I went for 2 trades long at 2431 and again 2431.5 each for 3 points profit up to 9:45AM CST... Then 5 shorts, from 2435.75 down to 2424.00 3 for 3 points, one stopped out -2 and one I only pulled +1/2 pt.... 7 trades is unusual for me... usually I am at 4-5 and the thing is that I even missed a trade... but who cares....
The ES is not the best market for new traders to trade..after all..you are trying to compete with others that are using multi million dollar systems and software..not a wise choice at all! Any market that is traded mostly by "professional" traders is not really the best choice for the beginning retail trader. Consider this option! Say you have a $5k to $10k account. Pick a stock that has large institutional ownership..has large daily volume traded..and has recently traded from around $1 to around $4..and is now sub $2. What are your chances of making money trading this stock..as opposed to trading the ES..or..to be more practical..what are your chances of losing most or all of your money?
well,,, I am not new, been at this a long time.... I love the leverage on the E-Minis...... but I am open to suggestions
I got the same pretty much but there was some talk about trading boxes and at the edges of boxes. Buy bottom of box, sell top of box... once in a while sell bottom or buy top of box. He pretty much spelled it out there in my opinion. Again I cannot make it work yet but I am keeping it simple and trying to make it happen.
I am having a read through Markets and Market Logic and next on the list is Trading and Exchanges to try and get some more insight into how markets work and why. Maybe I will stumble upon the elusive obvious.
I am new to trading 7 months and trading the e-mini. I figure if I am going to learn one market... may as well be the biggest one. I am slowly adding a few others just to watch and study on a longer time frame. But for intra-day I really enjoy watching the ES.
EUG--- I really like the ES, I have alot of experience, but I do not think that matters too much. I am fortunate that I can keep the ES (or anything else) up on a computer monitor all day while I am working my current job. I have a ton of screen time watching the ES. Sure, I would love to see more daily range, but it is workable. The NQ is too eratic, I have never looked closely at the DOW or Russell mini's