What size of an account should I start out with on the Emini S&P? Is $5000 a good number and start with 1 contract to build your account from there? Or is starting with $10,000, $15,000, or $20,000 a better approach? **EDIT** Also, after my last post about scalping I did a little more research and decided that short term position trading was a better approach to be more efficient and manage capital. I attached a chart for yesterday that I marked up a bit with some Entries and Exits that I noticed, along with the reasons why... Am I on the right track here?
Heres that attachment... *Ignore the trades on the chart. Those were my scalps before I came to my senses.
I am using a 1 contract per 5K equity position size on ES. I think that is ok, if you are using tight stops.