You sure it ain't YM or NQ? I've been trading ES for like 20 years and it has the tightest spread. Only times you would see a big slippage for ES is when the market is in a free fall, like 2 months ago when the coronavirus news hit the market. Otherwise, use the limit order if you're so concerned about slippage. BTW your reply has no relevance to my earlier post. You need only make 1-tick profit to cover your entire commission. So to say you shouldn't daytrade because of high commission is utter nonsense.
Regarding the stress issue, I'm with Deaddog as I swing trade using daily charts. Only instead of 6:30 in the morning, I look at charts around 5:00 PM, when currency futures have closed for the day and are re-opening. Analyzing the charts, placing new stop entry orders, and moving stop-loss orders on existing trades takes about 30 minutes and is pretty stress free. No time pressure and no major psychology issues involved is a major plus. I use mechanical systems but trade them manually, plus I have a day job, and swing trading has always been the best option for me.
just do both swing and day trading...why not? both should be profitable if you believe in your system. maximize the usage of your margins...if you view trading as a business, it would make sense to use all your resources and time to generate a profit, no?
Agree for the commissions part. Exemple: 1%*0.6-1%*0.4 = 20% edge. 0.6-0.4 = 20% Bet Size Bankrol 25K Let’s say that on the ES ... The daytrader looks for 5pts risk reward While the swing trader looks for 50pts risk reward. ES point is 50$ So the daytrader will buy 20 contracts, While the swing trader will buy 2 contracts. Remember that expectancy is the same (20%) Or 4% per trade (20% * 20%) Which is 1000$ (25K * 4%) However the commissions ... For the daytrader is 80$ (20 * 4$) For the swing trader is 8$ (2 * 4$) So the net edge ... For the daytrader is 920$ (1000$-80$) or 3.8% For the swing trader is 992$ (1000$-8$) or 3.9% Everything else being equal ... The bigger size the smaller the difference. It makes a big difference on a 100$ expectancy.