And that would depend on what kind of trader you are. Scalping ES is one thing; spreading interest rate Flys is another thing.
i posted this short while ago https://www.elitetrader.com/et/threads/how-to-stop-information-overload.335195/#post-4911098
I definitely respect your opinion. I also respect my own opinion as well as Goldman Sachs. For whatever reason, you seem to be coming off with very strong emotions on this subject. If this represents displacement because of a negative event in your life, so be it, and I hope things improve in that area for you. Please reread this thread tomorrow with an open mind to see if it might be appropriate to adjust your position on this subject, given the sound analysis by others.
Oh, gimme a break. If you REALLY know what you're doing in the financial markets, you could trade the ES for 2 points per day on a 20-lot. That's $500K/year... and you could do it with $10K initial margin. (I have a wealthy fried who claims to one year to have captured 9.5 points/day. Having that in mind, I haven't been able to do that well. But if he can make that, perhaps it's reasonable for you to make 2?) Highly leveraged or not... as a trader you should be able to take 2 points/day from the ES. (If you don't feel capable of that, keep working on it. Rewards await.) You don't have to "kill it". Grind out 2-points per day and you will wind up being the next Tom Vu.
There have been a few stories about fund managers hiring poker players to potentially juice their investment results. So far, haven't heard of any success from that effort. No surprise to me, as I view champion poker players having ZERO skills to transfer to markets trading. Some people like to compare poker trading to financial markets trading. I see that as comparing a "box of rocks to a fruit salad"... that is ZERO correlation whatsoever.
Hi Scat, So would you say that the concept of maximizing the size of one's wins and minimizing the size of one's losses does not transfer to trading/day-trading?