I've been trading 1 contract for awhile, Its not cause I Don't have money, Its because The cost of learning is much less with 1 contract. The goal: ES contract @ 50 contracts is simple ($600 per tick) 100 contracts ( $1250 per tick) EURUSD @ 2,500,000 2.5 million ($500 per tick) 6-7 million on bid/ask liquid. HSI @ 5 contracts because of lack of liquidty. CL @ 5-10 cause of lack of liquidity. (50-100) per tick The Current: I curretly trade, 1 ES contract, 1 CL contract, 50k EURUSD , 1 HSI. I have the most faith in EURUSD because of heavy liquidty and heavy movement. Less faith in CL and HSI, because of risk control. I can control risk in EURUSD and ES very well on HIGH contract levels. And CL on low contracts. This will be a continuation from this thread: http://www.elitetrader.com/vb/showthread.php?threadid=161093 tight stops, large profits. time to enjoy the thread!
Average time in trade = 3-20 minutes Average tick profit per trade = 25 25 ticks * $12.50 * 50 contracts = $15,000 25 ticks * $500 per tick (EURUSD) = $12,500 $15k = MONEY $15k within 3-20 minutes, is what I call a damn good time enjoying myself. Previously posted, Video example of a money trade: http://www.elitetrader.com/vb/showthread.php?s=&postid=2399773#post2399773
ES trade , happened a hour or so ago. LONG, got out @ the very top. videos: part #1 : http://www.youtube.com/watch?v=jwl-bvc-h1k part #2: http://www.youtube.com/watch?v=IBfpddA1ByM