In the future you might consider another broker... I think Interactive Brokers charges you 5 lots x $ 2,- = $ 10,- in and out: $ 20,-
Well, at minimum day trade margins at some firms I believe it is running close to 300:1, but I'll take a larger daily range over excessive leverage any day of the week, month, or year. I am not one to promote those levels of risk that you seem to view quite favorably.
risk is a function of market knowledge... something you and others here do not seem to realise…. but do not worry about what risk I am taking I am not trading your money edit sorry perhaps that as bit harsh....but know ledge does make a diference
Your trading will improve if you trade the NQ. It's good advice. Take it. You can either try out the micro e-mini version (MNQ) where you won't ever get beat up financially or you can opt for trading either the HSI or HHI on the Hong Kong Futures Exchange ($6.37 USD per tick) or their mini counterparts (MHI and MCH, $1.27 USD per tick). But the point remains, your daytrading / scalping will improve when you pick better trending instruments on the smaller, daytrading timeframes (1-5 min). You're the one who laments how long it's taken you to be marginally successful. At this point, it's not what you know or don't know. It's the company you have kept.
you make personal comments and then talk about my ego. not everyone has the same tolerance to risk..so why should you make fun of some else's method
Right mister. Eur moves excruciatingly slowly. In fact, if you put green bean into wet cotton wool, green bean will grow much much faster than eur movement. In terms of day range, eur is one of the worst performing financial instruments and is worse than dead woods. EUR needs to make major make over, major breakthrough, and significant performance improvement. we expect financial instruments to move faster than green bean growth rate. Moving slower than bean growth rate is totally unacceptable and should not and must not be tolerated.
I was not making fun of anything ... this is what I mean about you - everything and anything anyone posts that you do not agree with is interpreted by YOU as an attack on YOU. Nothing in that post looks to me as though I am "making fun" of you.
I do not risk...anything that is why I studied market for 12 years I made 3500 usd today without a single loss....