even the guy in the hospital laying in a full body cast from the broker television commercial who could not reach his laptop, made 1 point a day.............shhhhhhhheeeesshhhhhh!
1170-1191 is not 90 points. and I trade over 2000 contracts a day. scalping the eminis profitably is very possible but I like to scalp them in conjunction with some underlying option strategy which hedges off the position. good luck touting your chat room; who's to say that the guy doesn't have something without checking it out, but it does sound like a tout job, but isn't that what makes america tick. how many of you guys have been refco'd?
taking trade entries from support and resistance levels that are determined from the previous flow of volume that has created a market profile is a very solid and logical means to trading the ES -- that simple.
Yep. 1 point a day - no problem! Start with $2000, trade at a broker that requires $500/contract margin and costs $4.80/rt commish. Start trading 1 contract (es) and increase your size for every $500 profit - stop at 100 contracts max. On day 61, you are trading 100 contracts and have turned your $2000 into $55,056.40 - net. On day 130, you have turned your $2000 into $366,936.40 - net. At the end of the first year, you have turned your $2000 into $954,536.40. Continue making 1 point per day on only 100 contracts and you will net $1,130,000 per year. See, 1 point per day - piece of cake! But then again, since 1 point per day is so easy - why stop at just 100 contracts? Stop at 500 contracts on day 82 - and turn that $2000 into $4,351,271.20 after the first year. (P.S. - Please don't forget to return Warren Buffets phone calls - he could really use your help!)
that is not the proper logical cycle for this method. you ABSOLUTELY can do this but your math does not work as listed -- you have to trade with the "minimum scale-in potential account size" at the start. Once you have DOUBLED your account size trading with the minimum positions per the scale-in method, then you would be able to double your position size and repeat the process --- over and over again at the "limits" of your own personal psychology. The limits of a trade system that has an extremelly sound foundation is never the system it is always the person trading it --- your mind limits scalabilty more often then a system does.
Can you explain what is wrong with my math? As far as I can tell, it is perfectly sound. I'm not sure what psychology has to do with any of this. If you can make 1 point a day, then you can make 1 point a day. No matter how you slice it, 1 point a day is a huge percentage return that every single trader in the world would love to achieve.
seriously you do not understand my points about peoples psychological limiting beliefs in reference to scalability? the main reason people do not increase their position size when they are trading a profitable method is their own psychology --- they could have a host of mental reasons their own mind will not allow them to scale up {self-worth, fear, self contentment, etc} when they actually have a very successful method for profitability --- i have seen this too many times in my trading life. on the math question i will have to explain the scale-in method for you to fully understand what i am talking about. i will send you a pm.
Ah, ok - you are talking about something specific - and I'm not. I was only talking about the generality of making 1 point per day - not specifically about how that chat room manages money. Sorry for the confusion there...