Is anyone consistently profitable with the ES?

Discussion in 'Index Futures' started by John1000, Sep 10, 2014.

  1. Yes I know people who are consistently profitable scalping the es. That however doesnt mean you will make money in it consistently. Your trading style might not be compatible with the es. I wish I could say I could pull profits day in day out but I am forced to trade other things most days because thats where my style fits. First figure out a trading method that works for you wether it be purely technical or fundamental, charts or no charts. Once you have a profitable system you have to be changing it to keep up with current market conditions. Whatever scalping method worked in the high volatility periods of a few years ago, may not necesarily work with todays low volatility environment. The key is being able to adapt your system and simply stop trading when its not profitable. The best traders are the ones that can adapt. Dont get so frustrated if you cant make money in the es. Some people have a knack for it but others find it a tough nut to crack.

    And in response to nodojis method. you can probably make any system like the one she stated profitable, as long as you have sound money management skills and good trading abilities. The very randomness of the intraday moves almost guarantees you'll be given many opportunities to get out at a 1 handle profit. Whatever gives you confidence that the trade will work is enough to make you hold on to the trade until you get your profit. That might mean holding it to a loss much greater than your expected profit. Trading is more of a mind game than anything else. I would say the more difficult and part of trading is learning how to manage trades and knowing when to hold on and when to bail. Its these things thatcan dramatically alter overall system profitability. The entry is just an excuse to be in a trade. Make the entry as simple or as complicated as you want but it HAS to give you confidence that you will win, otherwise dont bother because you will take the loss on the first chance you get.

    I forget who said this but someone stated that it could be possible to be profitable using a random entry system as long as you know how to manage a trade. With each passing day I believe that quote to be more and more true.
     
    #21     Sep 22, 2014
  2. Yes it is.

    I can assure you this Nodoji doesnt trade. So, they are not an 'experienced trader'. Those in question (nodoji and dbphoenix) are just 'experienced posters'. Nothing more. Its as clear as day to those who do. Read a few of Nodojis posts. Its ALL hindsight stuff and very basic. Mostly based on looking at past charts and saying 'woulda-coulda-shoulda'.

    Im not suggesting trading has to be complicated - it doesnt. But it does have to have some thought and reason behind it. This is why Im asking these two charlatans to post some simple explanation as to why the method works over time.

    'it worked last week' just dont cut it. You cant base a career on that.
    Im not asking for back tested results
    Im not asking for statistical analysis
    Just a simple few lines as to how this offers some quantifiable edge.

    It is clear to all that they have both failed to do this. They are unable.
     
    #22     Sep 22, 2014
    Van_der_Voort_4 likes this.
  3. LOL. You have the same sense of humour as a teenager. Does mummy know you are on the internet talking to strangers? Id start listening to teacher when you get to school tomorrow as its clear you are a slow learner. At risk of repeating myself for the mentally challenged, I have already figured it out. Its a shame you havent.

    Looks like all those late nights mummy spends walking the streets raising cash for your extra lessons aint doing a damn bit of good. Shame.
     
    #23     Sep 22, 2014

  4. Indeed it is.

    As I anticipated: You would be unable to offer the requested explanation, and instead retort with some smart ass reply. If I can tell what an individual will do, then I can can tell what their silly systems will do. lol

    It comes from experience as I stated before. Perhaps you should join Fortune Teller as he retakes 3rd grade?

    Interesting you point out:
    'all of the possible entry methods, rr, trade mgt, charts....'

    Do you think any of these will make any difference if there is no foundation to start off with on why the relationship between 1 and 5 min time frames offers ZERO ability to anticipate advantageous risk reward relationships? That is after all what you are suggesting - even if you dont realise it.

    These points do however demonstrate your lack of understanding of financial markets which you proclaim to be an expert on, but which in fact, you know ZERO about.

    To get to the point, I think you are one despicable person. You are ignorant, you are stupid, and you are shameful. You are perhaps too stupid to realise it however. You offer nothing but false hope and 'advise' that is of absolute garbage to struggling traders. All you do is prolong their eventual demise. You also insult people like myself who have reached a level of success in this field through hard work and lots of it. I know how hard it is and the efforts and sacrifice involved. You however prance around, puking utter garbage about your 'path to success, mentor, blah blah blah'. It's all BS. I've been in this industry since 95. Ive traded others money, Ive worked with banks, funds, myself, etc. Ive seen traders come and go. Ive seen firms come and go. I know what it takes and I know your just full of crap and I find it insulting that you do so much damage to others.

    You actually help no one. Zip.

    So, prove me wrong. Post something of value and answer my questions. Just a few lines. You cant do it can you? Because youre FALSE.


    Anyway, Im off for a weeks holiday in India later today, so doubt I will post on this thread again. You can do that kind of thing when your successful you see. More to life than posting on the internet - shame you'd never know that!

    I bet you never ever answer my questions. Why? Because you cant?
     
    Last edited: Sep 22, 2014
    #24     Sep 22, 2014
  5. NoDoji

    NoDoji

    Based on the nature of your posts I don't doubt any of this one bit. :D
     
    #25     Sep 22, 2014
  6. I know you have no reason to take my word for it, but I have heard Nodoji call many a trade in a group setting well in advance and I can assure you her win rate is well above 70%. I have never seen her P&L nor do I need to see it; I am quite confident she does very well for herself.

    I have tested many of her ideas and have found all of them to have a positive expectancy if you will do the work.

    If you choose not to followup on some of her ideas and do the work for yourself, it is your loss. The funny thing is she is probably laughing all the way to the bank at you.

    Wolf
     
    #26     Sep 22, 2014
    Bob111 likes this.
  7.  
    #27     Sep 23, 2014
  8. Still unable to answer basic questions I see.

    I guess you should keep to what your good at: paper trading, hindsight trading, and regurgitating the same old rubbish one reads for free all over the web.

    If you refuse to answer basic questions and back up your clap-trap ramblings, perhaps you will answer this one:

    Why are you here? What enjoyment do you get talking such bullshit about a topic you know very well you know nothing about? I think it's just for the ego. But what utility can be fostered? I mean whats the point? It cant be altruistic as you dont actually know anything that would of use to anyone.

    If you had any trading talent at all, you wouldnt spend as much time as you do on this site. Successful traders dont waste as much time rambling to idiots as you do - and thats a fact! We are too busy enjoying ourselves or trading.
     
    Last edited: Sep 29, 2014
    #28     Sep 29, 2014

  9. Wrong again. I'm back as I said I was only away for a week.

    You are making the same error you made on your last post. I guess your stupidity is permanent. This explains why people like you are drawn to nodoji like flys are drawn to shit (pun intended).

    Probably best if you shut up and stop being the joker. You only embarrass yourself.
     
    #29     Sep 29, 2014
  10. NoDoji

    NoDoji

    "Any sufficiently advanced technology is indistinguishable from magic." - Clarke's Third Law

    Why do I spend so much time on this site? The main reason is because several experienced traders tried to help me out when I was making one dumb mistake after another, and I enjoy doing the same (knowing full well that nothing can be taught; only seeds can be planted).

    But I don't want to discount the joy I get when I read posts like yours above. Only John Oliver and Lewis Black get me laughing this hard.

    :D
     
    #30     Sep 29, 2014