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

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

  1. Shagi

    Shagi

    I took a $4 account and ran it up to $16K in three weeks.

    It can be done but then thats after 5 years experince
     
    #41     Apr 17, 2008
  2. Shagi

    Shagi

    correction - that should read $4K

    and I was trading evrything T-notes, mini metals, meats, grains - basically all the contracts with margin less than $3k
     
    #42     Apr 17, 2008
  3. $4 to $16K is much more impressive than $4k-$16K :p
     
    #43     Apr 17, 2008
  4. ts888

    ts888


    but was that the only 4K to your name? I'm guessing not.
     
    #44     Apr 17, 2008
  5. eagle

    eagle

    Where we can find a broker who charge less than $4 per trade? :D

     
    #45     Apr 17, 2008
  6. BINGO!!...again, exactly what I am talking about...great trading Shagi!
     
    #46     Apr 17, 2008
  7. Shagi

    Shagi

    No - the $4k account was a sidekick account - i wanted to prove a point to some doubting Thomases that it can be done. I was not really taking any insane leverage - it very controlled
     
    #47     Apr 17, 2008
  8. $4k account...great trading..."it can be done"...with control...!!!thanks Shagi
     
    #48     Apr 17, 2008
  9. 1 per $5k.

    1pt = 1% of your portfolio.

    You're going to need to learn sometime. As long as that 5k isn't a huge chunk of your net worth, 1 MAYBE 2 is no problem.

    How come no one's considering the total net worth of the individual? Guy might be a millionaire with a 5k account.
     
    #49     Apr 17, 2008
  10. ts888

    ts888

    but see the difference was that he had lots of trading experience and it was, as he puts it, a "sidekick account" meaning that even if he lost the whole thing I bet his life would not be altered in any significant way and his trading career would go on.
     
    #50     Apr 17, 2008