I listen to @me, not @anyone else. I have heard what they say about flies. There are a couple of aphorisms along those lines, such as "You cannot lead a fly to a piece of shit and make it proboscis." Here's another one... "You can attract flies with shit." I think that is how it goes, anyways. Somewhere in there is something about honey, but that is beyond this pale.
Not afraid of a thing. I'm perfectly happy taking my 3 trades @ 100c (nor will I EVER get stopped out 3 times in one day since I close it down and add 1 extra trade for the next 4 days if I get stopped ONCE.) and going out to lunch @ 11am. I thought it would be nice to share here, but clearly haters abound. You all have fun trying to figure it out. I already did.
I do find it interesting that you feel I need to "add something to your monitoring to assist you with better timing of entries, as you are not maximizing the opportunities" when you have no idea how well I do. Do the math 100c x 3 @ 2 ticks -commission. I think I'm good. But thank you for the advice. I think this will be my last post here. Best of luck to you all!
@Overnight, the reason the "@" is used, is to alert that person that they are mentioned in a post. You should receive an alert about this post, even though I didn't reply to any of your posts directly.
Ahh. It is superfluous nonsense. I get alerts whether or not the "@" is used. I think maybe it's more a twitter jitterbug, or whatever social media crap that is being touted about these days.
It is not advice, it is what I think you need to do, but that means absolutely nothing. You should not take things personal, as nobody really cares what you make, or me, or anyone else for that matter. As for working it out, well, very few will do that as the whole industry is designed to stop that happening, with excellent results.
And I would add that retail traders really can't "scalp" the ES, by my definition, profitably for a few ticks. Yes, I know there are those who claim to. MoneyMatthew's post above is right on the money, but get his definition of "scalp" before you try to trade for a couple ticks. In my opinion scalping, for a retail trader, is not the way to go if you are trading the ES, or really anything for that matter, if you are retail. I would say, at least 25K in your account to trade it, plus experience, very low commissions, a reliable data feed and a low latency platform. It will eat beginners alive in no time. There are experienced ES traders that post here regularly. Learn who they are, and find out what they are doing. You will note that many of them add to losing positions, then lighten up as the market comes back some. Just as pit traders did. They know the turning point is coming and they want to be ready for it. But once in a while the turning point does not come and they take a real beating. Trading this way takes deep pockets. You can't do it with a 5K account!
+1. Totally agree; awesome post and good advise. You surely must know how to trade it correctly; all you need to do is simple buy bottoms and short tops. There is a toll free number to call for perfect timing advise as well. ok.. here's the secret number: 1800GOD. Now pay my fee please..