Who best caught the SP500 move March 1 after Trump's speech?

[Mtrader]

my records show the low was 2363.25 and the high was 2401.00, a range of 37.75 points

I was referring to the RTH in Chicago. Not the 24 hours high and low.

To make 2-4 pts/day and make millions/yr one must have a very large account and be trading many multiple contracts/trade. I'm only trading one contract per trade (starting with a $25k paper trading account).

Not needed to have a big account. With 25K and margin of 25K (which is very low leveraged) you can go to 100K the first year with compounding till 5 contracts. With 5K margin you can reach over 1 million the first year.

not to mention it is theoretically posssible to exit at interim hights, short and exit at interim lows, reverse again, etc. and make even much more.

Sounds easy, but is very difficult.

 

[murray t turtle]

Thanks for the reply. Just to note: my records show the low was 2363.25 and the high was 2401.00, a range of 37.75 points - not to mention it is theoretically posssible to exit at interim hights, short and exit at interim lows, reverse again, etc. and make even much more.

To make 2-4 pts/day and make millions/yr one must have a very large account and be trading many multiple contracts/trade. I'm only trading one contract per trade (starting with a $25k paper trading account).

Your points 3 and 4 well taken, thanks again.

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Good points, Doug about his points 3 + 4; but big, big difference between practical + possible.
Actually i like paper trading ,2, helps learn levels, but it may not mean a thing[compared to real money] even though paper trades can+ does help keep me out of unprofitable trades. I never bad mouth paper trading, since i use cash + checks a lot -LOL+ true.

Also keep a record , for example how much you are taking [ES] out of an 7/8 year uptrending SPY bull market, regular market hours, CST is 8;30 am to 3;00 afternoon.

 

[Gynesis]

it was a fear so sweat no sane trader would resist putting the market order on it. the kind of naive fear that smells like money. yeah.. 11:30pm est. I bought that, only a fool wouldn't. now, I let go of the position too soon... cause finding a market bottom or top is a fools game and I had a nice fat profit off the tears that flowed that night.

 

[Gynesis]

sorry, read that too quickly, thought you were referring to the election night trade. didn't trade March 3rd according to my statement, and that's a good thing because it likely would have run over me while I continuously tried to short it in the rth.