Wow...what a diffence the FOMC makes...some big contracts coming in on the time and sales...there are traders trading some biggg money folks.
Winning, Losing & BetSize trading the ES
- Thread starter ElectricSavant
- Start date
don't say doubtful you are taking the fun out of this....
Just check it every AM before trading.
As others have mentioned you want to know where you are in relation to key levels of current and previous activity, similarly you want to know if a report is going to come out. I remember you saying you were in CA now. So the larger reports come out at 5:30 and 7:00 PST besides that you only need to be aware of the occasional FOMC release, Trump tweet, triple witching or terrorist attack.
Of course if you are able to replicate your sim performance with live trading (which is doubtful) and you can still make money with your broker occasionally auto-liquidating your positions it wont matter.
woh!..the bid and the ask got filled at the same time....
I had a huge profit on this last trade-set but I had this pesky outlier I had to take out...this first in last out rule or whatever it is...much different in Forex in bitcoin funded foreign acct's that accept US clients lol. I hand hundreds in profit but only ended up with $14.28 after commish.
In hindsight I should not have been so aggressive to get flat...shit it was only 1 contract dangling around...1k = 80 ticks. My thinking at the time was that its better to take $14.28 and preserve a $536.08 profit for the day than to lose $463.92 for a whole days work.
49RT's +$662.50 (commish $126.42) NET $536.08
Daily loss limit moved to $463.92
My fixed costs are just membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this.
ElectricCountsEverythingSavant
In hindsight I should not have been so aggressive to get flat...shit it was only 1 contract dangling around...1k = 80 ticks. My thinking at the time was that its better to take $14.28 and preserve a $536.08 profit for the day than to lose $463.92 for a whole days work.
49RT's +$662.50 (commish $126.42) NET $536.08
Daily loss limit moved to $463.92
My fixed costs are just membership fees ($199.00/mo). Charts free. Exchange fee $5.00/mo. My labor $35.00/ hour. Income Taxes ummmm got to think about this.
ElectricCountsEverythingSavant
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I want to thank all of you for contributing to this thread. You have made the experience real...even if its sim. I am learning so much on how to lose all my money in which I am grateful 
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Wouldn't it be great if the time and sales showed trade id's ? 
I could attach the other side to all these big prints! Trading should be transparent to us...hehe
I could attach the other side to all these big prints! Trading should be transparent to us...hehe
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I bought a new built home in Arizona and got out of my 50 year old home in Colorado...what a difference.
So the larger reports come out at 7:30 and 9:00 my time.
ES
So the larger reports come out at 7:30 and 9:00 my time.
ES
Just check it every AM before trading.
As others have mentioned you want to know where you are in relation to key levels of current and previous activity, similarly you want to know if a report is going to come out. I remember you saying you were in CA now. So the larger reports come out at 5:30 and 7:00 PST besides that you only need to be aware of the occasional FOMC release, Trump tweet, triple witching or terrorist attack.
Of course if you are able to replicate your sim performance with live trading (which is doubtful) and you can still make money with your broker occasionally auto-liquidating your positions it wont matter.
This is very, very, very concerning.
I honestly think its time for you to put on some live trades. If you don't, you are only practicing a system that might have no hope of ever running live. Then you will only reinforce behaviors that will not work in a live market.
In my experience, when the market is stuck in a 1 tick range going from filling on the bid and ask, you usually get filled on the side that will be wrong. For example, if you're hoping to get long, your bid usually will not fill, but it will feel just as the market is about to drop.
You need to feel this stuff out in the real market with real fills before you get ahead of yourself.
Gotcha,
Appreciate your points but I am not ready to trade "Live". It is nice to have a system while learning the DOM. It's not like I am a new trader..I probably have traded longer than most people in ET. It's just that I am starting all over. There is no newbie that can pick up things as fast as I have demonstrated...its just that CALLumbus will tell me when I am ready
greg500 and Mark Brown have some interesting posts that I am trying to understand in the bid/ask thread.
I really started out to learn the DOM. But I find it very hard. I cannot lean on ledges and such unless I had more capital.
I can utilize the Sim to find high probability set-ups. Do any of you do this?
ES
P. S. I know I could make a small amount of money going "Live" as I would discount everything with one tick...I just would not be so active (missed trades) and no where near the profits I am simming now. I would probably "Sim" and find those few times that I could enter on "Live" with high probability of getting two ticks without a "thinning" event. Run the "Sim" on the left and the "Live" on the right... side-by-side.
Appreciate your points but I am not ready to trade "Live". It is nice to have a system while learning the DOM. It's not like I am a new trader..I probably have traded longer than most people in ET. It's just that I am starting all over. There is no newbie that can pick up things as fast as I have demonstrated...its just that CALLumbus will tell me when I am ready
greg500 and Mark Brown have some interesting posts that I am trying to understand in the bid/ask thread.
I really started out to learn the DOM. But I find it very hard. I cannot lean on ledges and such unless I had more capital.
I can utilize the Sim to find high probability set-ups. Do any of you do this?
ES
P. S. I know I could make a small amount of money going "Live" as I would discount everything with one tick...I just would not be so active (missed trades) and no where near the profits I am simming now. I would probably "Sim" and find those few times that I could enter on "Live" with high probability of getting two ticks without a "thinning" event. Run the "Sim" on the left and the "Live" on the right... side-by-side.
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