MattZ
Sponsor
I saw and thought the same. The CME rate on Emini IS $1.18 per side, and it's 20 cents on Micro, but Micro is 1/10 of the size. So a ten lot is nearly double in CME fees.
Grow $10k account to...
- Thread starter Phil-n-Texas
- Start date
This adds a ton of credibility to your journal. No one can disbelieve you now. Obviously you don't need to post every day, but sometimes. The trolls won't be able to speak because their jaws will be on the floor. LOL.
Agreed. I see nothing awry with this statement, so as it stands it is legit. Man, posts like those are rare!
The total risk is absolutely nuts. Wallstreetbets tier nuts.
5 e-mini equiv. on a 10k account. A 3-5 point drop (maybe a stop didn't hit?) a few times in a row will smash your account's equity. While the gains are impressive I'm unsure about the sustainability of such leveragae.
Hopefully OP is running with risk capital because father probability comes to collect what you owe him eventually (model it with a coin flip weighted 70/30 assuming OP has an edge of over 20% to random and run 10,000 samples, you lose almost all of them).
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I thought the same thing. But OP stated he was running day-trade margins only. And that it is reflected in the real statement shows he actually did it. Of course it would be suicide and practically impossible to do this if he were accounting for full initial, but he stated he is using the discount. 'Tis why I asked.
as i told a friend of mine seeking investment advice. "you don't make or lose money until you exit the trade."
of course he ignored everything else i told him and lost about 15k overnight before a major bounce. he got into QQQ at about 165 and it's now at 225.
he's happy as can be but every once in awhile i'll ask him it he knows when he's going to sell.
crickets.... still waiting for answer.
will be out of pocket for a few daze. will post more results as time allows.
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Hey man if your doing like 30 micros which is like 3 full contracts then each actual contract for NQ margin requirements are like and you've made good progress. But I have a question? Can you post your trading plan and also how would you handle a larger drop in the market like obviously you go a little smaller on the leverage right. Because come to think of it how would you handle a string of losses, your largest drawdown is more then you made in 1 day but I'm assuming you don't have a lot of losing days. And believe me 8 losses in a row are definitely not impossible. Not probable , yeah, but impossible. Nah ,possibly hedging would be good? What do you think I like this strategy but I'm worried about like when you're flat. At what loss are you done during the day Risk of things going south because I always first and for most try not to lose money haha. Then you know priority number 2 is making money and remember if your risking too much then 1% isn't bad and you'll make some decent money then most americans do quite easily and I hope you keep the money so I see your already there, I'm just worried your not going to last. I was making $800 on my options account per day so not futures but I was trading spreads and it's the first time I blew up an account, It's the first I felt like wow, so I am now risking a lot less to be more consistent you know, of course if my conviction is strong I try you know to be aggressive but then what do I do if my position goes south, is just an after thought. Think black swan something like that. Maybe I would do 25 micro contracs? I still think $500 per contract is too much but good luck.