yup, i will probably get my ass kicked by someone like acrary, but that's ok. i'll probably make ~5 trades or less. i don't scalp, so posting trades within 1 minute should be fine. i will post the grand total at the end of day as net points gained or lost per contract. i will be playing as "#1 Trader" to give myself a mental boost.
DAMN! You are indeed an elite trader! I didn't get to trade today, but what's the point, you blew this contest away.
Trade #1 + 9.5 pts (1 entry with 3 "adds") Trade #2 + 10.25 pts (1 entry with 5 "adds") Trade #3 + 2.0 pts (1 entry) Trade #4 + 0.75 pts (1 entry) Trade #5 + 5.0 pts (1 entry with 1 "adds") Trade #6 + 6.75 pts (1 entry with 3 "adds") Trade #7 + 10.50 pts (1 entry with 8 "adds") of trading work out in the long run ? whenever I try to average down a position I usually lose my shirt
I was out all day with my family, so sorry I did not respond to questions earlier. I use the 5 min charts during the trade day with occasional looks at the 15 min/60 min/ and the daily. I do not scale into trades all the time (maybe 10% to 15% of trades over the last year), so today was not the norm. Also, with the volatility levels low I feel comfortable scaling into some trades based upon how I feel the market will move for the rest of the trading day. I would never scale into trades with moderate or high levels of overall volatility, so I select this type of trading only under certain conditions. In regards to all the methods of computing points per contract, I just like to keep it simple (today 48 pts for 5 ES or $12,000). I will answer more questions tomorrow, because I am going to get some sleep tonight. TTYL! Chris
to all ya guys who think AMT's gonna teach ya how to make 10 points a day dont bet on it I know cuz I've seen something similar happen on ET many times. If you got someone like that who's for real, usually they wont teach ya
They're all going back to the drawing board and thinking "Now I understand. All I need to do is take small profits when I see them and keep adding to losing positions to score the big home runs." hehe jk, nice trading AMT
Ok, ok, I admit that not everybody who averages 1 pt per day can make 100000% per year. What I meant to say was, It is possible that someone makes more than 100000% in a year by averaging 1 point per day.
Someone noted he made 15.437 per contract. That is probably wrong from your point of view. It seemed fairly good to me as a practical result. I do not know precisely, it is difficult to tell from the record. I tried to post on ET in real time a while back and couldn't. There is probably no way in ET to constructively make anything related to real trading known to others. It is not because the person can't trade in a given way, it is just because there is no common way or basis in which anything in ET can be considered. People would have to be considerate in many ways for anything to transpire here. That won't happen because of the people here. Use your value and consider it the correct one. My personal value for the day was 12.3 and it is way less than I try for based on the 8.0 H/L range. It took me 32 trades which is about 12 more than my usual top of 20. The market was really messy as I saw it and never very rewarding.
When I posted this I had not read anything after your post telling me off. I didn't comment on the chart duration; it was evident to many of us. But the way you chide and and talk doesn't make it easy for people to explain stuff to you, ever. You probably think of others as fitting into categories and how could they say any thing that is worth considering since they are in that category you assign to them. Your trading methods are what they are. If you ever make an effort to improve them, you probably do it because of something that has been available to others for a long long time. You pass by a lot of good stuff by deploying your life style habits that kill anything getting to you in any way.