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That is open for debate.
If you lease a seat (or purchase one) and get your commissions under $3 round trip and focus on the ES, I think slippage is not an issue.
So if going for 2-3 ticks = $25-$37.50 profit - $3 commission = $22 - $24.50 in profits each trade. Trade some decent size and all of a sudden there's a system that works. And you wouldn't need to trade 1000 contracts to hit a good income. Even so, I've been instructed by a number of brokers that you can hit the ES with 1000 contracts during regular volume times and be fine.
Of course, the keys are what size are your losses and how often do you take a loss. But the numbers can work if used in a robust system. |
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The main problem is that you will always be last in line on your
entries and exits even if you place them right away. Escpecially in the ES. Like it has been said before here the market has to actually go through your price for a fill. No matter how small your comissions are, this will take you out..trust me
Besides that you have to work with a stop, even a soft stop will get you killed in this market. It might work out most of the time with a soft stop but the one time will take away all your wins in one move.
I developed trading systems for funds which scalp the market and they play orders at the beginning of the day and pull them once the price gets close so when they need them they are first in line on the ES. I garantee you that no trading system with targets below 2points on the ES will make money on the long run (without hedging).
Good luck!