Chasinfla, I accept the award! First I'd like to thank the academy... sorry It is ICE and has the greatest daily range of any Index Future. Sometimes moves too fast to trade for 30 minutes or so at least for my 66 years old eyes. Hit me with an email and I'll send you a marked up chart. It's not for everyone but suits me to a "T" Dennis
I day trade it whatever whatever the chart shows. never and I mean never..overnight. It used to be Nymex now ice
Not yet, but one day... After years of trading (this is my sixth year as a part-time trader) I have discovered stock market indices are the only instrument I can trade profitably... Forex is the hardest and least profitable for me.
that would exclude live calls probably, ain't that right Dennis?? a master of annotated charts under way, watch out
I trade R2k intraday when opportunity presents itself. As Dennis outlined, best daily range of eminis, best "bang for buck" . I don't trade TF exclusively, I'll trade any FX or future with good vol and liquidity that presents an opportunity for me. It's all I do during the day... no SS , or welfare check coming in for me To "trade for a living", you need to have a big nut saved up or have other sources of income just like you would if you started any other business. IMO you should trade to get rich, not trade for a living just to get by. Thing is, once traders get rich, they buy other business/real estate and get income from other sources as well so they do multiple things "for a living"
A post I did back in 2006. It was called the ER2 back then but still applies today. The indices, more or less, have the same directional momentum. So if you knew there was going to be a big up move, generally you want to put your money on the TF since it will have better ROI. Bang for buck As for trading to get rich, I really think that's the only way. Either you do very well or you fail. If you have an edge and you are only making moderate gains, then you really either deliberately wasting your opportunity or don't know what you are doing.