I have been trading the ES for about 8 months now everyday in SIM mode. All I can say is there are 100 different ways to trade it, but you have to choose a few ways. You can counter trend, guess, speculate, or trend trade the ES. I am not a profitable trader as I am practicing in SIM mode everyday when I leave work and on weekend. I review my trades, get mad at ones I missed, get happy when I do something right, and get mad when I do something wrong. I make observations while market is going on. I make a plan each morning what I plan to do. I record where I need improvements. I struggle on entry, timing of entry, hesitation, second guessing. In my opinion, any market is tradeable, it’s all about how you want to trade and what you want to do. I like the ES because its $50 per point, and I can meet my daily income goal in a short amount of time with less trading during the day. You can always go back and back test a few months in sim mode for your style of trading. But first you must stare at the chare and look for opportunity to make more money, then lose money. Then you test it. Then you follow that method to daily. I think about my system constantly and constantly optimizing it. I am always asking myself if-then statements, just like a robot. Because I want to be a robot when trading. Is trading the ES challenging, of course it is. Nothing is easy and no one is going to give you answers. I have the chart and that’s all I need. My practice is my practice. Like Handle123 stated above, I question everything on my trading system and I better have an answer for it, cause the market will test you.
Do not mind @Handle123 as he does not trade and all his posts are just fantasies. Back testing is a complete waste of time for daytrading the ES. As I must have mentioned 20 times by now, I am looking for an Elite Trader to discuss ORB, BMC and TFC with regard to daytrading up to 10 contracts. It is like trying to find a needle in a haystack. Sim trading is fine once you take it very serious and only do the exact same thing as you would do live, otherwise you are just kidding yourself.
Up to 10 contracts? You want everyone to post just one live trade, with one contract, and you are trying to mess with 10 contracts? That's $125.00 per tick. Are you just totally insane, or temporarily mad? Would you do the exact same thing in live, with 10 contracts, as you would do with sim? You must be well-funded! Unless you are just kidding yourself.
It's obvious OP is lost. His obsession toward other people's methods makes it obvious. He should worry about studying his own trades instead of looking for someone to carry him.
What the OP should do, instead of focusing on the ES, is take a gander at RB. You want volatility, you got it there boy. Price action galore, and it is $4.20 per tic so it is safer to "mess with". Make me a liar by giving me a comparison chart over the past month that proves otherwise, RB vs. ES. You'll see. Petroleum and its distillates for teh win!
True that. If he can't distinguish opportunity costs from one instrument to the other, his understanding of volatility is delusional.
I trade sim with real emotions and system plan wtfauoa, Handle123 has personally helped alot of traders, including myself, with their trading business. I can account for that. His years of past trading experience is big blessing to ET members, and the knowledge and advice is free. My appreciate to Handle123 I sim trade with real emotions and goals. I can not use my family real money until a certain goal is reached. Explain why "Back testing is a complete waste of time for daytrading the ES. " Thanks
Are you related to K-PIA? where did he or she go? Wasn't he/she a student of the school of Handle123?
Ya' can't trade sim with real emotions and goals. In sim you can trade only with sim emotions. Don't fool yourself man.