Trading the E-mini: Results Comparison

[Pekelo]

Why do people here so often compare the retail trader to hedge funds and institutional investors?

Because people are most often morons. Or because most often only the HFs' numbers are available for comparisons.

I kind of discovered this thread too late, but nobody pointed out that 5-10 points isn't scalping...First I thought OP meant 5-10 ticks, but anyway, it is moot now...

 

[speedo]

Because people are most often morons. Or because most often only the HFs' numbers are available for comparisons.

I kind of discovered this thread to late, but nobody pointed out that 5-10 points isn't scalping...First I thought OP meant 5-10 ticks, but anyway, it is moot now...

5 to 10 ticks could be a reasonable target for the well prepared and funded (not margin minimum!!) noob, but 5-10 points!?....yeah right

 

[algofy]

First day blown account??

 

[algofy]

First day blown account??

Farewell eagle

 

[Hobbs The Cat]

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

What is "The Emini"? Are you speaking of the ES contract ? If you are trading the ES, what do you consider "one point"?
The ES moves in "handles", and "ticks". There are 4 ticks to a handle. The YM moves in Dow "points". Each point is a tick. The spread on the YM and ES is typically "one tick".

If your profit is ten handles on ten trades, and it's $50 per handle, then that equals $500. If you have 3 losing trades in a row and your stop is filled at worst case, 5 ticks below your entry (it's set at 4 ticks by your description), that means you are down $62.50 per losing trade. You would have to have 4 winners in a row to be profitable that day. What I just did is money mgmt. analysis.

If you convert your strategy to "code" then you could backtest how many trades fit your criteria daily in the past 'x' days, 'x' weeks, 'x' months.

Good luck, hopefully you'll let your winners run longer and tighten up on your losses after you get the hang of it. The most depressing thing in discretionary trading was getting out of winners too early.

Hobbs sez {meow}

 

[algofy]

What is "The Emini"? Are you speaking of the ES contract ? If you are trading the ES, what do you consider "one point"?
The ES moves in "handles", and "ticks". There are 4 ticks to a handle. The YM moves in Dow "points". Each point is a tick. The spread on the YM and ES is typically "one tick".

If your profit is ten handles on ten trades, and it's $50 per handle, then that equals $500. If you have 3 losing trades in a row and your stop is filled at worst case, 5 ticks below your entry (it's set at 4 ticks by your description), that means you are down $62.50 per losing trade. You would have to have 4 winners in a row to be profitable that day. What I just did is money mgmt. analysis.

If you convert your strategy to "code" then you could backtest how many trades fit your criteria daily in the past 'x' days, 'x' weeks, 'x' months.

Good luck, hopefully you'll let your winners run longer and tighten up on your losses after you get the hang of it. The most depressing thing in discretionary trading was getting out of winners too early.

Hobbs sez {meow}

lol, handle is a nickname newb. 4 ticks to a point. Blind leading blind.

http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html

 

[fademetrades]

20 points is also rookie numbers, hardly worth the time.

how condescending can you get big shot?

 

[algofy]

how condescending can you get big shot?

A little bit more than previously stated.

 

[Overnight]

What is "The Emini"? Are you speaking of the ES contract ? If you are trading the ES, what do you consider "one point"?
The ES moves in "handles", and "ticks". There are 4 ticks to a handle. The YM moves in Dow "points". Each point is a tick. The spread on the YM and ES is typically "one tick"...

So how many handles are there in CL, from say 40.00 to 41.00?

 

[algofy]

So how many handles are there in CL, from say 40.00 to 41.00?

Handles is old pit slang. Prob some cool hand signal to go along with it.