How do you determine daily profit target?

Discussion in 'Index Futures' started by povstanets, Sep 25, 2015.

  1. schizo

    schizo

    I think you have a great point here. So what exactly is this common denominator?

    But, seriously, OP seems to make no more than 10 trades in a day. How is HFT, which flips on a dime, affecting his trades in anyway?
     
    #41     Nov 24, 2015
  2. Thought I was on elitetrader.com not hobbytrader.com

    ...My mistake
    Yah-yah we get it - Some folks like to knit, you like to trade
     
    #42     Nov 24, 2015
  3. Turveyd

    Turveyd

    Trading covers the cost of my mountain biking and climbing hobbies.

    It's a good hobby, but would drive me crazy full time, but it's there as an option if/when required.
     
    #43     Nov 24, 2015
  4. It's a horrible hobby, playing with money. If my life was so un-interesting that playing with money were my most interesting option of activities, I'd probably end it.
     
    #44     Nov 24, 2015
  5. Turveyd

    Turveyd

    Interesting, on a trading forum where I assume you err trade with the aim of doing it for a living, 1 day if ever you get good enough right ?? We could class that until your profitable and full time as also a HOBBY could we not ?

    I have many hobbies, it's the hobby I spend the least time on, to busy when the trading is good :(

    Spending $3000+ on a mountain bike hell no, unless it's trading profits then I view it as well a free bike and what the hell, if I had to work for it, I'd never waste that kinda money on toys.
     
    #45     Nov 24, 2015
  6. wrbtrader

    wrbtrader

    povstanets,

    Please explain why or how you made the decision to trade the S&P 500 Emini ES futures versus trading any other trading instrument ?
     
    #46     Nov 25, 2015
  7. iBelgium

    iBelgium

    What Market Data Subscriptions do I need to have such a screen on my PC? I was asking the same question in a new thread: http://www.elitetrader.com/et/index...ount-what-market-data-required-for-es.296389/
     
    #47     Dec 9, 2015