Who here trades index futures for a living?

Just my two cents. I've been profitable day trading options for 19 months now and have met lots of traders as friends in the last few years in San Francisco and Chicago and have yet to find more than 1 person who can make a living trading eminis or the mini dow. I don't see where the edge is.
 
Quote from toucan:

HORTON...

I trade futures for: indexes, currencies, crude, natural gas, gold and copper.

Average wins/losses 50-60%.... non trending day 40-50% and trending day 60-70%

Average profit/loss is about 2.6 to 1.0 but this is hard to calculate due to multiple contracts per trade and separate exit points per trade.

All technical from chart using time and price action

Partially automated on entry side, and fully automated trade management.


cheers

toucan
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Thanks very much. I asked about Wins and Losses in terms of ticks to get a feel for style. Are you in and out several times a day or just taking one or two setups per day in each instrument as warranted?
 
Quote from horton:

Thanks very much. I asked about Wins and Losses in terms of ticks to get a feel for style. Are you in and out several times a day or just taking one or two setups per day in each instrument as warranted?
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Horton....

I daytrade so I am in/out several times each day.

I trade what moves, so I tend to trade indexes in a group, euro,canadian dollar, swiss franc and british pound as a group, aussie dollar, new zealand dollar and yen as a group.... mexican peso, crude, natural gas, gold and copper each separately.

So, often if one symbol in a group moves, others in that group will move, so I trade more in that group.

Also... I mostly trade currencies from the futures open until the nyse opens and then switch to indexes. I trade crude, natural gas, gold and copper when ever they move.

So far today, I have taken 8 currency trades, 5 index trades and 2 other symbol trades.

Hope that helps

toucan
 
Quote from toucan:

Horton....

I daytrade so I am in/out several times each day.

I trade what moves, so I tend to trade indexes in a group, euro,canadian dollar, swiss franc and british pound as a group, aussie dollar, new zealand dollar and yen as a group.... mexican peso, crude, natural gas, gold and copper each separately.

So, often if one symbol in a group moves, others in that group will move, so I trade more in that group.

Also... I mostly trade currencies from the futures open until the nyse opens and then switch to indexes. I trade crude, natural gas, gold and copper when ever they move.

So far today, I have taken 8 currency trades, 5 index trades and 2 other symbol trades.

Hope that helps

toucan
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What kind of chart or indicators you use?
Very impressed for your win/loss performance...
Very good for reference,, "trade currencies from the futures open until the nyse opens and then switch to indexes"...
Is it possible to post some video for your trading...
Thanks so much for yr sharing.

-Steel
 
Quote from steelchueh:

What kind of chart or indicators you use?
Very impressed for your win/loss performance...
Very good for reference,, "trade currencies from the futures open until the nyse opens and then switch to indexes"...
Is it possible to post some video for your trading...
Thanks so much for yr sharing.

-Steel
More...


Steel.... I will see what I can do after trading tomorrow.


toucan
 
Hi ggsn1,

Are you a directional trader, or a vol trader... with options, it's either correct direction or correct volatility that makes money...

Walt

Quote from ggsn1:

Just my two cents. I've been profitable day trading options for 19 months now and have met lots of traders as friends in the last few years in San Francisco and Chicago and have yet to find more than 1 person who can make a living trading eminis or the mini dow. I don't see where the edge is.
More...
 
Quote from ggsn1:

Just my two cents. I've been profitable day trading options for 19 months now and have met lots of traders as friends in the last few years in San Francisco and Chicago and have yet to find more than 1 person who can make a living trading eminis or the mini dow. I don't see where the edge is.
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What's the difference between day trading ES and options?

Where is the 'edge' in day trading options VS ES?

Thanks.
 
Quote from Syprik:
two consecutive PnL career records for me
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Quote from newgptrader:
betting big and bold
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Quote from Dennis Preston:
I am profitable most every day
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Quote from RichardRimes:
provides a tidy supplement.
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Quote from toucan:
Average profit/loss is about 2.6 to 1.0
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Quote from ggsn1:
I've been profitable day trading options for 19 months now
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Whoa, I'm subscribing to this thread! Everyone's making $$$.
 
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