Maximum ES contracts you would trade with $3,800 account

Discussion in 'Index Futures' started by increasenow, Apr 17, 2008.

  1. 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?
     
  2. balda

    balda

    1
     
  3. TraDaToR

    TraDaToR

    0.3 - 0.4 lots max
     
  4. anyone else?..please, serious replies...
     
  5. 2 MAX.....1 if your smart, ONLY 1 if your new to trading this or even somewhat new......
     
  6. jho

    jho

    Wouldn't even consider a contract until you had a $10,000 account.
     
  7. TraDaToR

    TraDaToR

    It was no joke.
     
  8. TraDaToR

    TraDaToR

    my point
     
  9. 0.3 contract
     
  10. $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.
     
    #10     Apr 17, 2008