How many contracts?

Discussion in 'Index Futures' started by trader1974, Nov 29, 2019.

  1. trader1974

    trader1974

    2 contracts is too conservative? it's very little? I have started to be profitable and I don't want to do any nonsense. I want to progress quickly but I also don't want to do any nonsense. Can someone advise me?
     
    #11     Nov 29, 2019
  2. lindq

    lindq

    If you don't know your own level of tolerable risk, then the answer to your question as to how many contracts to trade is 0.
     
    #12     Nov 29, 2019
  3. Overnight

    Overnight

    Yer off on your math?

    ES $50 per point. So 20 contracts is $1000 per point. If it slips 50 points you are down $50,000

    OP, 2 contracts is plenty with $100,000.
     
    #13     Nov 29, 2019
    dennis86 and trader1974 like this.
  4. How much a loss per trade will it take for you to not get any sleep?
     
    #14     Nov 29, 2019
  5. trader1974

    trader1974

    What worries me is not a normal loss, a stop jump of 1 or 2 points. I am more worried about an unexpected event where the index drops many points and the stop does not work.
     
    #15     Nov 29, 2019
    SimpleMeLike likes this.
  6. trader1974

    trader1974

    This is more suited to my personality, I prefer to work 8 hours concentrated making small profits, than making a big profit with just one operation. This also has an obvious advantage. Learning accelerates. The disadvantage: I will not get rich in a short time, but I will not be so at risk.
     
    #16     Nov 29, 2019
  7. How often have you seen this happen, where the stop does not work?
     
    #17     Nov 29, 2019
  8. Overnight

    Overnight

    If you use caution, you will get rich in a long time. The tortoise always wins the race. Always.
     
    #18     Nov 29, 2019
  9. trader1974

    trader1974

    Well, the problem was that I couldn't stop, the platform wouldn't let me. In 11 years it has only happened to me 2 times, but when it happens your legs shake.

    I will operate 50 contracts, I need a Ferrari soon :D:D:D
     
    #19     Nov 29, 2019
    VPhantom and SimpleMeLike like this.
  10. trader1974

    trader1974

    That's true! :thumbsup:
     
    #20     Nov 29, 2019