I actually don't see it this way to be honest. He is swing trading, and using stops that are easily 10's of points, so a big account is I think necessary. If he is going to use a 40 point stop lets say, this would be $2000, so this would represent 1% of his account. This is of course very conservative, but if anything, it shows how being well capitalized is extremely important.
You said I have a simulated account, and now you think I am arrogant? so fucking dumb, I don't even understand your pathetic tiny brain. Fucking, why do I even bother posting here?
so where do I exit my long position? I need to watch closely how market behaves around ES 2213 and how market close today.
so market printed 2179 ovenight and undercut previous high(2184). usually market revisit those undercut price during RTH, but it looks like it's not going to this time.
Thanks for the post. I do think position sizing is important in swing trading. 1 ES per 100K is not that conservative in my experience. If S&P drops 1% in a single day, 1 ES per 100K drops approximately 1% as well. That's a lot considering you only trade 7 or 8 times a year.
It's true, it's no leverage. but as I said in earlier posts, I don't use hard stops. There are rare cases where I have to go through 5-6 % draw down with 1ES per 100K. can not increase leverage knowing that kind of dd is part of this game.