illiquid
Registered: May 2002
Posts: 3498 |
06-10-03 05:37 AM
Quote from howardy2k:
How difficult is it to make 1k consistenly on a daily basis from the emini?
2k?
Throw out your preconception of making X amount of points or dollars per day, and there's a start.
People starting out envision daytrading as just "taking out a couple points per day" because that sounds like the easiest way to generate steady income -- nothing could be further from the truth. Sit in front of the screen all day, and count how many times the ES makes 2 point moves -- what can you learn, if anything, when your daily target is being made 100x or more daily? How do you differentiate a good trade with noise/random outcome? Trading for "a couple points per day" is an ultimately futile exercise, and starting out your daytrading career with this seemingly "simple" goal is a big mistake IMO.
Instead, how about learning to only trade when you think you can capture 10 ES points in one trade intraday? In this case, you might actually learn something about the market 
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