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Is anyone successful trading the ES?
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Is anyone successful trading the ES?

  #1 (permalink)
Trading Apprentice
Austin, Texas/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 9 since May 2014
Thanks: 5 given, 7 received

Is anyone successful trading the ES?

Just wanted to hear some feedback from others out here that are successful trading the ES.
I've been trying for years and can't seem to find a method I either resonate with or can become
consistently profitable with. I've done all the psychology stuff with just about every top trading psychologist
out there so I'm thinking I'm just not getting something about trading to where I can be successful with it.
I stuck with one mentor for 5 years and never got successful. I went to another one that was a scalper and
didn't like scalping. I'd rather shoot for 2 -4 point targets that try to get 1/4 or 1/2 a tick.
I went to another mentor that shoots for 1 point targets and the method only seems to work about 1/2 the time
when you can get a signal to get on a trade. The majority of the time the market takes off and you're just sitting there watching it go without you. There's got to be a better way! I'd love to hear from anyone who is consistently successful and please share your mentor's info so I can do my due diligence and see if their method is a good fit.
Thank you for your help!

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  #2 (permalink)
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  #3 (permalink)
Elite Member
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Scalpingtrader's Avatar
 
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just read that thread.

https://futures.io/elite-trading-journals/30373-pats-price-action-trading-elite-members-common-journal-80.html#post433433

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  #4 (permalink)
Elite Member
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Futures Experience: Advanced
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Out of curiosity, why lock yourself into only trading one instrument?

Yes I trade ES successfully, but it is a tiny portion of my trading....over 70% is made up of energy futures and the rest is a mix of index futures, metals, FX, and so on. I go where the best setups and charts are and thus am not locked into what one instrument offers me on a given day.

As far as ES goes, it can be hit or miss like anything else with some days better than others. Overall, I prefer TF out of all the financial index futures.

If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
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  #5 (permalink)
Trading Apprentice
Austin, Texas/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 9 since May 2014
Thanks: 5 given, 7 received


BTR411 View Post
Out of curiosity, why lock yourself into only trading one instrument?

Yes I trade ES successfully, but it is a tiny portion of my trading....over 70% is made up of energy futures and the rest is a mix of index futures, metals, FX, and so on. I go where the best setups and charts are and thus am not locked into what one instrument offers me on a given day.

As far as ES goes, it can be hit or miss like anything else with some days better than others. Overall, I prefer TF out of all the financial index futures.

Thank you for your reply! I suppose I stay with one instrument because I feel that if I haven't made money with it, I'll only spread out my focus monitoring multiple instruments thus possibly making my results even worse. But thanks!

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  #6 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
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powerthin View Post
Just wanted to hear some feedback from others out here that are successful trading the ES.
I've been trying for years and can't seem to find a method I either resonate with or can become
consistently profitable with. I've done all the psychology stuff with just about every top trading psychologist
out there so I'm thinking I'm just not getting something about trading to where I can be successful with it.
I stuck with one mentor for 5 years and never got successful. I went to another one that was a scalper and
didn't like scalping. I'd rather shoot for 2 -4 point targets that try to get 1/4 or 1/2 a tick.
I went to another mentor that shoots for 1 point targets and the method only seems to work about 1/2 the time
when you can get a signal to get on a trade. The majority of the time the market takes off and you're just sitting there watching it go without you. There's got to be a better way! I'd love to hear from anyone who is consistently successful and please share your mentor's info so I can do my due diligence and see if their method is a good fit.
Thank you for your help!

Sounds like you are expecting someone to show you how to be profitable. With that attitude you won't make it.

Read everything in my signature. If you are serious, take responsibility and stop looking elsewhere.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #7 (permalink)
Trading Apprentice
Austin, Texas/USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 9 since May 2014
Thanks: 5 given, 7 received


Big Mike View Post
Sounds like you are expecting someone to show you how to be profitable. With that attitude you won't make it.

Read everything in my signature. If you are serious, take responsibility and stop looking elsewhere.

Mike

Thanks for the feedback. I'm not really looking for anyone to show me how to be profitable. I know the responsibility rests with me. I'm just trying to avoid a repeat of what happened with a method recently I purchased from a vendor for $1,500 and followed it exactly only to get stopped out 8 straight times in a row. I was lead to believe that the expectancy on this method was around the 60/70%+ win rate. Not so. At least not in my experience. My only intention was to seek out some people that are consistently profitable month after month and try to determine where they got their education so hopefully I could follow in their footsteps with a method that works a bit better than the one I described.
Thanks again for your feedback.

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  #8 (permalink)
 Vendor: sentimentrader.com 
Tulsa, OK
 
Futures Experience: Advanced
Platform: Tradestation, TOS, Python
Broker/Data: IQFeed, Tradestation, TOS
Favorite Futures: ES, SPY, Options
 
ericbrown's Avatar
 
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powerthin View Post
Thanks for the feedback. I'm not really looking for anyone to show me how to be profitable. I know the responsibility rests with me. I'm just trying to avoid a repeat of what happened with a method recently I purchased from a vendor for $1,500 and followed it exactly only to get stopped out 8 straight times in a row. I was lead to believe that the expectancy on this method was around the 60/70%+ win rate. Not so. At least not in my experience. My only intention was to seek out some people that are consistently profitable month after month and try to determine where they got their education so hopefully I could follow in their footsteps with a method that works a bit better than the one I described.
Thanks again for your feedback.

I have been trading ES now for about 3 years with discretionary methods and am profitable but only after a number of years of trial and error. I use a few indicators on my charts but I won't tell you what they...you'll have to find what w orks for you.

@Big Mike gives good advice. Read the stuff he points to in his sig and then spend time on this site.

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  #9 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
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powerthin View Post
Thanks for the feedback. I'm not really looking for anyone to show me how to be profitable.

Hmm. I don't believe you actually...


Quoting 
one mentor for 5 years and never got successful


Quoting 
I went to another one that was a scalper and didn't like scalping


Quoting 
I went to another mentor

I've seen this a million times. You are expecting someone or something to make you a better trader. You aren't taking responsibility for yourself or learning to trade yourself, you want someone else to show you. In my experience, that is never going to work.

I've laid out what you should do next, it's all in my signature. And it doesn't involve any mentor, any vendor, any program, any indicator, system, or other junk.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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  #10 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received



powerthin View Post
Thanks for the feedback. I'm not really looking for anyone to show me how to be profitable. I know the responsibility rests with me. I'm just trying to avoid a repeat of what happened with a method recently I purchased from a vendor for $1,500 and followed it exactly only to get stopped out 8 straight times in a row. I was lead to believe that the expectancy on this method was around the 60/70%+ win rate. Not so. At least not in my experience. My only intention was to seek out some people that are consistently profitable month after month and try to determine where they got their education so hopefully I could follow in their footsteps with a method that works a bit better than the one I described.
Thanks again for your feedback.

If you got stopped out 8 straight times you're probably trying to apply a system to a market cycle that isn't conducive to your strategy. If you were to try and take a trend trading system and trade it on a ranging day you can expect to get stopped out over and over. Now sometimes you might see price break out of the range and take that as a cue but still get stopped out.

So then what's next? Where do you go from there? The understanding of the larger time frame and being good at finding days that are more likely to work in conjunction with what you're doing. Being able to read daily charts, volume, and the market as a whole.

Most scalpers usually know what longer term traders are doing and try to find confluence points to ride on the coat tails of. So it's always best to get an understand of larger time frames to aid your decision making process on shorter ones if you choose to take that route.

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