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Truly good advice here. As for now, I'm mostly daytrading for the reasons you mention. My main focus is always on risk/money management. If and when I get to trade some size in futures, I'll take a look at your hedging advice again. Thankyou.

Thankyou for your reply 50. It seems that with IB, having an account with no more than the necessary amount of money (the margin for the number of contracts I plan to trade) is a good idea. My other thought that I was wondering about was what limit to use to my stops. I've heard that...

Thanks Michael, I'll remember that tip. I'm pretty sure I'll go for the futures market, even though it may be tougher in some senses (more professional competition seems to be one), it seems more orderly in many other. When you say spread 10 points, do you mean I should set a limit to my stop...

I start to see the risk here now... How is this for risk managing futures (if in your opinion it should be different for index futures and or commodity futures, it would be great to hear): + Always keeping hard stops in the market. If stop limit, the limit should be very far away so...

Under normal circumstances, wouldn't my position be liquidated automatically when ES lost 40 points, if margin is 2000 and I only have 8000 in the account and had bought 4 contracts?

Thankyou guys, it's good to know what's at stake in all kinds of scenarios! A thought would be, I guess, to just have enough in the account to manage the margin for the number of contracts I want to purchase at the most. I now have an account with ib where I swing trade stocks. I could...

I've been looking at trading futures, but there's one thing I need to ask. Probably the dumbest question you've seen here on Elite, but I haven't found the answer elsewhere. So here it is. What is the USD risk at stake here: 1 ES contract bought. Initial margin USD 2000 Value of 1...