Maximum ES contracts you would daytrade with $3,800.00 account...using $300 daytrade margin...I would advise 2-3 contracts MAX per trade...perhaps 4 if sure of set-up...any thoughts, you agree?
$3,800 is a bit below the exchange minimum margin... and that's about 18:1 leverage. Mortal traders have been crushed with less. (FWIW... I've been trading longer than some of you were just a gleam in your papa's eye... and I've never been levered > 3:1 on all my capital. I know, I know... when it comes to leverage, I'm just a PUSSY, but that's another story entirely.) Trade 1-lots until you feel you have a handle on things, then increase your trade size if you want.