I AVERAGE 10 pts daily day in and day out past 7 years without ever looking at volume. I don't even have it on a chart so that is why I was curious about this Delta. But if it is based on divergence then I have a problem because I am risk averse. And yes, I am now going to go for size(beyond my 20C) big time now that I am ready.
Very happy to hear. Of course what I do or do not think about your statement really doesn't matter to you. Does it?. If it were a poker game, I'd gladly pay you at the river to see your straight flush. JW
7 years x 250 trading days x 10 pts daily = 17,500 pts or $875K trading a single contract. Come to think of it, that's worth a dedicated thread to be aptly named "Making $875K in 7 years trading a single contract". I am starting to sorely miss that meaningful delta conversation back in the thread. AMT, may day, may day!
It must have been hard to stay below 20 lots for 7 years, when the market can take 200 lots just as easily. Let's give him an A for patience. Really this is just for fun. I'm jealous. That's all. JW
Trading 20C NOW... traded less for a long time. I allocated most of my risk capital to Gold and Crude Oil and it paid off handsomely since '02. Now it is risk capital freed up for ES. ES is the reason to get up in the morning and play the game. Just bought all new high powered computers($5k) with 30" monitors- can't do size with the puny 19"ers after all. LOL. Just found out the new computers don't use frontside bus. NO indicators you would recognize. Simply a proprietary system that works for my style of low risk trading in any commodity from Lean Hogs to S&P. For example, I have never stayed in ES overnight or the big S&P before that, that I traded direct to the desk on the floor. I have never moved a stop loss once entered- never. I only trade about 200 days a year because many days are too risky for me. But I don't lose money. If I'm wrong I get stopped out. I never add to a losing position. Too many traders blow out like that. Have you ever heard the expression " How do you make a small fortune in commodities?" The answer: "start with a large one" is misunderstood. Everybody laughs, Ha Ha. But what it really means is you NEED a lot of money to make money so you only risk 1-2% of capital. How many people do that? That's why I haven't increased the # 0f C until I was ready. I believe there are many large traders who take the money from the one lot traders who don't treat it like a business. I get up at 5:30 everyday and spend 7 hours in front of the screen. If I leave my desk, even to go to the bathroom or make a cup of tea I take a laptop so I won't miss a trade.
Good for you Ken, it seems you've found your game . . . . wishing good fortunes to you . . . In the meantime time I'll keep working to find my game . . . I'm hoping that you're not on the other side of my trades . . .
I really see that you have invested a lot in my (and others?) opinion of you. Every post you make, makes less sense to me, but really the only thing that matters is what you think of yourself. Titan or liar, it only matters to you. I must say that I do not feel any jealousy whatsoever right now, since I like to take my shits in peace and without a laptop hanging on my neck. I also don't think much of tea drinkers. JW
11:41AM (june 25): Qs at 36.26. My models tell me to take profits on longs, and start scaling in on short side. The short side should however be with a lower size. Good luck folks!