Silly question to ES traders

[carcanaques]

Walter,

There is no free lunch. Tradeoffs work in both directions. The ES is the blessed mother of eminis and home of the professionals. Great liquidity. Less noise? Perhaps, but not a place for novices. More like the Texas Hold Em of trading.

Caveat emptor.

[brownsfan019]

	Quote:	carcanaques
	Walter, There is no free lunch. Tradeoffs work in both directions. The ES is the blessed mother of eminis and home of the professionals. Great liquidity. Less noise? Perhaps, but not a place for novices. More like the Texas Hold Em of trading. Caveat emptor.

I disagree 100%. Just b/c the professionals are there does not mean this is the 'texas hold em of trading'. The texas hold em of trading is the ER2, or QM or Natural Gas...

The ES is one of the most smooth indexes and I don't see how you could call that the texas hold em when you have the ER2 and it's erratic moves right there in front of you.

[chunjr]

Hi,

I'm new to the site. From my trading & observations, an excellent living could be had scalping the ES for 2.00 points a day. Actually if you took only one trade a day using a 5-lot for .75 pts daily yields approx. 50k a year. Increase size for more...You must however, have a viable method/system that's robust enough to give out enough signals to counter the inevitable losses that come along. If consistency is desired, in my humble opinion, this is the way to go. You could literally never have a losing day...Way more secure than working at a job!

Best Regards

[Bannor]

Walter deserves a free lunch!

But even though he does, he doesnt need it when trading futures, apparently based on his analytical threads here.

Regarding the art of Texas Hold Em - what IS Texas Holdem is scanning equities looking for the right profile, playing them during earnings, volume spikes, etc.

The ES is by far the least gambled instrument in the market, in my opinion. It has predictability, and it has excellent return ratios. Setting reasonable stops, then using a handful of standard indicators nets at least a dozen points a day. No gambling, just daytrading at its best . . .

I would like to understand why you think ES is like Texas Hold Em?

[BlowFish]

As a small aside I just noticed ER2 is still trading on Globex. I thought it was moving?

[jperl]

	Quote:	BlowFish
	As a small aside I just noticed ER2 is still trading on Globex. I thought it was moving?

Yes it has "moved" to ICENYBOT, but will be available on CME until end of September 2008
JERRY

[BlowFish]

Ahh 2008....I should get new glasses. Still looks pretty liquid but I already switched to ES.