I started daytrading the S&P e-mini Oct 1 of this year. I use technical indicators to determine my entry, and after entering a trade, immediately enter a 2 point stop loss order, and a 2 point limit order. In IB, I enter these as OCA orders (One Cancels All). Then I just watch what happens. I'm averaging profitable trades about 60% of the time. Each point in ES is worth $50. So, I either lose $100 ($105.90 w/commision), or gain $100 ($94.10 w/commision). For now I only trade 1 contract per trade. That may not sound that great, but I started trading about 1.5 years ago, and (I'll admit it), never had a profitable month until last month. I ended October with a 5% increase. And this month I'm up 7%. This is a new system for me that I studied for about 3 months before trading real money. For those of you just starting out in futures, trust the previously given advice that you should get into this slowly. Find a mechanical system that works for you, and stick to it. You don't need much in points to make money, just a system that yeilds profitable trades more often than not. I wasn't profitable until I followed this advice. To answer brich's question at the start of this thread, I would say, trade 1 contract for 1 to 2 points, and when you've made enough profit doing that to cover a second contract, go to 2 contracts for 1 to 2 points.