Number of Markets to Trade

[Number of Markets to Trade]

I don't trade full-time right now, but my style of trading would average about 2-4 trades a day since my method tries to capture the major swings of the day. However, sometimes the market I trade, emini S&P, doesn't generate any trades, which brings me to my question. In order to trade for living, is it required to trade more than one market? For example, over the last week or so, volatility has really dried up in the ES and there have been few trade opportunities using my trading strategy. Specializing only in one market makes sense, but if you're trading for a living, you need to trade to generate income. Seems like this could be a real problem if the market one follows hits a dry spell for weeks, months, or longer. Thoughts?

 

Quick question, what markets are you looking at besides the ES at this moment? Do you do well in a fast market?

[Number of Markets to Trade]

You should learn a handful of markets. Trying to trade a market with no action is no a wise move. Stick with the hot sectors.

[Intuition and Trading]

Are you saying that system traders blindly follow their signals without overall understanding of the market?

 

Wouldn't intuition help even with system based trading since they would be able to obvious false signals?

 

That is how traders lose. If you are trading a system, you need to take every signal in order for the system to work.

 

By not following your system 100% you decrease your odds of profitability.

[Learning Price Movement]

The markets tend to move slower when price is advancing and faster on a decline.

 

I find this true for stocks and index futures but not for real goods (commodities).

[Intuition and Trading]

Is intuition even necessary? What about system traders who follow signals. Intuiton has nothing to do with their performance. Any comments?