1. BTW this is purely hypothetical , I'm not really mentoring , just a random thought 2. price of 3 NYU admissions means = Price of 3 New York University admissions ($200k for 4 year college) 3. Well a good system actually can trade all timeframes, My theories and methods are based on price action, so u can trade down to the 5 minute time frame. I just only take the monthly trades because I make more money while doing less work.
wrong , I trade about once a month, can make about $50k PER trade depending on how i size the position ( $600k size) 7-8% per trade basically.
so you only take monthly trades and make 30-50k a trade? what about your recent (scalp) calls in the ES thread? were they not real? i am not going to say anything else in this thread, but i will come back to accept my praise when my call comes home to big papa
I don't make "money" from ES trades. ($200-500 doesn't constitues as "money" to me when I have an 7 fig trading account) I trade it purely for price action experience with 100 shares of spy. ES does not have enough volatility each swing to make a lot of money. ES does not move 7-8% in a move rarely.
Swing trades of course Daytrades will rarely give u 8% pre trade , unleveraged. To make 8% per trade, u need to hold at least for 4 days Each day = 2% * 4 days = 8% current trade in progress ARMH 14.69 = ,http://www.elitetrader.com/vb/showthread.php?s=&threadid=193125&perpage=6&pagenumber=76 timestamped and posted
great entry on ARMH today, but I have to ask, why dont you just trade the /ES? The ARMH and SPY charts are almost identical.
You have a 7 figure trading account, so you can day trade 200 lots ES no problem, and ES is liquid so no problem there, in and out 200 lots; I've seen 1700 lots in a single print at times. Late this afternoon, ES broke a range low and offered 6 pts profit in 30 minutes, x 200 lots = $60K. One swing, 30 mins: $60K That seems like money to me
Personally I'd rather own $1M dollars worth of a specific company, then $1M dollars worth of ES . ie. if u were long POT (your favourite stock) vs long ES one is targeted, the other is mishmash bouncing around running stops.