Exactly... brings up some fond memories of a total idiot on Hitman's board (some jerk going by the name of Will1) who reckoned he could average 9 points a day on a single contract
I've been doing the markets for 25 years... Regardless of the market vehicle, (stocks, options, futures, etc.) 1. Only a handful of traders have ever documented a 10 year average return of 40%+ on "significant" money. 2. Less than .1% have documented 30%+ for 10 years. 3. John Templeton is regarded as a GENIUS for a 15% return for 38 years. (Frankly, I don't find that especially impressive.) If you can trade ES for an average of 2pts/day, that's 50% annual return on unleveraged money. How? a. Recognize your #1 most reliable trades, #2, #3, etc. b. Eliminate unproductive strategies (If you're #3's are not producing net profts on their own, forget 'em.) c. Be diligent about stop discipline. When in doubt, STOP OUT! If you're going to make a mistake about stops, make it that you stopped out too early.
Here is the "HITPOST" Jaiko: http://moneycentral.communities.msn...LastModified=4675420223651477465&all_topics=1