Quote from ScalperTrader:
Sure it works in futures. But I bet you not in a way that most of you guys "think" it works. I am sure most are still focused on a simplistic way of discerning "size" without any other dimensions to it.
Since July 2012? Let me tell you, I have been trading 1 lot for almost 4 years now, and will probably continue trading 1 lot for another 4 years! I constantly have the same conversation with other traders saying that changing that little digit from 1 to 10, considering the liquidity available on the 6s, makes no difference. Sure it does not, but go back to the beginning of the thread and read again:
1) It is all about the money: I need to get a paycheck from the market every week. Therefore, the account will never grow to the size that will warrant adding more size/risk. It is the way it is.
2) It is not about the money: I enjoy and take pleasure of knowing - and tagging along with - what the likes of Deutch, Citi, Barclays, UBS, etc. are doing or are about to do!
3) Here is a quote from an article in Bloomberg on JPM: "The firm made money on 220 out of 261 trading days." That is what it's all about - making money everyday!
4) Any trader worth his or her salt knows the psychological factors involved in "size". I simply do not wish to explore that, again, for nothing other than the reasons above.
Here's the cut of the loot for last trading day of February: