No - it works out that my max position size would be 60 lots (10-10-10-10-20). The position is traded in a style I call the "accordian" so it is more of a dynamic position (where I am taking small portions of the overall position and scaling out and then back in with price oscillations all during the trade day). The position churns profits each day with the constant scaling in and out with each price drop and then rebound (while the core of the position is held looking for a primary price level target or until it hits a stop level).
So you have over $587K in performance bond, that's cool! I am amused by your fiction here, keep posting. surdo
Sir, that is serious cash and trading...wow...we are listening...thanks for posting all your insights on Oil and the current status of it...I trade 1 humble contract of CL or Brent...please keep posting!
I do have a target for my 126.75 entries at 126.25 (+$.50 per contract - July contract) so that I am only holding my two highest entries. I always try to only hold a max of two levels so that I am always extracting profits out of the position as possible (always covering the lowest entries at a profit when possible) - part of the overall risk management.
Be careful when the CD skips! surdo PS: You may be in violation by posting your positions on here, if you are managing "actual" funds, which most of us seriously doubt, putz.
WOW that is your favorite group - scary! I know exactly what I can and can't post for my accounts - duh.