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[ES account size] How realistic... ?
Started: by davidautentico Views / Replies:3,098 / 32
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[ES account size] How realistic... ?

  #31 (permalink)
Trading for Fun
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Today is a good example of why I rarely trade the ES. Spent 30 minutes in an ES trade only to scratch.

Made $1750.00 trading crude and NQ in less than an hour this morning.

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  #32 (permalink)
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  #33 (permalink)
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To the OP. Very realistic.

But why trade the ES? I cannot understand the fascination with the ES. I get it that a lot of people on this board trade it, but it is absolutely the worst contract for a new trader to trade.

Trade the NQ with a smaller point size, but bigger overall daily range ( most days ).

Learn futures on the NQ and then add contracts if you are successful and your win rate is high.

This business is a personal decision for sure. Trade what best suits you and let that grow as you change/progress or evolve.

My barber is always trying to give me stock tips....tips he gets from some guy. We know each other well. He knows I'm involved with the market but futures mean nothing to him. He just gets quiet if I talk about it. He keeps telling me I should of taken his tips on this or that stock. There always under $5....lol. No matter what I say regarding me not trading stocks he still tells me to buy his stock (never short, completely foreign to him).

I don't have the heart to tell him I have two dogs that need hair cuts. I mean, "you cut hair right?.... so why not my dogs hair?.......OOOOO you mean you only cut human hair.......WHY?????....lol you charge $10 a hair cut and I give you a $5 tip..... I pay $45 a hair cut per dog and also give a tip.".... Because his business is JUST cutting human hair ...just a choice he made.

It's the same thing as him always telling me about trading stocks. I have zero interest in messing around with the stock market. Been there done that, don't like it. Yes, it's still trading, but so is cutting a dogs hair ....cutting hair... but he wont do it if I bring over my dogs.

I think if your completely new to trading, trade micro futures and or micro lot FX. If you lose your shirt trading micro lots in FX,... YOU HAVE GOT A SERIOUS PROBLEM.......lol.... or no money.

Ron

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Buy Low And Sell High (read left to right or right to left....lol)

Last edited by Blash; August 11th, 2016 at 12:58 AM. Reason: grammar
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