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trading hundreds of contract everyday? Real or no Real?

  #20 (permalink)

Market Wizard
Chicago, IL
 
Futures Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
 
Blash's Avatar
 
Posts: 1,735 since Nov 2011
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TheTradeSlinger View Post
That's literally the only way to do it.



It's comical to see all these new "order flow" tools such as Jigsaw and others.



Think about it, did successful traders make money before all that crap came out?



The answer is yes.


How ever many traders there are is how many ways there are to trade. It's just a business. Does McDonalds "trade" the same way Five Guys does? Both are in the same game yet vastly different and both a success. One has frozen stuff they call meat in the correct shape to resemble a burger the other hand forms the burger from fresh 100% beef. One has boxes and boxes of real potatoes out in the restaurant, with you as their storage, they use to make the fresh hand cut fries. The other has these frozen things they cook up that never change with age, 6 months later when you find one in your vehicle it's not moldy, it basically looks the exact same as day one. Two businesses could not be more different yet the same and successful.
The top echelon automobiles years ago had the keyless entry/remote start on the key chain but now most if not all vehicles have keyless entry hanging there next to the "key". These things trickle down. The big boys in trading had these type of tools (for example Jigsaw like) years before they were available to anyone. They had them coded just for themselves or could afford outrageously expensive tools others could not. Top echelon traders still have many ways to enter/exit the market with algorithms available from their elite brokerage houses that you can't be part of unless you have a few million to open an account with.
Having stochastic, RSI or stochasticRSI...lol... On my charts years ago ....you can "still see" what it is/was doing now because you get to know it so well you don't need it any more. It served its purpose.
Just little me IMHO.....lol

Ron


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It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
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Buy Low And Sell High (read left to right or right to left....lol)
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