Trading the E-mini: Results Comparison

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GoldenEagleTrading

I've been working for about a year and a half on developing a strategy to scalp 5-10 points off the E-mini daily. Profit target is one-two points on each trade (avg. time 8 minutes) stop is one-point. If I am able to reach the 10 points per day, that's 100% return on my money ($500 to open a contract) per day. How does that stack up to what other e-mini traders on this forum are making?

Best,

Golden Eagle Trading
Palm Beach, Florida
 
GoldenEagleTrading said:
I've been working for about a year and a half on developing a strategy to scalp 5-10 points off the E-mini daily. Profit target is one-two points on each trade (avg. time 8 minutes) stop is one-point. If I am able to reach the 10 points per day, that's 100% return on my money ($500 to open a contract) per day. How does that stack up to what other e-mini traders on this forum are making?

Best,

Golden Eagle Trading
Palm Beach, Florida
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Anything under 20 emini points per day is rookie numbers.
 
GoldenEagleTrading said:
I've been working for about a year and a half on developing a strategy to scalp 5-10 points off the E-mini daily. Profit target is one-two points on each trade (avg. time 8 minutes) stop is one-point. If I am able to reach the 10 points per day, that's 100% return on my money ($500 to open a contract) per day. How does that stack up to what other e-mini traders on this forum are making?

Best,

Golden Eagle Trading
Palm Beach, Florida
More...
Have you executed this "100%" per day strategy, live, with actual fills and achieved said result ?
 
I'm implementing the latest version of the strategy beginning next week. I have been "calling the ball" with live market trading (not simulated) though for some time now. It's taken me, as I said, over a year and a half to get to where I am. Fills aren't a problem. We are only talking about one contract. You can get 100 contracts filled on the E-mini, no sweat. Why do you ask? The previous poster didn't seem too impressed with those results.
 
GoldenEagleTrading said:
If I am able to reach the 10 points per day, that's 100% return on my money ($500 to open a contract) per day. How does that stack up to what other e-mini traders on this forum are making?

Best,

Golden Eagle Trading
Palm Beach, Florida
More...

I dont understand all that: 100% return? 500$ to open a contract? It seems you are already a trading firm but shouldn't be smarter first try your strategy and then build your trading firm? (it seems you are already one).
Many details missing from my point of view.
 
Javier said:
I dont understand all that: 100% return? 500$ to open a contract? It seems you are already a trading firm but shouldn't be smarter first try your strategy and then build your trading firm? (it seems you are already one).
Many details missing from my point of view.
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What do you mean by "trading firm" I would say this cat's trading firm is locked down.
 
Not sure what you mean by "locked down". As background, I started a trading company 2.5 years ago as a total novice. Traded oil ETF's through Fidelity taking advantage of their no cost day trade margin facility and was making around $1,000 per day. Best day was $7,000. I had no experience trading, no risk management in place, no stop loss, nothing and wound up losing everything I made. Moved to futures contracts because of the leverage and decided to educate myself on the subject. Found what I thought was the best course (very expensive $5,000) with "live" real money trading at "School of Trade"-not the case according to the CFTC complaint for fraud filed against Joseph James et al.- didn't make any money and decided I needed to devise my own strategy based in part on the "real deal" price action teachings of Dr. Al Brooks. Fast forward to today and my strategy allows for 5-10 trades of one-point each, with a one-point stop. With one contract ($500 to open at a discount brokerage), assuming 10 successful trades in a day that's a $500 profit or 100% return on the capital you have tied up in trading that day (i.e. $500 to open one contract), less commissions and taxes of course. Hope that makes it clearer.
 
GoldenEagleTrading said:
Not sure what you mean by "locked down". As background, I started a trading company 2.5 years ago as a total novice. Traded oil ETF's through Fidelity taking advantage of their no cost day trade margin facility and was making around $1,000 per day. Best day was $7,000. I had no experience trading, no risk management in place, no stop loss, nothing and wound up losing everything I made. Moved to futures contracts because of the leverage and decided to educate myself on the subject. Found what I thought was the best course (very expensive $5,000) with "live" real money trading at "School of Trade"-not the case according to the CFTC complaint for fraud filed against Joseph James et al.- didn't make any money and decided I needed to devise my own strategy based in part on the "real deal" price action teachings of Dr. Al Brooks. Fast forward to today and my strategy allows for 5-10 trades of one-point each, with a one-point stop. With one contract ($500 to open at a discount brokerage), assuming 10 successful trades in a day that's a $500 profit or 100% return on the capital you have tied up in trading that day (i.e. $500 to open one contract), less commissions and taxes of course. Hope that makes it clearer.
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And you are trading this live for the first time starting next week? Did I catch that right?
 
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