How many of you are CDP in ES?

Discussion in 'Index Futures' started by tenny1886, Apr 19, 2019.

  1. schweiz

    schweiz

    So what you basically say is:
    • I tried everything and nothing works
    • I am the smartest man on earth so nobody can what I cannot
    How do you know that you tried everything? You just tried everything you know, but that is not at all "everything". It is limited to your personal knowledge.
    How do you know that nobody is smarter than you?
     
    #11     Apr 19, 2019
    tdeu, SunTrader, jl1575 and 5 others like this.
  2. sillyw10

    sillyw10

    today was actually not a bad day to trade
    I do not think so..in relation to profitable trading..I think consistency should be associated with strategy..and discipline associated with emotions..after risk management they are the 2 things that will either make..or break..a trader
     
    #12     Apr 19, 2019
    tenny1886 likes this.
  3. Most people were failing in day trading prior to algorithmic trading. Find another excuse. :)
     
    #13     Apr 19, 2019
    comagnum, tenny1886 and schweiz like this.
  4. sillyw10

    sillyw10

    to answer your question..no..as not trading ES at the moment..but will be starting shortly with micro contract..which I believe will be MES

    key point is not just one point imo..for instance..the strategy has to work..meaning..it has to provide numerous low risk entries over a set period of time..then..you have to have the discipline to keep doing the same thing.. otherwise you are not allowing your strategy to work..as it is a numbers game it requires a certain amount of trades in order to work..which is the maths bit..if the outcome is not positive..the R/R ratio..then the strategy needs to be adjusted..or the discipline (emotions) fixed..or maybe both..but without feedback from actual live trading the R.R ratio will never be any good

    sim trading lacks the emotional part which really is a big part..in fact..it can be the biggest obstacle to profitable trading!
     
    #14     Apr 19, 2019
  5. What math?

    In what way do you consider ES different than other instruments?
     
    #15     Apr 19, 2019
  6. I think you jumped a couple keywords in my response like “From my” and “I’d estimate”. Nowhere did I claim what you’re assuming here. We can all jump to conclusions though, as traders can at times be egotistical maniacs.
     
    #16     Apr 19, 2019
    volpri likes this.
  7. upload_2019-4-19_14-37-2.jpeg
     
    #17     Apr 19, 2019
  8. sillyw10

    sillyw10


    which line is longer?

    hint hint..the answer is right in front of you!

    20-53-03-The-vertical-horizontal-illusion-Although-of-equal-lengths-the-vertical-line-looks.png
     
    #18     Apr 19, 2019
  9. Cute. I am however better trying to understand this statement. You're not the first one to say this.

    What makes ES different than other instruments?

    I haven't day traded or studied other markets for day trading purposes except for crude oil for a few months time, but I found that instrument much less predictable, wild and with poor fills (and also the risk of not getting filled at all).

    ES (and I'm sure the other index futures also) trades and behaves orderly and technically. It can however become challenging when the volatility disappears as can happen from time to time.
     
    #19     Apr 19, 2019
    tdeu likes this.
  10. schweiz

    schweiz

    Depends how you measure:

    The horizontal line is no problem, but the vertical line is. If the vertical line is standing on the horizontal one, they are both equal. But if the lowest point from the vertical is behind, or in front of the horizontal line, then the vertical is longer. Difference in lenght is than the thickness of the horizontal line.
     
    #20     Apr 19, 2019