Hi SethArb, To answer ur questions : I have been trading 5+ yrs and only trade the futures market. I take money on the first of every month from my a/c. I have set a fixed base ( trading capital ) and withdraw the rest. This is not to prevent myself from taking a large position ( i can take large positions with my capital when the situvation warrents ) but for my expenses. Avg position size depends on the set-up and most important my risk tolerance. My max risk per trade does not exceed in the worst case 2% of my capital. Position Size depends on where the fill and my stop. I trade upto 20 contracts. I tend to be aggresive with size at the beginning of the month. Simple reason being I have enough time to recover from any large losses. Like wise i reduce my lot size as the month gets nearer to its end to protect any profits I may have. Back to todays trading : Trading results - June 05 2006 Main trade was a loser - Long at support max size ( 20 contracts ) with 3 pt stop.
Trading Overview - June 06 2006 Will mainly be looking for scalps today with shorts in the areas - 1276, 1279, and 1283-1287 and long at 1266 with tight stops. With no economic reports due expecting a dull mrkt/whipsaws today. As usual lets see how the mrkt set's us up for today's trading. Good trading all.
ERROR - previous post - the above posting is the result of june 08 - 2006 not June 07 as the attachment says. Trading Results - Friday June 09 2006