doesn't sound like you're giving your account much room for error by swinging 4 contracts with just $660 in equity or did I get something mixed up?
depends on how old you are like that kid over in London he made enough to run up a 100k bar tab one night if you put it all on and guess right the returns could be quite staggering if you are old and conservative and you guess right 4 months in a row, you'd be up about 40% (and if you guessed wrong, you wouldn't be down that much.) thing is, you can make 10% in just one day, but everyday is a different matter (especially if you lose 10% in a day.) most of the money is made in just a few minutes or a few hours. But days can go by where even if you were God and knew what was going to happen you couldn't make much.
PaulVl: http://www.ampfutures.com/ "PorkBellies ! " - Louis Winthorpe III aka Dan Aykroyd in 'Trading Places' you didn't get anything mixed up PorkBellies from the pov of trading theory, some might think $3,300 is the minimum account size in order to trade a $330 contract irrespective of the day trading margin, or that a margin of $1,000 per contract is required when day trading a $100 contract then there's what fear-financial risk do you want to accept, are you comfortable with ?' and the trading method, how reliable is it ? how reliable is the trader trading it ? I'd been trading the 6E and you'll appreciate a 50 pip loss in that would have been $625 . psychologically, dropping down from the 6E to the M6E has an f-f risk that's 10 times lower on the f-f risk scale of 0 to 10 , I'm quite comfortable trading the M6E at the 4 level - 4 contracts, but given the low margin in my 6E account, my un-comfort level is 10 increasing the 6E account margin to $3300 wouldn't help at this point as I think I've become gun-shy of it - too many losing trades the M6E seems like it's different than the 6E, a new instrument to trade my discretionary analysis based trading method is very accurate, but I've not traded it enough, this because of the high 6E f-f level - afraid to take trades so rather than DDW trade the M6E, I've started day trading it and will see how good my trading method and me really are on the loss side, I'm prepared to take 5 to 10 pips plus the commissions then the last component becomes confidence if all the other components are meeting their required criteria and profits are being made, then trading confidence is generated which in turn enhances trading results and knowing how much 'swing error' to allow for but point taken PorkBellies, and the added bonus with the M6E is I can always drop down to trading 1 contract
LOL Just to be CLEAR...I was taking the p888! LOL I didn't actually think anyone would think otherwise.. ------------------------------------------------------------------------------------- Please tell me your joking ------------------------------------------------------------------------------------
Guess what? You could be down 15% next as well then. Far too high risk. -------------------------------------------------------------------------- well I'm up about 15% on an M6E account I just started trading this week
why on earth would I waste $50 and some time? Did you even read? ----------------------------------------------------------------------------------------- Go buy the robot for $50 and run it with $500k+ , best way to find out is to actually try.