Rate my get rich plan /biz/. Will be trading /ES. 1 point =

>>589010
I wish you good luck, but youd rather go play roulette you may have a better shot at it

>>589013

That's an opinion, unless you have facts to back up that there is statistically a better chance at winning roulette than making 5 ticks in /ES. That's your limitation, not anybody else.

>>589020
problem is, the day you won't make your ticks you'll be ruined and it will happen...

>>589036

How will I be ruined? Explain

>>589043
what is your plan when you go negative 10 ticks in a day ? you sell ?

>>589043
If you don't make your tick, you start to chase making up for your loss plus making your tick. As you lose more you have to recover more. It sounds neat but is a lot harder than you think

>>589047
well put

>>589047
>>589045

How would I ever get -10 ticks when my stops are placed under the previous candle and I'm only using 4 tick bars. Did you even read OP, or are you just here to shitpost? Have you even traded before? Not think so Charlie.

>>589060
I didn't say you would reach -10 ticks. Yeah you'd be more safe if you used a stop loss, but that's not my point. If you lose 1 tick, you have to make up that 1 tick plus the other 5 you need to make that level of profit for the day. When you lose it makes your job double as hard

>>589066

Thanks for confirming you didn't read my OP

>>589068
Go on then champ, prove us all wrong

>>589069

Screencapping this for history then.

>>589071
I'd be surprised if day 1 goes as planned, so make sure you post here after day 1

>>589074

Do you even trade, or are you the equivalent of a fat person giving weight loss advice?

>>589060
ever hear of slippage?

You will experience. Unless you have a zero ping feed to CME, you will experience some slippage entering/exiting trades.
On a 200 lot, that slippage will add up fast.

>>589081
Most people here probably are tbh xD

ive been in the futures business for a while, and a hearing a plan like yours is VERY common from beginners. i thought id do something like that too when i first started years ago. i know youre probably convinced you can do this and think its a great idea.. but its just not that simple. it sounds good in theory but im 99.9% sure you wont be able to execute your plan in reality, which is what matters. by all means, try. it will get you some experience, maybe even some money. but your goals are extremely unrealistic.

>>589081
As I said buddy, post here when day 1 goes right

>>589010

>OP follows his strategy
>Everything works great
>July 29, 2015
>Sees brilliant trade set-up at 1:55 PM
>Goes in, places stop-loss 1 handle below
>Doesn't know it's FOMC day because he's an idiot
>Yellen hikes rates 1,000 bps for the lulz
>Spooz drops a gajillion handles in a millisecond
>Stop isn't executed because lol gap
>OP is broke

That's why your strategy won't work you fucking moron. And you're the one accusing people of never having traded before? Top fucking lel.

>>589200

>being retarded enough to trade futures and not follow an economic calender

>>589200

>OP gets his drivers licence
>doesn't know what a stop sign means
>gets in car wreck
>should of known what a stop sign means


Pretty much the scenario you just described is implying there's no such thing as common sense.

>>589208
The scenario he just described was one tiny fuck up ruining OP. Or are you too dense to infer that?

>>589209

It's common sense to not trade through economic events. It's not a tiny fuck up, when it would never happen. Again, fatass giving weight loss advice.

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38KB, 500x645px

>>589010

OP is shooting about 60 standard deviations outside of the Gaussian distribution of noob trader returns. A distribution that is skewed, already, horrendously to the left of "Net Profit = 0".

Some kind of glorious compounding strategy that never fails, is not subject to slippage, has zero commission, and does not have a complete cretin trying to execute such system. And even if you were some kind of trading savant (which you are not seeing as you don't have any proven strategy of capturing 4 ticks a day with 100% rate of success), you will eventually fall victim to behavioural pitfalls, error, and unexpected events.

And seeing that you already got your hands on the demo of Think or Swim (piker platform + ridiculous commissions), you are a noob with the most unrealistic of expectations.

If you put this plan in action, I would give you 30 days before you pack it in from failure (being generous)

>>589220

Didn't read my OP. Another fat kid giving /fit/ advice.