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Daytrading the Emini S&P 500!
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Created: by cj060896 Attachments:1

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Daytrading the Emini S&P 500!

  #41 (permalink)
Trading Apprentice
bangkok
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: es
 
Posts: 16 since Dec 2013
Thanks: 17 given, 12 received


cj060896 View Post
Guess I should have posted that better. Not $50 PER day. It's more of a cumulative goal. As I said, if I can break even overall I will be thrilled. I did say I would not stop for the day even if I made $50. The most I like to lose in a day is $1,000. I want to trade for 4-6 hours a day as long as I am not losing money with an ultimate goal of someday making at least $50 a day average.

My advise: (that i learned from others)

You have 30 k bucks. Go on Es and do ONLY one trade per day with a 1 tick stop and 1 tick profit.
When you have loose 1k stop trading and start to study, lurking , learning seriously for not less than 1000 hrs.
Then you will be ready to loose others 10 k bucks . After loose start again with others 1000 hrs.

If you will pass the first stage than it mean you are in the family of few very talented traders.

Cheers

 
  #42 (permalink)
Trading Apprentice
Fort Worth, Texas
 
Futures Experience: Advanced
Platform: CTS T4
Broker/Data: Stage5
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Eric B's Avatar
 
Posts: 49 since Jun 2013
Thanks: 2 given, 15 received

wow.. that's even worse advice than the usual 'just give it to charity' type.
my advice is to give the money to me. we can profit split

 
  #43 (permalink)
Trading Apprentice
bangkok
 
Futures Experience: Intermediate
Platform: TradeStation
Favorite Futures: es
 
Posts: 16 since Dec 2013
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I love Texas humor!

 
  #44 (permalink)
Market Wizard
Bangkok
 
Futures Experience: Intermediate
Platform: MultiCharts.NET, S5, Ninj
Broker/Data: AMP, S5, IB
Favorite Futures: ES
 
DionysusToast's Avatar
 
Posts: 2,670 since Nov 2010
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How many ticks do you "usually" "start" your stop loss at?
Any simple rules for how you adjust it as the trade progresses?


4-8 ticks, depending on volatility. I tend not to trail the stop but I will exit at the point I no longer think it's going my way.

Where do you "usually" set your profit target?


4 ticks first, then at 4-6 tick intervals, depending on volatility.

What indicators work best for you?

Cumulative Delta, PriceActionSwing.

Do you use tick charts or time charts and at what intervals?
Do you use bar intervals or candlesticks with your tick charts?


900 tick, you can barely see the individual bars on my chart, I use the swings, not the bars.

Do you follow any chat-rooms or threads with other profitable traders to give you any set up ideas?
Please post links and costs if any.


No

If you have any questions about the products or services provided, please send me a Private Message or use the futures.io "Ask Me Anything" thread
 
  #45 (permalink)
Elite Member
Chicago, Illinois
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, YM
 
Posts: 47 since Jan 2011
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cj060896 View Post
I am just trying to get out of the red!

Before you take, you have to give. What have you been doing thus far? What is your method? How do you think about markets? Without this information, nobody can help you.

Oh, and are you trading real money?

 
  #46 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: CQG , IG Index
Favorite Futures: ES and DAX
 
Posts: 4 since Jan 2015
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tturner86 View Post
How long could you afford to lose $1000/day?

You're ok with losing $1000 a day and happy to make $50 ?? Something a little wrong with that I'm sorry and no Offence meant :-)

 
  #47 (permalink)
Elite Member
Austin, TX
 
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tturner86's Avatar
 
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ptlambi View Post
You're ok with losing $1000 a day and happy to make $50 ?? Something a little wrong with that I'm sorry and no Offence meant :-)

I think you should reread my posts.

I was asking the original poster that question.

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  #48 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: CQG , IG Index
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Posts: 4 since Jan 2015
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tturner86 View Post
I think you should reread my posts.

I was asking the original poster that question.

Sorry TT missed that . Its early and I'm sitting here with a rotten cold / runny nose lol

All the best to you

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  #49 (permalink)
Trading for Fun
Bodoe , Norway
 
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Platform: Fxcm tradestation II
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sharpshoota's Avatar
 
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My advice to you is :
Trade a demo account first.. When you have trippled the amount of money you started with in demo you are ready to go live trading.
While trading demo you can save more money for your live account.

When you are ready to go live trading start with something small, f.ex. the E6-mini futures or forex. trade with a small part of your money ...15 - 20 % maybe.
When you have been able to tripple the money in your small account you are ready to start trading your full size account.

...YES, I know it's gonna take alot of time to get there. But try some other way and you will maybe run out of money before you even learned to play the game. ....why gamble...?

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  #50 (permalink)
Trading Apprentice
Bangkok
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Future
 
Posts: 15 since Jan 2015
Thanks: 0 given, 2 received


I admit the bottom of 2nd february was possibly end of wave 4 ( but since this bottom I dont like the up which looks too much an a,b,c , for that reason I stay aside .
If I am right and there is a last puke to 2000-1960 then I will buy but not before .


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