Starter Account Size for Emini S&P?

Discussion in 'Trading' started by EminitraderDM, Nov 1, 2008.

  1. 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?
  2. Heres that attachment...

    *Ignore the trades on the chart. Those were my scalps before I came to my senses.
  3. Do the math: $50/point. 1000 points basically in ES. What's $50*1000? There's your answer.
  4. Okay, and 50 x 1,000,000 is 50,000,000!! :D

    I don't really understand your response...
  5. 1 contract per $50k

  6. I am using a 1 contract per 5K equity position size on ES. I think that is ok, if you are using tight stops.
  7. That seems like a bit much...are you a billionaire:confused:
  8. That actually sounds pretty reasonable.
  9. 50,000 or 500,000 or whatever the hell you want
  10. Insightful, thanks
    #10     Nov 1, 2008