$500?? too low to use for 1 lot. Your account must be bigger than 5k to be able to trade 10 lots, otherwise, how can you take several hits and do it again if you're not sufficiently capitalized?
ES Journal Archive (2011)
- Thread starter Buy1Sell2
- Start date
- Status
$500?? too low to use for 1 lot. Your account must be bigger than 5k to be able to trade 10 lots, otherwise, how can you take several hits and do it again if you're not sufficiently capitalized?
I see. I thought you were asking my margin per contract. Like $300/contract $500/contract $2000/contract.
No I keep around 10k in the account. If I get up to 13k I withdraw the rest or I will get tempted to go bigger and bigger with the size of positions based on how much I "like" them. At some point when I feel I am consistent enough I will take my limit per a good trade to 20lots but I will want to deposit 40k to keep my leverage below or at 20%.
Risky....
15min Flat
1hour Flat to Long
1day Short
Kinda mixed up now.
I believe we put in our bottom for that very very large move.
But, tomorrow could be up and Friday we could get bad news and then it could plummet. We will see. If there was no news on Friday I would be really looking for signals to go Long for the next 5 trading days.
But, tomorrow could be up and Friday we could get bad news and then it could plummet. We will see. If there was no news on Friday I would be really looking for signals to go Long for the next 5 trading days.
Quote from iloveoptions:
After looking at the momentum and the strength of this downdraft, it would not surprise me to see 1215 print sometime this week. Therefore, I'm changing several items in my trading plan. My exit target for tomorrow is 1259.75 for 1/2 the position. My adds will come in at 1215.5 for 4 more. Unless I decide to modify it during the day, my stop is at 1195.Come and get me.
Still holding 6 longs from a BE of 1266.90
Looking to exit 1/2 at 1262.5, and let the rest run targeting 1273. Adding 4 more at 1215.5, with a stop for now at 1195
- Status