SHORT oil @$125.55 and up

how much is required in order to play 'excellent accordion ' like you?

 

I would say at least 500K to 700K for a very small scale start up - ER2, DAX, ES are good instruments to start off with. For CL I would say 1 million is the very minimum to start small and build up over time.

 

thanks,I will stick with my lowly banjo for now.

 

Banjos are cool - try an electric guitar sometime!

http://www.youtube.com/watch?v=esl2NNOtHQE

 

Start small? 10-10-10-10-20 is not very small, your account must be huge.

 

trade the Nymex MINY - QM, at half the size.

 

You missed what I said - TO START. I have been trading CL for 1 1/2 years now (was LONG CL from late February 07 and on) from mainly ES only trading. Yes, you could start by trading the QM contract as mentioned with a lower INITIAL account size from what I mentioned for the CL.

http://www.elitetrader.com/vb/showt...962&perpage=6&highlight=47\\\.80&pagenumber=5

 

Targets at 126.35 have been hit for 1/2 of my 128.35 entries - holding the rest of the position until lower pricing levels (looking for 112/113 area for the core of the position).

 

Decided with the strong single day rebound to add 4 short positions at 131.00 with targets at 129.00/128.00/127.00 /126.00 - holding all other positions as stated earlier today.

 

hey 5 pillars...great trading...do you trade the DAX daily?...what % of your trades are CL,ER2,DAX and ES...just curious...thanks, great trading!