Your 300 plus posts are like a ball riccocheting (sp) around in a pinball machine. The smallest average profit per day on the ES which is possible is 1 tick. Daily Profits can be smaller on average when having losses on some days is taken into account. How small is 1 point a day? Read what others say about how fast they lose money. They are stating that they have no idea what is going on in the markets. There is a theme about a myth intrading that centers on consistency. You react to so many posts with simplistic comments that show you are unglued most of the time. For sure, there is a lot of money to be made in the markets. You better get it straight soon that only a few make it and the vast majority DO NOT make it. The one thing that you are doing that is very damaging, personally, is wrecking your mind. A wrecked mind cannot be repaired. The "average of one point a day" is a myth. People who make little money per day are not going to be around for very long, no matter how many times they refill their capital hopper. A person either makes money or they are gone. They do not make "one point on average per day". How does a person get to be the 2 out of 20 who make it? There is only one way. They avoid, at all costs, filling their minds with myths and non-essential information. So far, your mind is empty of anything that is important and, on the other hand, it looks like you have been filling it with nothing that is important. you cannot erase any of this tripe. The mind does not erase. Roughly speaking, it takes little time to become profitable. Use a month as an example. Every step has to be purposeful. What would it have been like for you to start slowly and purposefully? An example would be to look at two consecutive bars on the ES. Were you to have looked you would see that the bars cover more than 1 point for God's sake. Try to find two consecutive bars that do not cover one point or more. What would it be like to look at three bars? Well, who cares? About all there is to know is found by looking at the present bar forming and in the context of the prior bar. You didn't figure out that two consecutive bars are more than 1 point. By looking at two consecutive bars you can learn that prediction is not part of trading. Well, you cannot at this point. Wrecking the mind is a dire circumstance and situation. It has turned you into a pinball of a pinball machine. There are 81 bars in an ES day using 5 minute bars. Each pair is over a point staring at you and there to profit from. 1 and 2, and 2 and 3, and so on to 80 and 81. Each adjacent pair has over 1 point variation. You are toying with making one point a day and there are 81 pairs each over one point as a air. Each 10 minutes of the day price moves over 1 point. You have not seen the markets as yet from what you say. You do not think about things you just keep filling your memory with stuff that is unimportant. Try drawing one 5 minute bar and then draw what is behind it. If you do that, then you will be seeing why it takes about four platforms to get all the pieces of a five minute bar to show. Nothing you posted is remotely related to a rule for trading. It is just tripe.
Dear Jack...thanks for this reply and for your private messages...it has all been very helpful...the BEST trading to you...thanks again for all of your help!!!...thanks!!!
Jack lost 26% in a trading contest the only time he ever went on record and currently lives off his girlfriend.. but good luck
Really? So your devoted trainees in the SCT thread became profitable after about a month? I'd love to hear from them so that they can validate your claim.
Well according to those devotees they are on a course that lasts until the end of the year when they will finally ante up and post live trades.. or at the very least P/L So the question becomes did Jack get lumbered with a pack of dolts that take all year to learn what he thinks they should learn in a month? Wish they could all get their stories straight
Yes, that was the incongruence that I observed. I do hope that Jack or a representative sampling of his trainees weigh in to clarify matters.