Those CME idiots to launch a future with 25$ tick value, with a value of 5Xcontract As I forecasted when the BTC was at 8,000, things could be ugly if the BTC continues to raise its value. Now the value is 16,000 and with a multiplier of 5x, it brings the contract value to 80,000 USD. That's crazy with a 20% daily range. Small retail traders are out of this business!!! ThanKs to CME!!! Why not to set 1 USD x 1 point?????????????????????????????? IDIOTS!!
Small retail traders shouldn't be in the BTC "business" to begin with. And a couple months ago, before the CME and CBOE announcements, you had nothing to gripe about. How come all of a sudden you are out of a business that didn't exist a couple months ago, and now will exist? Do you gripe about the big S&P? Why not? Maybe the CME will introduce a micro BTC. Then you can be "in the business" of trading BTC.
I trade for a living since 1996. I never had big money to trade. I bought my home with trading, my cars, made a family with children thanks to trading. This fuck cryptocurrency could be an excellent instrument for those like me that love volatility, that are able to make money. I traded futures only futures in twenty years, never bought a single share Leverage is life for me. Without leverage I would be hoeing the earth....
With all of that said, you don't seem to be a "small retail trader". So you shouldn't have a problem. Why the self-imposed agita?
Because I don't want to trade only the BTC....I trade every day ES, NQ, DAX, BUND EUR/USD I see the possibility to use my money much better trading also this instrument I am pretty sure that if I can disinvest some money from my "usual" instruments my annual income could increase at least 30% if not more. But the CME contract is too big mostly in perspective.
You could increase your income 100% by doubling the number of contracts on your current instruments, if it is within your means. Hell, isn't the DAX margin higher than BTC anyways? If you can't handle just 1 contract on the BTC, then just stick with what you know. I think every struggling trader here would be envious of the results you reported above. Be grateful for what you have and are getting on the trading front.
Simply I cannot increase the number of contracts. Is it so difficult to understand? And as I wrote in another thread, I do not use 1 contract for each instrument but a complex strategy with more contracts. As regard the Dax I use the miniDax (FDXM).
Well I'm sorry, you didn't mention that on this thread, and I haven't seen your post where you mentioned this on some other thread. I am sorry I am too stupid to understand how your trading life is over because you cannot trade 1 single BTC contract anywhere ever. I guess you must retire now. Goodbye and enjoy your retirement.