins 3 close +/- and 5 losses. TY
 
Hi TradeEX

Do you place market order for entry ? If you how does it attach the bracket order to the ticket (assuming you add bracket order for stop and profit) ? Does it add the stop and profit ticks to the fill price of the entry order ?

Thank you
 
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etrades said:
Hi TradeEX

Do you place market order for entry ? If you how does it attach the bracket order to the ticket (assuming you add bracket order for stop and profit) ? Does it add the stop and profit ticks to the fill price of the entry order ?

Thank you
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Momentum trading is about speed. I use a market order because it's the fastest way in. My bracket is 2 profit and 4 trailing stop loss. Try it on demo..
If your entry is correct, the bracket starts at 1-5 and moves to 1-4. At 1-4 the trade is even or down 12.50. If you are correct still, the market price will move up to the next level, dragging the trailing stop loss to 1-3. You're now bouncing between even and ahead 12.50. If the price turns against you, you lose 37.50. You need 83% winners to cover losses and fees.
This is a high volume strategy so I use 3 contracts per trade with 2k as a minimum margin account.
If you do not understand me, could be you or my explanation just try it on demo. Watch what happens with a winning trade and a losing trade.
Because this is about speed, I use the ES. The day another contract has consistent higher volume, I'll be switching.
Attention novice traders, this, requires the proper entry. I used demo for thousands of hours and market replay at 20% speed for analysis. This same plan lost small amounts at the beginning. Then broke even for months. Then my winning percentage rose above 83% for profit. If you do this and lose the problem is you and lack of know how on how the market flows.
I've posted some all green circles. 60 contracts from 30 trades resulting in 56 wins, 4 ties, and zero losses. Some trades were not single tic winners. I currently have two other plays beyond a single tic.
Experience requires an investment of time. I do not know a way around it. If you are novice, start by hitting the market order button once per 5 minute bar. Analysis is way to success. What are the circumstances of each win? You should see increasing volume. What are the circumstances around the losses? You should see declining volume.
The challenge is Identifying increasing volume. Master that and you will be be successful.
This response is for etrade question. If anyone disagrees, please keep it to self. Makes for a better atmosphere. Negative thoughts will hinder you with any endeavour.
 
TraderEX said:
Momentum trading is about speed. I use a market order because it's the fastest way in. My bracket is 2 profit and 4 trailing stop loss. Try it on demo..
If your entry is correct, the bracket starts at 1-5 and moves to 1-4. At 1-4 the trade is even or down 12.50. If you are correct still, the market price will move up to the next level, dragging the trailing stop loss to 1-3. You're now bouncing between even and ahead 12.50. If the price turns against you, you lose 37.50. You need 83% winners to cover losses and fees.
This is a high volume strategy so I use 3 contracts per trade with 2k as a minimum margin account.
If you do not understand me, could be you or my explanation just try it on demo. Watch what happens with a winning trade and a losing trade.
Because this is about speed, I use the ES. The day another contract has consistent higher volume, I'll be switching.
Attention novice traders, this, requires the proper entry. I used demo for thousands of hours and market replay at 20% speed for analysis. This same plan lost small amounts at the beginning. Then broke even for months. Then my winning percentage rose above 83% for profit. If you do this and lose the problem is you and lack of know how on how the market flows.
I've posted some all green circles. 60 contracts from 30 trades resulting in 56 wins, 4 ties, and zero losses. Some trades were not single tic winners. I currently have two other plays beyond a single tic.
Experience requires an investment of time. I do not know a way around it. If you are novice, start by hitting the market order button once per 5 minute bar. Analysis is way to success. What are the circumstances of each win? You should see increasing volume. What are the circumstances around the losses? You should see declining volume.
The challenge is Identifying increasing volume. Master that and you will be be successful.
This response is for etrade question. If anyone disagrees, please keep it to self. Makes for a better atmosphere. Negative thoughts will hinder you with any endeavour.
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The hits keep coming. Lol
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This far this week. Beats working for a living. No expensive computer, using Galaxy J 3. Trade anytime, anywhere. On my way to the Great South Bay, striped bass is the prize for that event. Jeep Wrangler with no roof, no doors, and no boss. The American dream? Only time will tell.
 
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