Micro E-mini Madness (2% per day)

Discussion in 'Journals' started by sstheo, Aug 19, 2019.

  1. sstheo

    sstheo

    Expensive but doable, yes. But after blowing up several dozen small balance accounts over 13 years of trading, I finally got it through my thick head that something was wrong.

    And I appreciate your comment about "a fun idea." I think this is actually the key to success in trading successfully. As I mentioned previously, those traders who can say "I don't care" when they have a loss are in the best possible place mentally.

    But how can it be fun? How can they not care? Because their account is large enough, or the position sizes small enough, or the stops tight enough, that even 5 to 10 losses in a row don't phase the trader. He or she can think clearly the entire time - even after 10 losses.

    Maybe on the 11th loss they will recognize that they need to reevaluate their strategy, LOL, but until that time, they should be having fun slowly growing their account.
     
    #21     Aug 19, 2019
    ElectricSavant and Sinbin like this.
  2. S2007S

    S2007S


    With AMP can you try a mock trading account to see how futures work? And can you trade using a smartphone?
     
    #22     Aug 19, 2019
  3. REDP1800

    REDP1800

    so yout going to take 1000 to 10000 in six months just to flip to the emini from micro so u can then run it back down to 1000 in 6 weeks? dumbest thing i ever heard. what you should do if u make this happen is pull out 8000 and do it again in the micros but make it 20k..dont trade the mini until you have 100k i mean what is the point of working so hard to blow it up later. u already have serious issues to deal with and you havent gotten to 10k yet
     
    #23     Aug 19, 2019
    cjfromla likes this.
  4. REDP1800

    REDP1800

    this way you have 5 more chances at 2k and 9 mote chances if 1 k
     
    #24     Aug 19, 2019
    mbondiett likes this.
  5. sstheo

    sstheo

    I am not sure. But they are good with the customer service.
     
    #25     Aug 19, 2019
  6. sstheo

    sstheo

    Assuming for a moment that I actually can get to $10k on the micros, having a 10k account and trading just one or two eminis is the exact same proportion as $1000 with a 1/10th sized micro. So I should be able to keep going without missing a beat.

    But I do like your idea of pulling out the money!

    My wife would too. ;)
     
    #26     Aug 19, 2019
    mbondiett likes this.
  7. S2007S

    S2007S


    I'll check it out,can you trade on the go using a smartphone??
     
    #27     Aug 19, 2019
  8. tiddlywinks

    tiddlywinks

    Depends on platform/feed.

    Amp offers more than one option for mobile.
     
    #28     Aug 19, 2019
  9. steve2222

    steve2222

    #29     Aug 19, 2019
  10. Good luck my fees are to high to justify trading micros
     
    #30     Aug 19, 2019