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good deal bh-- how will we post -every day -or weekly - or we could post pics of our trading ladder p/l backed by a blotter -i am up for ideas on this question -let me know -as i will start mon march 5th and we can work out the details - also do to account size - i will have my account locked to trade only 1 contract -thanks for your willingness to play and i wish you tremendous success as it will be a joy to be apart of -thankyou
basic play today was to be short below 67 area -took 4 trades (2 short )(2 long)
short 65.75 out @63.50
short 65.75 out @59.50
long 59.50 out @ 59.25
long 60.25 out @ 60.25
trading ladder shows p/l of 412.50 less com-about 392 clear -will post blotter in the am to confirm-off to a good start -as i know everyday wont be like this
I hate to be a downer, but am I the only person who thinks this is not a good idea? First off the ES is a highly leveraged instrument. It can eat $1000 in a few moments. My broker will not even let you buy a single contract on $1000 account and trust me that is not because they are too over cautious or would shed a tear if I blew up my account (again).
I have over 20+ years of trading experience. My account is many many times your size. I have written automated trading strategies, even some based on the CCI and many other squiggles. I have read thousands of pages of literature on the subject of trading. I can’t do what you are planning to do and so either I am stupid, or god loves you more than any trader I ever met. (If I were you I would not bet on either of those)
Why don’t you trade something less volatile and with less leverage, like IWM and RWM. Better yet, why don’t you paper trade for a while until you are confident. If you have a technical side try putting your strategy into NinjaScript or have someone write it for you and see how easy it is to hit a $1000 draw-down in backtest.
I suppose $1000 is not a lot of money but I would rather you gave it to the SPCA, or at least went to the Casino and got a free drink before it was gone.
yes i am trading the es only -as for leverage you are correct -but if you read back -i have my 1500 starter account locked at 1 contract so i dont make a critical leverage mistake -here is mondays blotter-
I have no problem with your feedback. I have taken $1000 and made $5000 in a week.
Of course this will only happen with patience and when the market is moving and not staying in a small range.
I have traded choppy days but it takes too much out of me and too many trades.
