Yes, I trade the ER mini almost daily. There is a 10 point range most days. Emotional control together with a sound method can work, the program shows this is true.
OK, I honestly believe you do. It's just that I see a 10 point range 5 days out of 10, not almost daily. It used to have a 10+ point range daily, but now it appears to track very much in-synch with the other major indices (which, BTW, is the BIGGEST arguement for developing a fully automated trading system around). Good trading, Jimmy Jam
This program trades one er from cash. I work to follow the system on futures. It makes about $400 /day.
I see. It's an automated system, whose signals you are taking, but you are actually pulling the trigger in the ER2. As far as the money is concerned, "sometimes it makes a much greater amount than $400 per day, other times it makes substantially less, but it averages out to approx. $400 per day". Correct? JJ
This is true. Averages $400. Substantially less is about $500. loss...about $100/trade. Not so easy unless fully automated, then it could be easy. Some people do it! That's the main point. Its good to have a target.
Like Linda Raschke from Market Wizards stated on her web page...the market shoots all it bullets at once.. after a huge 15 point move, like on the 21st, expect alot of consolidation. On Fridays, not much news anyway.