Average of 5 pt a day trading ES realistic?

Discussion in 'Index Futures' started by nicbizz, May 31, 2010.

  1. lol, lots of people sit at the screen a lot longer than that and end up LOSING money, nevermind it being easy to MAKE 5 points per day if only you were willing to spend time screenwatching!

    You imply that the only pre-requisite for making money trading is the ability to be able to concentrate for the trading day.
    Its not as easy as you would like to believe. Trust me.
     
    #61     Jun 9, 2010
  2. hmm..I wonder how I would honestly do if I did nothing but trade for 6.5 hours at least...hmmm
     
    #62     Jun 9, 2010
  3. increasenow has a very simplistic view of the world and of reality.
     
    #63     Jun 9, 2010
  4. no, I simply ask the questions or state the premises that others want to ask or are already thinking...I never curse, put people down or trash talk...those should be 'banned'...
     
    #64     Jun 9, 2010
  5. I don't need to prove anything. If you run some advanced time series analysis you can see that the ES contract is fairly predictable in many different time frames. Then again, you need a robust knowledge in market microstructure.
     
    #65     Jun 10, 2010
  6. 4) have a M.S. in financial engineering with a statistical background
     
    #66     Jun 10, 2010
  7. You seem to have been just 'treading water' for ages and ages.

    That's not necessarily an insult, because I am in a similar boat and have been trading for years and years and haven't really got anywhere.
    I've spent about 800 days staring at the charts for 12 hours per day. Some live trading and some demo trading.

    Why dont you answer your own question and actually spend the whole day trading (either in a demo account or a live account) for a few months and post propper blotters at the end of each day.
     
    #67     Jun 10, 2010
  8. Helps too to have a fresh nick so your old baggage doesn't follow you.
     
    #68     Jun 10, 2010
  9. because that is not my goal as a trader...I want to make 1-2 highly profitable trades per day and go on with my other ventures...
     
    #69     Jun 10, 2010
  10. Averaging 5 points a day, is it realistic? certainly not.
    Change the word "points" by "ticks", and yes, averaging 5 ticks a day is possible for an experienced trader.
    Still only very few traders manage to pull 5 ticks a day clean of commission.
    5 points is a dream, it won't happen.
    5 ticks is more than enough to enjoy a nice living
     
    #70     Jun 10, 2010