I used open Ecry and since i was already aware that their limit order system was awful i only used market orders. My method is a little bit different, usually its only 1-3 trades a day for me at key zones. Looking to get 30+ points out of the on 10 points risk.
e-mini simulations
- Thread starter Moderate
- Start date
Quote from Moderate:
i stopped flipping it today and and started calling it and stuff on the russell DAMN IM GOODonly made $900, i was playing with 1 or 2 contracts though
Boy someone is setting him self up for disaster !!!
This game is really tough. You can make some money here and there and have some streaks. . Of course I have only been at it 4 months .But over long term as I can see so far it is very difficult to remain profitable and make it your occupation.
The guys who make a living at it for years on end are really extraordinarily talented. And have worked their tail off to get to that point. And have a decent size capital stake to go along with it.
The thing about starting off with a 5k or less acccount is the stops you take have to be tight. 2% on each trade risk for a 4k acount comes out to a 15 pt. stop on 1 contract. For 2 contract its 7 or so point.
So its really tough to weather the price fluctuations on YM and NOT get stopped out on a modest account size.
My goal is to eventually have a stake of 20k and with 2% risk on each trade with 2 contracts that will be 40pt. stops on each. Thats a nice wide stop to account for volatility.
But 2 contracts will be my max until I can get past 30k or so for a stake .
My motto: slow steady and easy !!!
Its a marathon not a sprint
demo and real = not the same...serious stuff dude