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Ok, I'm starting this thread in off topic because I'm asking this more for fun than really serious but, who here thinks it's either "easy" or "realistic" to squeeze 2 points per day from the ES (or equivalent from whatever market you are trading?)
If I could dream, I would love to be able to trade 10 contracts and pull 2 points per day away and be done by 10am each day.....
Or better yet, trade 20 contracts and only have to pick up 1 point.... Or 40 contracts and pull 1/2 point....
Whatdy'all think? Can it be done ? Am I a crazy newb?
One of the first thing that is required is learning to ask the right questions. You have it in the wrong order. The question is not can i make 2 points/day on a regular basis but rather what type of education do i need to get to reach this elusive goal or something similar to this type of question. It's a slow and for some a painfull process but it's certainly doable. In reality, i think 2 points/day on average is a bit border line, too low as an objective.
Yes, yes, I appreciate that but, this is just a fun thread
Dream with me for a minute - LOL
Let's say we have our 10,000 hours of practice, spend 2-4 years studying, have mastered the art of money management and have control over our psychological issues.....
I agree with you its nice to have goals and dreams of the what if 10 20 contracts but you also must think in my opinion is what can you lose. With that much reward also comes huge risk. I believe its all in the entry..and if done right you will have minimal risk and great reward potential. Good luck.
The "2 points a day and quit" rally cry has gone on ever since the ES came into existence by sleazebag vendors who couldn't make 2 points profit in a month, let alone a day. What a seductive come on to seperate you from your money for the system that will make all your dreams come true.
I'd wager less then 5% of all retail traders achieve this net after commission.
Interesting, since I have never sought out a "holy grail" , I've never heard this from any vendor that I have encountered but, I don't doubt at all they are out there.
Why do you think less the 5% of retail traders don't make this? Because 95% are seeking a get-rich-quick solution or lack of intelligence/ability?? Or something else??
Here's why. I have been trading my own funds in futures for 11 years. During that time, I employed an accountant who does tax returns only for retail traders and CTAs. He has told me from the beginning that nothing has changed; namely, 95% of his clients who trade futures loose money BEFORE commissions and other costs.
