Exactly because if you have $50k and you work with $5k stop if you're wrong and $5k profit if you're right (according to what you said) a few bad trades in a row could erase your account entirely. If you're OK with that no problem then.
Granted, I do not have it, but we are talking here about a seasonal trader that has been consistently making $$$$ trading first 1 then 2 then 5 then 10 then 20 then 50 lots, not me a newbie. That makes a big difference. My original question was, how come guys who have been in the trenches and made $$$$ on steady basis do not reach for that 100 contract order???? I am sure Lescor did not start hitting the market with 10,000 share size the first month he was trading, yet he is clearly hitting at least a million a year. Now to me that is progress. However, when I see a guy who joined ET 5 years ago has 5000 hits under his handle and still is doing $500/Day at best, then I ask myself a question why?
If Ido not know how to trade then of course, whether I open a $500 account and do 1 contract or open $50,000 and do 100, I will finish the account in no time. It is a given. However, please re visit my original question. Iam asking why people who consistently make $$$ in the market do not up the anty. It is like being able to beat Jordan in basketball, yet only play with high school kids.
Maybe the guy with 5000 hits is not yet consistently profitable? If number of posts means trading success, you bet I have at least a million hits by now. And where do you get the impression that people who are consistently profitable are not trading more contracts? And, a trader who is consistently profitable might not increase his size so much simply because he can't sleep at night?
It'd be possible on ET that a guy stating doing $500/Day maximum is actually trading 10,000 shares size, whereas another telling you trading 10,000 shares size is actually doing $500/Day at best.