I heard about this a few times, but I am still to find those instruments that offers inefficiencies. Any example?
His answer will be "I can't give that information away." There will be no examples forthcoming. Stick with what you're doing. You'll be one of the few "elite traders" with profits.
I don't think that market matters. It's whether you like to get fucked nice and slow with ES, or fast and dirty with NQ? Or would you rather whore yourself with forex with various johns??
I think he/she meant some exotic, emergent, single name stocks, low liquidity... supposedly easier to forecast even if it's just price action on charts. But the few times I touched a low liquidity or exotic instrument, I felt lost. That's why I am genuinely curious. So I wonder if those are the micro cap biotech style that are super volatile and we see as highest and lowest performers o scanners? Some micro stocks with advanced balance sheet analisys? Or is it just easier to forecast a emergent market index/trend?
Up $3300 for the day but it is mad frustrating when the MM's decide to take over and run stops left & right. It is very difficult to predict where the end of their range is gonna be and the R/R is just not worth the stress.
Says who? Says you. Es/SPX/SPY is easy as pie. No more difficult than any other market. OP is on the right track. You are doing yourself a favor perhaps?
See, no examples. None. Nada. It is a disinformation. It is the explanation losers use to justify why they or others lose their shirts trading the ES/SPY/SPX. Keep it as you are. You are most assuredly on the right track. There are no secret inefficiencies to daytrading the ES. Stick to price as you are, and you'll be fine. As long as you have the capital for your size, you're going to do fine.
Yeah, but you gotta schmooze with the best to become the best. Trading those thin markets will actually put you in the disadvantage over the long run.
Sorry...I did not say anything nor made any recommendation about trading "thin markets". As for Emini ES futures... it's a great trading instrument for veteran traders that do not have discipline problems. Yet, anyone trading the Emini ES futures should also be aware of the fact its a very popular trading instrument for institutional traders and algorithym automated trading systems that make use of high-frequency trading technology...I think you referred to as schmooze with the best to become the best. Regardless, the OP implied he has discipline problems. Usually, a trader with discipline problems will use professional trade journal software (tradebench.com, edgewonk.com, tradervue.com, tradingdiarypro.com, tradersync.com, stocktickr.com, journalsqrd.com, tradingdiary.pro, mxprofit.com, trademetria.com or create your own via excel like spreadsheet) to do their quantitative statistical analysis for them so that they'll have feedback on the strengths and weaknesses of their trade strategy... Assuming they already have backtest results of their trade strategy for comparison to their real money trading results to determine if they are the problem and not their trade strategy. Therefore, for you to say you have discipline problems...you must then know your trade signal strategy is suitable for trading the Emini ES futures and the hiccup in your trading is the person you're looking at in the mirror as in you. This forum is littered (like a graveyard) with public trade journals that talk about trades as they occur but that would imply you're then taking your eyes off your screen to then go to Elitetrader.com to type in small snippets of trade info from Entry to Exit about each trade. Some even did live stream of their trading here at ET to fix the discipline problems they had...that additional stress made it worst. Those threads did not last too long and joined the list of graveyard trade journals. Yet, most stated it made their discipline worst while some stated it helped. Let us know in a few months if your thread has been helpful in resolving some of your discipline problems. If not, you may then consider starting a thread in the psychology section about the details involving your discipline problems...it may be more fruitful for you. wrbtrader