I respect your trading style, do what works for you and don't let your self be driven by what others are doing...two thumbs up
Futures Traders- What percentage of your net worth are you trading with?
- Thread starter Zr1Trader
- Start date
I respect your trading style, do what works for you and don't let your self be driven by what others are doing...two thumbs up
minutes, would never do that in seconds as it would give me a stress heart attack...LOL
the moves in the 15-30 min time frame(especially in the 6E) are absolutely beautiful when bouncing off of daily and intraday pivots.
I use Ninja for live trading but use MT4 demo FX spot acct for charting.
Ok, sorry if the question was dull, I'm a terrible scalper so I assume nothing when it comes to profitable ones.
When you say pivots you mean hand picked pivots or formulas like Daily Pivot, S1, R1 ?
FoN
example below: they are pivot formula
Got it, thanks for taking the time.
FoN
250k total net worth?
Probably 200k in futures account @ 10,000 per car, 25k in ready cash (for day to day spending) and 25k emergency cash reserve.
At such a low TLNW figure, and assuming consistent profitable futures trading in the first place, I don't see the use of maintaining a diversified portfolio. Let the money sit there and (hopefully) make 6-15% a year or deploy your edge to make 25-100%? Diversified portfolio is for when you have no better edge available, for when you've got millions to play with (enough that you could do buy n' hold with a portion and live off those returns), or when your main strategy runs into liquidity issues.
At $10k per car capitalization, risk for me would be 1.5-3% of futures trading capital per trade.
From my prof objective point of view, diversification is in the cards for a trader based on past and present win/loss performance. I happen to be an expert at scalping and therefore stay focused on the instruments(6E &/or ES). My personal point of view is that if you focus on no more than 1 or 2 markets you will be become more specialized in those markets and therefore you will eventually become more proficient at finding better trading opportunities and attain a higher winning percentage.
...my 2 cents
Quote from JSHINV:
Thanks. I appreciate the comment.
I use 1.0 percent to 1.5 percent maximum risk on each trade. I'll move stops tighter; but never wider. Usually I just move them up or down to breakeven when price is well past break even - on the good days.
On my euro futures trades, i have my platform(Ninja) setup to auto trail and move the stop-loss to just above break even once it has moved in my favor at least 10-15 pips, depending on the the price action(swing high/low) of the last 3-5 15min bars
Does the market know or care how much you have in your account?Quote from JSHINV:
Thanks. I appreciate the comment.
I use 1.0 percent to 1.5 percent maximum risk on each trade. I'll move stops tighter; but never wider. Usually I just move them up or down to breakeven when price is well past break even - on the good days.
What's 1% of your account have to do with market action?