FORUMS BROKERS SOFTWARE
Home
 
    Forums > Futures Trading > Index Futures > ES is the Place to Be


Reply
 
Thread Tools
Old Feb 10th, 2012, 11:33 AM   #13
KDASFTG
 
 
Join Date: Jun 2009
Posts: 115
Greetings All,

I know it sounds a bit trite and pedantic, and I don’t want to in any way diminish the very real angst of the OP. But like “Brownsfan”, I believe it’s just a matter of your perspective and your attitude.

It reminds me of the tale of the Two Shoe Salesmen. Both salesmen had just been reassigned to a remote jungle village:

The first salesman exclaims!
“My God, they’ve assigned me to a place where the people don’t have shoes”. He then proceeds to cuss, rant, and rave about how the system is out to get him, how unfair this assignment is, and about how much of an ass his boss is. He then resigns and quits in disgust.

The second salesman also exclaims!
“My God, they’ve assigned me to a place where the people don’t have shoes”. He then proceeds to rant and rave about how lucky he is to have this wonderful opportunity, how great the system is, and about how much of a great guy his boss is. He then gets busy selling and ordering inventory.

Again, I believe its not so much a question of what happens to us in the market, and in life in general, but a question of our reaction(s) to the circumstance.

One might just take a look at the thread started by “Bombardier” on this Forum. Here you will see how one person is having the time of his life trading the ES. However, years earlier, in his initial depressing and unprofitable adventure with the ES, his sentiments regarding the contract were very much like those I’ve read on this thread. However, his reaction/decision was to change his perspective and attitude, and then, good things started to happen in his trading.

It took some time, but in my life, I have come to deeply understand what James Allen said many years ago:

“Circumstance does not make the man, it reveals him to himself”.

KDASFTG
    Quote
Old Feb 10th, 2012, 11:38 AM   #14
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
Quote:
Quote from KDASFTG:

Greetings All,

I know it sounds a bit trite and pedantic, and I don’t want to in any way diminish the very real angst of the OP. But like “Brownsfan”, I believe it’s just a matter of your perspective and your attitude.

It reminds me of the tale of the Two Shoe Salesmen. Both salesmen had just been reassigned to a remote jungle village:

The first salesman exclaims!
“My God, they’ve assigned me to a place where the people don’t have shoes”. He then proceeds to cuss, rant, and rave about how the system is out to get him, how unfair this assignment is, and about how much of an ass his boss is. He then resigns and quits in disgust.

The second salesman also exclaims!
“My God, they’ve assigned me to a place where the people don’t have shoes”. He then proceeds to rant and rave about how lucky he is to have this wonderful opportunity, how great the system is, and about how much of great guy his boss is. He then gets busy selling and ordering inventory.

Again, I believe its not so much a question of what happens to us in the market, and in life in general, but a question of our reaction(s) to the circumstance.

One might just take a look at the thread started by “Bombardier” on this Forum. Here you will see how one person is having the time of his life trading the ES. However, years earlier, in his initial depressing and unprofitable adventure with the ES, his sentiments regarding the contract were very much like those I’ve read on this thread. However, his reaction/decision was to change his perspective and attitude, and then, good things started to happen in his trading.

It took some time, but in my life, I have come to deeply understand what James Allen said many years ago:

“Circumstance does not make the man, it reveals him to himself”.

KDASFTG
I agree, but I haven't really had any angst since I quit trading ES. All I was saying is, that when so many say it is hard, that must mean that it is again easy, if you know what you are doing.
    Quote
Old Feb 10th, 2012, 11:48 AM   #15
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
some of the best times trading ES was after the dot com bubble burst. All you ever heard was traders complaining that you couldn't buy an IPO on the open and make a fortune on the close anymore. And those little of us just kept plugging away scalping ES day after day. It was very easy.

The kind of opportunities we looked for are no longer available, so many say it's no good any more.

But we made a lot of money when everybody else was saying the old opportunities they had were no longer available.

So like I say, when so many say the old opportunities are no longer available (myself included) that makes me think a new opportunity is available for an astute trader.

And you don't have to be very smart to be astute.
    Quote
Old Feb 10th, 2012, 11:55 AM   #16
oldtime
 
 
Join Date: Jun 2011
Posts: 7,479
it's sort of like the guy who walks through a run down neighborhood full of foreclosed homes and vacant lots and closed businesses, and see's an opportunity
    Quote
Old Feb 11th, 2012, 12:59 AM   #17
jnbadger
 
 
Join Date: Nov 2004
Location: Wisconsin
Posts: 1,647
Quote:
Quote from oldtime:



...you don't have to be very smart to be astute.
Whew.
    Quote
Old Feb 11th, 2012, 02:12 AM   #18
traderslair
 
 
Join Date: May 2011
Posts: 451
I trade the ES and I make money out of it. The only thing that is nasty IMHO about the ES that my scalps can take a LONG TIME.

I mean like really a long time, like hours. Other less liquid markets have the same trades but because they are more thin the trades goes faster.

Remember: The more liquid a market the less volatile.

The higher the volume, the lower the volatility.

That's the reason that it looked that the ES was easier to trade in the old days, it was just more volatile due to lower volume.

Trading futures 101. You should think people know all that stuff right?
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
AMP Global Clearing
Futures and FX Trading
Collective2
Automated Trading Services
CTS
Futures Trading Software
dom993trading.com
NinjaTrader Consulting
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
NinjaTrader
Trading Software Provider
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thenut-trader.com
FX, Gold, & Stock Signals
TradersStudio
System Building & Backtesting
Tradier
Equity and Options Trading
Trading Technologies
Trading Software Provider