Replies to post #34500 on ETF SWING & DAY TRADING

[gloe]

Thanks for looking at that. I was wondering what the yearly percentage was.

How about this for statistics: Daytrading 1 ER contract using the Nocona trade, making a very doable average of 40 ticks a day ($400) is 100k per year. Since the value of an ER contract is about $78,000 that is more than 100% a year. And it is only 1 contract, which you can trade with about $4000 in your account. (Depending on the broker.)

The Nocona trade rules!

Have been long for a few hours now; just got back from doing errands. The 5 min people have been struggling to find trades in ER this morning. A ZLR long was a small loser/winner depending on your entry, then a ghost short, which you were lucky to get out break even. But the Nocona trade says: "No reason to get out."

I feel bad for the 5 min people. I feel like I am sitting on a gold mine with plenty of gold for everyone, but I am not allowed to tell anyone in the chat room where the mine is. I am simply not allowed to share this. I could try posting something to my Trading Diary on the forum, but I suspect woodie would remove it.

[gloe]

Nocona, I am getting upset. People really struggling in the 5 min chat room, and here is this great method, and I cannot tell them about it. I simply have no way to share this with them.

I feel sick.