Trading the ES live-the Brooks way

[padutrader]

Yeah you will need about 2-3x the average daily range for swing trading, and for day trading 5min bars it would be based on the biggest spike that you would expect, plus 50% or so.

Getting shaken out with tiny stops is a guaranteed way to bleed out your account.

Have you considered funding a normal stock account with a few thousand bux?

Then just buy a few shares AAPL or NVDA, since commissions are zero on those, and learn how to get your account growing.

As Munger said: "invert, invert, invert". If tiny stops kill your profits, imagine what small targets can do.....

lovely business this.

whatever makes money do that.

 

[Sekiyo]

We’re all rich thx to Padu.
Thank you Padu.

 

[Frederick Foresight]

Es is the easiest to trade

You may wish to give that some thought.

 

[Frederick Foresight]

the irony is that i have found a million ways to lose money

Really? I thought there were only two ways to lose money.

 

[schizo]

Really? I thought there were only two ways to lose money.

Well, there are actually three ways to lose money:

1) Direct loss (eg. getting stopped out, etc)
2) Opportunity loss (NVDA vs QXO) (also getting out of the trade too early!)

3) Inflation (bet you never heard that one before!)

 

[Frederick Foresight]

Well, there are actually three ways to lose money:

1) Direct loss (eg. getting stopped out, etc)
2) Opportunity loss (NVDA vs QXO) (also getting out of the trade too early!)
View attachment 347392
3) Inflation (bet you never heard that one before!)

As it relates to trading of the kind that Padu is engaged in, I would think that the two principal ways to lose money are poor entry timing and bad risk management. Context.

 

[Sekiyo]

Only one way to lose money
Buy price >= Sell price.

You can tell 1 million stories justifying your loss.
But the trade is a loser because of this inequality.

 

[schizo]

As it relates to trading of the kind that Padu is engaged in, I would think that the two principal ways to lose money are poor entry timing and bad risk management. Context.

But then again, Padu never really shows his entries and exits, so it's hard to judge. However, everyone here is too damn gullible to believe everything Padu says at face value, and just assumes he's a losing trader. You're merely playing into Padu's hands and wasting your time (especially you, @Georgii).

 

[Frederick Foresight]

But everyone here is too damn gullible to believe everything Padu says at face value, and just assumes he's a losing trader. You're merely playing into Padu's hands and wasting your time

You think so? Damn! That does it.

 

[Frederick Foresight]

Only one way to lose money
Buy price >= Sell price.

You can tell 1 million stories justifying your loss.
But the trade is a loser because of this inequality.

True. But it doesn’t really drill down to the cause.