5min/1h TrendFollowing on ESTX50, SMI, & GBL

Have fun! Come on, tell us about your risk management!

 

ESTX50 short 1 @ 18

 

SMI out @ 98, +19 pts.

 

There is nothing funky about it to tell.
Max risk 1-2% of my equity per trade....
when I exceed it then I lost control of the trade
(and this happens from time to time... I am only human).
As a rule of thumb, I load up incrementally until my
initial margin requirements get above the half of my
net liquidation (sometimes I exceed this, but I shouldn't).
I try to spread the risk among ESTX50, SMI, GBL,
stocks, forex, and only until recently DAX. I usually
reduce the positions when I am gonna go overnight.
That's all. No rocket science here....

 

ESTX50 added 2nd short @ 07.

 

KISS risk mgmt. works best.
Do you stop after a daily draw down of for example 5 %? Do you place your stops always in the market?

 

Why should I stop?

Yes.

 

Cause you are only human and a draw down of 5 or mor percent could affect your trading unfavorably.

 

I don't play for the money (although I do play with real money). I play for the high-score.

 

ESTX50 stopped out 1 @ 16, -9 pts.
Still holding 1 short from 18.