The reasons why most who try are unable to make money trading the ES, or any other market, are very simple. They follow what everyone else is doing, not accepting that if you do what everyone else does then you will get what everyone else gets. They fail to do the proper research into how ALL financial markets work, and understand what drives the market they are trading. They fail to adopt proper risk management, which for the retail trader usually means risking too much per trade and failing to take losses when required. If you have only $5k, with intraday margin of $500 per contract, this is adequate for daytrading the ES, providing you are not one who is part of the 3 points above. Of course the planning and execution of such an undertaking requires serious commitment and adequate experience with winning and losing, so, for the beginner the ES is not the best market to start with. A lower volatile market would be a better choice to start with, enabling the person to control their risk much better when gaining the required experiences. Unfortunately, to do this $5k is far too little, hence most get sucked into starting with the likes of the ES and FX due to the ridiculous margin requirements set by the brokers to get the turnover. It is always the same old story in the financial markets, the basics never change within the ever changing schemes and regulatory changes. A fool and his money are easily parted.
OP. You're still clueless. Learn how to recognize opportunity, or find a new endeavor. I don't think this is the right business for you.
Says the expert who can not even post one single live trade with a chart marked up. What is wrong with you people. You have the likes of @Handle123 who jumps on everything any person mentions, from real estate to driving a delivery van to having seats on 70 exchanges. Then you have @profitlocker who speaks as if he is an expert, and can not even post details on one live trade with a chart marked up. Then you had another (can't remember his name) who speaks of sitting by a lake sipping wine when trading. This is like Alice In Wonderland, a bunch of dreamers running around the place with not one bit of solid advice (or proof) from any one of them. Same old story all over again.
I did not miss anything and stated exactly as how it looks, silly and childish. I am beginning to seriously doubt if there are any adults on this site at all.
I have to mention @Handle123 again, as I find it very difficult that some people here actually think he is genuine. A long time ET member sent me a PM, with an outline of @Handle123 long history of his many "businesses" and his many "back downs" when ever any person confronts him and asks for a little bit of proof. Are people really that naive. What is wrong with people these days, but then again, if you look at facebook and twitter, and all the other rubbish that people think is "important", then I suppose that @Handle123 and his like are just normal.
I find it curious that you even mention Handle123, since his last post to this thread was on Oct 11th, as far as I can tell. Why do you keep bringing him up?
Because it shows how silly people can be when it comes to trading. Think about it. If you had some money and wanted to risk some in the financial markets, do you really think that listening to the likes of @Handle123 and @profitlocker is really going to help you make money. If anything, it will do the exact opposite. I told you I was looking to converse with an Elite Trader in relation to ORB, BMC and TFC. I did not expect to, nor have I, found one.